High Tide Sees Prelim Q3 Sales $195.000M-$200.000M vs $171.167M Est
High Tide (NASDAQ:HITI) sees preliminary Q3 sales of $195.000 million-$200.000 million vs $171.167 million analyst estimate.
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High Tide (NASDAQ:HITI) sees preliminary Q3 sales of $195.000 million-$200.000 million vs $171.167 million analyst estimate.
Read original at benzingaHigh Tide (NASDAQ: HITI) stock surged 13.11% on Tuesday following strong Q2 earnings with record revenue of $130.7 million (up from $96.9 million YoY) and adjusted earnings of 1 cent per share versus a 3-cent loss a year prior. The cannabis retailer also announced the acquisition of four Northern Helm stores in Ontario for approximately 7.74 million Canadian dollars and secured a new 40 million Canadian dollar credit facility from Bank of Montreal.
Read original at benzingaHigh Tide Inc. has secured credit approval from Bank of Montreal for C$40 million in new senior secured credit facilities, consisting of a C$25 million revolving facility and a C$15 million delayed draw term loan. The new facilities will replace the company's existing senior credit facility and provide lower-cost capital for growth initiatives. Closing is expected within approximately 30 days.
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