, an increase of more than $47 million from the same quarter last year.
Citing New Cannabis Ventures, Raj Grover, High Tide’s president and CEO, called the company’s performance “a testament to our team’s dedication and continued execution.”Article content “This exponential growth was all accomplished without having more than 29 million dollars in our bank at any given time,”, adding that the company sees more opportunity domestically, in addition to the U.S. and international markets.
“This growth will come from ongoing bricks-and-mortar expansion in Canada as well as our new and existing e-commerce platforms facilitating the sales of consumption accessories and hemp-derived CBD products,” Grover said. Last year, High Tide announced it was transitioning its 100-plus stores across Canada to a cannabis discount club concept — think Costco — with exclusive benefits for members.