The cannabis industry is abuzz with major developments from key players. High Tide, one of Canada’s largest cannabis retailers, prepares to release its latest financial results while expanding its retail presence and loyalty program. Meanwhile, POSaBIT Systems gears up for a major update on its fintech performance, and RIV Capital provides insights into its ongoing merger and financial growth, signaling further consolidation and expansion in the cannabis market.
High Tide
Canadian cannabis retail giant High Tide Inc. (NASDAQ:HITI) (TSXV:HITI) (FSE: 2LYA) will release its financial and operational results for the third quarter ended July 31, 2024, after the market close on Monday, Sept. 16, 2024.
The Calgary, Alberta-based company plans to host a webcast with Raj Grover, the company’s founder and CEO, and CFO Mayank Mahajan, to discuss the financial results and what the remaining fiscal year holds for the company, at 11:30 am Eastern Time on Tuesday, Sept. 17.
Simultaneously, High Tide said its Canna Cabana retail cannabis store at 2090 Hurontario Street in Mississauga, Ontario will kick off sales of recreational marijuana and consumption accessories on Friday, Aug. 23. The new opening marks the company's 182nd Canna Cabana branded retail cannabis location in Canada, the 68th in the province of Ontario and the 7th in the city of Mississauga.
Earlier this month, the company announced its Cabana Club loyalty program has surpassed 1.5 million members across Canada. Membership has increased by 5% since June 13, 2024, marking an annual growth rate of 37%. Since ...
