CALGARY, AB , Dec. 30, 2024
High Tide Inc. Reflects on Key Milestones for 2024
High Tide Inc. (“High Tide” or the “Company”) (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, is pleased to reflect on its key milestones for 2024. This year saw the Company achieve record growth while delivering on key publicly communicated objectives. From generating positive free cash flow for five consecutive quarters to launching its disruptive Cabana Club program in the United States and Europe, all while closing 2024 as the top revenue-generating cannabis company in Canada for the third consecutive year, High Tide continues to grow rapidly, largely utilizing internal cash flow.
High Tide’s success in 2024 can be attributed to its innovative approach to the cannabis industry. By focusing on retail-forward strategies and customer-centric programs like the Cabana Club, the Company has been able to differentiate itself in a competitive market. This commitment to delivering real-world value has resonated with consumers and investors alike, driving High Tide’s continued growth and solidifying its position as a leader in the industry.
How does this impact me?
As a consumer, High Tide’s success in 2024 means that you can expect to see even more innovative products and services in the cannabis market. The Company’s focus on delivering value to customers through programs like the Cabana Club will likely result in a more personalized and engaging shopping experience for you. Additionally, High Tide’s record growth and strong financial performance are positive indicators for the overall health of the cannabis industry, which could lead to more opportunities and choices for consumers like you.
How does this impact the world?
High Tide’s achievements in 2024 have broader implications for the cannabis industry and the global economy. As the top revenue-generating cannabis company in Canada for the third consecutive year, High Tide’s success is a testament to the growing mainstream acceptance and popularity of cannabis. This trend is likely to continue as more countries around the world legalize cannabis for medical and recreational use, leading to increased investment and economic growth in the industry.
Conclusion
In conclusion, High Tide’s accomplishments in 2024 demonstrate the Company’s ability to innovate and thrive in a rapidly evolving industry. By focusing on delivering real-world value to customers and shareholders, High Tide has solidified its position as a leader in the cannabis market. As we look ahead to the future, it is clear that High Tide will continue to drive growth and innovation, shaping the cannabis industry for years to come.
