Thrilled that our $HITI / $HITIF family was able to close 2020 so strong. Looking forward to keeping the momentum going in 2021!
https://twitter.com/HighTide_HITI/status/1366718120656855040
Thrilled to have just walked analysts and shareholders through the details of the strongest quarter in $HITIF / $HITI history! Together we are building something special.
From an EBITDA perspective this was the strongest quarter ever generated by a Canadian cannabis retailer – and was also above the highest analysts’ expectations. $HITI $HITIF
While I am extremely proud of our results for the quarter, the reality is, our company has been truly transformed on almost every level since then. We are a larger, stronger, healthier company than we were just a handful of months ago – which makes me so excited for the future.
Six months ago, our last reported trailing revenue was $54 million and EBITDA was negative $8 million. Today we just reported revenue of $83 million for fiscal 2020 and adjusted EBITDA of positive $8 million. $HITI $HITIF
Today, if you were to take the U.S. revenue reported for our fourth fiscal quarter and add Smoke Cartel, it translates to a run rate of about $25 million. Expanding in the U.S. is a key component of our strategy going forward. $HITI $HITIF
I want to say a special thank you to all of our shareholders for their unwavering support throughout 2020. We can't do what we do without you and will continue looking to enhance value for you in 2021! $HITI $HITIF
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