High Tide: From Start-up to Empire | Raj Grover | The Dales Report
High Tide: From Start-up to Empire | Raj Grover | The Dales Report
In our latest The Dales Report Cannabis Exclusive, we talk to the CEO of High Tide, Raj Grover, discussing the remarkable growth and financial performance of High Tide in the thriving US cannabis market. Despite recent challenges, High Tide has managed to generate positive free cash flow of $4.1 million and achieve significant same-store sales growth of 19% year over year and 8% sequentially. With a track record of 114% same-store sales growth over the last 7 quarters and being one of the few Canadian players to achieve free cash flow generation in the US, High Tide has positioned itself as a driving force in the industry.
Looking at High Tide’s approach to achieving net income positivity in the cannabis industry, the discussion emphasizes the importance of continued free cash flow generation while pursuing responsible growth.
High Tide has strategic plans to enter the US market and become one of the top 5 Multi-State Operators (MSOs). The company aims to control costs while maintaining a strong focus on delivering exceptional customer experiences. With a customer base of 4.6 million through their consumption accessory business and 1.1 million members of the Cabana Club, High Tide intends to leverage big data to drive sales and convert customers into cannabis consumers through targeted communication strategies.
Don’t miss this opportunity to gain insights into High Tide’s exceptional financial performance, growth objectives, and expansion into the US market. Explore their strategies for achieving net income positivity, their use of big data, and their commitment to providing an outstanding customer experience.
From Start-up to Empire: High Tide | Raj Grover | The Dales Report
#hightide #rajgrover #thedalesreport #cannabisdaily #cannabisindustry #cannabisnews
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Timestamps:
0:00 – 0:57 Intro
0:58 – 6:22 US Cannabis Market and High Tide’s Earnings and Growth Goals
6:23 – 10:29 Entering US Market, Cost Control, and Customer Experience
10:30 – 15:03 Using Big Data to Drive Sales and Repeat Business in the Cannabis Industry
15:04 – 19:23 Cannabis Retail and Marketing Strategies
19:24 – 23:01 Cannabis Business Growth and Potential With High Tide CEO Raj Grover
23:02 – 23:53 Outro
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excellent
💯Raj 💯
I looked at this stock and their execution is quite impressive. The stock looks to be very undervalued. The CEO sounds very honest which is refreshing. Great interview
wo nice interview
Keep them coming!!!
You shouldn’t fall in love with a stock, but too bad, so sad, love Dad! I’m All In!!
Great interview guys!
If this guy impresses you just wait until Zach George CEO of SNDL comes on the show!
All I heard was SNDL and I don’t want to talk about them because it will make us look bad.
One of the few golden opportunities in the market. 2700 shares 3.55 average we don’t even trade at book value and fair value for the numbers we put up would be between 5-7 and that’s without a multiple.
Raj stays supa fresh 💯
Raj is brilliant. Thank you for giving him a platform I am always impressed when I listen to him. I appreciate you showing our real choices in the market
Great interview with Raj Grover. Long with 44,500 shares and counting. It is my largest and highest conviction position in my portfolio.
Loved it, thank you !
Raj is also severely underrated
In retail, scale and sourcing wins. HITI wins in marketing and SNDL is building scale and sourcing efficiencies (Valens)
Excellent, thank you! This is how we all learn.
Raj has delivered from Day 1 on his promises,. Nova Cannabis (Net Income positive, $0.02 EPS, Q2 2023) and High Tide (cash flow positive) are great plays on CDN MJ retail. Both companies are the only plays I’m willing to touch in the Canadian MJ landscape. "THOSE WHO OWN THE SHELVES WILL OWN THE MARKET IN CANADA"!!!!!!
HITI’s chart looks good with a great base to continue its breakout from. 4X-5X bagger from here wouldn’t surprise me Shadd.
Thoughts on High Tide moving into the U.S.?
I appreciate these videos that dive deep into companies’ earnings and projections. But as for someone like me who’s an average investor just starting out in the cannabis sector, I’d greatly appreciate a video that compares/reviews cannabis ETFs. Since I have little free time to research individual companies, ETFs are more my speed. Thank you for the great content. Keep up the good work.
High Tide has a business model that is designed to steal market share. The US-based MSO’s have no clue what they are in for. When this Apex Predator is finally allowed out of its native habitat, we are going to get a case study on why invasive species are so destructive to local ecosystems.
Raj is incredible.
Wow! Love this Company
great interview – may have to buy some hiti under 2.
👍👍👍👍
Awesome!
Been waiting a long time for this one. Great interview guys 🙏🏾!!
Great interview. Exciting times for Raj and High Tide. It remains my highest conviction play and the number 1 position in my portfolio. Multibagger in the making.
Great interview, learned a lot. Man, he gave us everything from future us plans to the very first shop. Great interview guys
RAJ IS A GENIUS!! INVEST IN HIGH TIDE AND YOU WILL BE REWARDED.
I really like their business model, they’re solely focused on distribution and not production. I think that’s a huge Advantage because they’re not going to be subject to being stuck with product they can’t move, or having to sell it at a loss like many other wholesalers are at the moment.
Excellent interview, thanks for posting.
Great interview! Can’t wait for global legalization!
Raj likes to knock SNDL for having Franchise locations, but they still have 119 corporate owned locations, 4 more on the way from Dutch Love, and the 79 corporate Spiritleaf stores. They also have the potential to take on almost 40 Delta 9 locations they could end up taking over through credit exposure. Once the Nova Cannabis partnership is approved, Nova/SNDL will be able to expand more aggressively in Ontario and B.C., which they’ve been hindered from due to regulations. I think HITI looks great, but it’s a little misleading to say no one else is close.
JUSHI HOLDINGS (JUSHF) Putting in a monster number 18.93% up…Let’s GO!!🎉
Great exclusive. Raj really is the real deal
Great interview. Raj sounds like a very smart and considerate person and HITI is proving to be a very interesting investment idea.
High Tide will absolutely become a very significant and dominant player in the US Market. Looking forward to it. HITI remains by far my largest cannabis position and for all the good reasons as mentioned by Raj in this interview.
My largest investment!
SNDL has more locations in Canada and with Valens – better margins.