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Posted by
Two Blokes Jun 18 -
Filed in
Stock
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High Tide's Q2 again reflects Canna Cabana's retail success. The chain continued to gain market share with the strong discount club model, while earnings were also resilient for the segment. Over the long term, the Company's earnings should benefit from the revenue ramp-up of fresh store openings, Canna Cabana's great store economics, and private label expansion. HITI's international efforts are on more uncertain ground, with uncertain Cabana Club success. The entry to Germany was previously paused, but the Q2 report now showed encouraging remarks.
