The lack of progress on legalizing cannabis at the federal level in the U.S. has sent once-high-flying pot stocks off a cliff. Many of those stocks deserved it and probably won’t recover. One marijuana stock that didn’t deserve it—and is currently in bargain-basement territory—is High Tide Inc (NASDAQ:HITI).
Wall Street analysts expect HITI stock to make much bigger gains in the coming quarters. Of the analysts providing a 12-month share-price forecast for High Tide Inc, their average target is $9.12 and their high estimate is $12.69. This points to potential gains of 104% and 183%, respectively.
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