Buy Rating Maintained on High Tide Inc. (HITI) as Canaccord Adjusts Price Target

We recently published an article titled 11 High Growth Micro-cap Stocks to Buy. 

On February 2, Canaccord analyst Luke Hannan lowered the price target on High Tide Inc. (NASDAQ:HITI) slightly to C$7 from C$7.25, maintaining a Buy rating on the shares. The modest adjustment reflects near-term execution considerations but does not diminish confidence in the company’s strategic expansion plans and long-term growth potential.

High Tide Inc. (NASDAQ:HITI) is actively positioning for growth in both domestic and international markets. In Canada, the company has expanded its Canna Cabana footprint to 218 stores, solidifying its status as the country’s largest cannabis retailer while strengthening its membership-driven model, which supports operating leverage and improved profitability. Management is also exploring U.S. opportunities, including licensing Canna Cabana and developing CBD offerings aligned with potential Medicare coverage, providing a measured entry into the world’s largest cannabis-related market without relying on full federal legalization. Additionally, High Tide has begun expanding internationally, entering Germany’s medical cannabis market, signaling ambitions beyond its Canadian core.

Founded in 2009 and headquartered in Canada, High Tide Inc. (NASDAQ:HITI) is the nation’s largest cannabis retailer by revenue.

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