High Tide Charts Course For Stability In Cannabis Market

In an industry as fluctuating as cannabis, High Tide Inc. HITI has managed to carve out a path of steady growth and financial improvement.

This is largely due to the analytical understanding of Vahan Ajamian, the company’s capital markets advisor.

Ajamian, who has over a dozen years of experience in equity research, including early coverage of the North American cannabis market, has been one of many guiding forces behind High Tide’s financial strategies. 

His efforts have culminated in a year when High Tide not only reported a 37% increase in revenue over the previous year but also saw a significant reduction in net loss. Ajamian is set to bring his wealth of knowledge to the Benzinga Cannabis Capital Conference, offering attendees a look into creating financial stability within the cannabis market.

Highlighting High Tide’s 2023 Performance

The last fiscal year was a standout for High Tide, showcasing a boost in revenue to CA$487.7 million and a noteworthy cut in net loss from CA$70.8 million the year before CA$40.9 million. The company also marked its territory as one of the few publicly traded cannabis firms to consistently produce a substantial free cash flow while expanding its operations.

High Tide’s Global Vision

With Ajamian’s guidance, High Tide is exploring avenues for growth beyond Canada, eyeing the evolving U.S. market amidst talks of cannabis rescheduling. His analysis will show how companies can prepare for and adapt to new market conditions, leveraging High Tide’s successful retail model as a case study.

Meet Financial Whizzes At Benzinga’s Cannabis Capital Conference

The Benzinga Cannabis Capital Conference is the premier gathering for those interested in the financial underpinnings of the cannabis world. Ajamian’s participation promises to be a cornerstone for those eager to learn about financial stewardship in the cannabis industry.

The Benzinga Cannabis Capital Conference is returning to Florida in a new venue in Hollywood on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn, and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars — this conference is the go-to event of the year for the cannabis world. Get your tickets now on bzcannabis.com – Prices will increase very soon!

Photo: Courtesy of YARphotographer via Shutterstock