High Tide Inc (NASDAQ:HITI) is a great example of bad things happening to a good stock. High Tide is a leading retail-focused cannabis company with operations in Canada, the U.S., and Europe. Despite this, High Tide stock is down by 67% since the start of 2022 and down by 79% over the last 12 months.
The company continues to report wonderful financial results, which in the second quarter included enormous year-over-year increases in revenue and adjusted EBITDA. The company’s impressive numbers came despite a competitive marijuana retail market and numerous macroeconomic headwinds.
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