High Tide falls following quarterly loss

High Tide

17/03/2025 21:59

** U.S.-listed shares of Canadian cannabis firm High Tide HITI.V fall 4.9% to $2.31

** HITI reports a Q1 net loss of C$2.7 million ($1.89 million) compared to breaking even in the prior year

** Company reports Q1 adjusted core profit (EBITDA) of C$7.1 million compared with C$10.4 million a year ago

** HITI reports Q1 revenue of C$142.5 million, vs estimates of C$138.83 million, according to data compiled by LSEG

** Up till last close, stock down 21.4% YTD

($1 = 1.4290 Canadian dollars)

 (Reporting by Pooja Menon in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com;))