Redditors Are Buying This Under-The-Radar Cannabis Stock

We recently published 10 Best Small-Cap Stocks With Huge Potential According to Reddit as Market Looks Beyond AI Trade. High Tide Inc (NASDAQ:HITI) is one of the best small-cap stocks according to Redditors.

High Tide Inc (NASDAQ:HITI) is a Canadian company engaged in the cannabis retail business in Canada. Over the past year, the stock is down 13%.

A Redditor, while making the case of the company, said that it can develop a “Costco-like” business model in the future based on memberships. Redditors are also hopeful that the stock will benefit amid easing restrictions on Cannabis in North America. In September, the company posted quarterly revenue of about $149.7 million, beating the Street’s view of $106.5 million.

While we acknowledge the potential of HITI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.