High Tide Inc

NASDAQ HITI

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High Tide Inc Days in Inventory for the year ending October 31, 2023: 15.78

High Tide Inc Days in Inventory is 15.78 for the year ending October 31, 2023, a -27.65% change year over year. The days in inventory ratio measures the average number of days it takes for a company to sell its inventory. It is calculated by dividing 365 by the ratio of cost of revenue to the average of inventory and other current assets. This ratio indicates the efficiency of inventory management and the company's ability to convert inventory into sales within a specific period. A lower number of days in inventory is generally preferable.

High Tide Inc Days in Inventory for the year ending October 31, 2022 was 21.81, a -41.58% change year over year.
High Tide Inc Days in Inventory for the year ending October 31, 2021 was 37.33, a 22.31% change year over year.
High Tide Inc Days in Inventory for the year ending October 31, 2020 was 30.52, a -63.83% change year over year.
High Tide Inc Days in Inventory for the year ending October 31, 2019 was 84.38, a -68.94% change year over year.

NASDAQ: HITI

High Tide Inc

CEO	Mr. Harkirat Grover
IPO Date	Jan. 28, 2019
Location	Canada
Headquarters	11127 - 15 Street NE, Calgary, AB, Canada, T3K 2M4
Employees	1,449
Sector	Healthcare
Industry	Pharmaceutical retailers

Description

High Tide Inc. engages in the cannabis retail business in Canada, the United States, and internationally. The company operates through Retail and Wholesale segments. It operates licensed retail cannabis stores; and provides data analytics services. In addition, the company manufactures and distributes consumption accessories. Further, it sells its products through online sales via e-commerce platform. The company offers its products under the Daily High Club, DankStop, FABCBD, GC, Nuleaf, Smoke Cartel, and Blessed CBD brands. The company was formerly known as High Tide Ventures Inc. and changed its name to High Tide Inc. in October 2018. High Tide Inc. was founded in 2009 and is headquartered in Calgary, Canada.

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