The Week In Cannabis: New ETF, First Delivery App On Apple, FBI, Sundial, M&A And More
Below is a recap of the main news related to the cannabis industry and markets for the week of July 5, 2021.
Contents
Cannabis Retailer High Tide Bolsters Its Presence In US, Closes Acquisition Of Daily High Club
High Tide Inc. (TSXV: HITI) (NASDAQ: HITI) (FRA:2LYA) has purchased Daily High Club, an online cannabis accessories retailer, for $10 million.
Video: Talking Cannabis With Aurora Co-Founder Terry Booth | Benzinga Cannabis Insider 6/29
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Why High Tide Stock Is Rising Today
High Tide Inc (NASDAQ: HITI) is trading higher Tuesday after the company announced better-than-expected financial results.
High Tide Posts 99% Higher Revenue, Record Adjusted EBITDA Of CA$4.7M
High Tide Inc. (NASDAQ: HITI) (TSXV: HITI) reported its financial results Monday for the second quarter of fiscal 2021 with revenue of CA$40.9 million ($33.12 million), up by 99% quarter over quarter.
22 Stocks Moving in Tuesday’s Pre-Market Session
Gainers
Exela Technologies, Inc. (NASDAQ: XELA) rose 39% to $2.05 in pre-market trading after gaining over 5% on Monday.
Earnings Scheduled For June 28, 2021
Companies Reporting After The Bell
• Global Cord Blood (NYSE:CO) is projected to report earnings for its fourth quarter.
High Tide Focuses On U.S. Market As It Acquires Online Cannabis Accessories Retailer For $10M
High Tide Inc. (TSXV: HITI) (NASDAQ: HITI), via its U.S.
High Tide Reports Purchase Of Daily High Club For $10M In Cash, Stock
High Tide adds another top e-commerce platform to its portfolio which will now include 3 out of the top 5 most popular e-commerce platforms for consumption accessories globally totaling 91 million site visits in 2020,
High Tide Stock Could See A Breakout In The Coming Weeks: Here’s Why
High Tide Inc (NASDAQ: HITI) shares climbed higher Friday on continued momentum after the company announced Thursday it would release its financial and operational results for Q2 of 2021 after market close on June 28, 2021.