High Tide (OTCMKTS:HITIF) Trading Up 4% – Should You Buy?

High Tide Inc. (OTCMKTS:HITIF – Get Free Report) shares rose 4% during trading on Wednesday . The company traded as high as $2.70 and last traded at $2.63. Approximately 3,940,829 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 5,944,036 shares. The stock had previously closed at $2.53.

High Tide Stock Performance

The stock has a 50-day simple moving average of $2.35 and a two-hundred day simple moving average of $2.36.

High Tide Company Profile

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High Tide Inc (OTCMKTS: HITIF) is a Canada-based retail-focused cannabis lifestyle company offering a broad range of cannabis accessories, vaping hardware and branded consumer products. Operating under a portfolio of well-known retail banners and e-commerce platforms, High Tide supplies smoking and vaping paraphernalia such as glassware, vaporizers, rolling papers, grinders and storage solutions. The company also develops proprietary consumer packaged goods for both regulated cannabis markets and ancillary segments.

Founded in 2014 by Raj Grover, High Tide initially concentrated on the fast-growing vaping sector before expanding into brick-and-mortar smoke shops and online retail.

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