Shares of cannabis accessories maker High Tide (HITI) have doubled in 2021 despite pulling back significantly - like the majority of cannabis stocks – from the year’s early highs. However, Echelon's Andrew Semple expects the stock to claw back those gains and some. The analyst reiterated a Speculative Buy rating on HITI along with a C$18.00 ($14.57) price target. Investors could be sitting on returns of ~140%, should his thesis bear fruit over the next 12 months. (To watch Semple’s track record, click here) Semple’s latest endorsement follows two recent developments. On Monday, the company disclosed that it has established a credit agreement worth up to $25 million with ATB Financial.
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High Tide (NASDAQ:HITI)
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