High Tide’s Strong Market Position and International Expansion Drive Buy Rating
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Neal Gilmer has issued a Buy rating for High Tide, citing its strong market position and growth potential. High Tide, a leading cannabis retailer in Canada with 207 stores, has seen a 132% increase in same-store sales since adopting a membership-based discount model. The company's acquisition of a 51% stake in Remexian Pharma GmbH in Germany is expected to generate $100 million in revenue, enhancing its international presence and supporting its operations in the European medical cannabis market.
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