Canadian retail-focused cannabis company High Tide Inc. (TSE:HITI) (NASDAQ:HITI) reported encouraging results for the third quarter of Fiscal 2022. The company’s earnings and revenue figures comfortably beat the Street's expectations in the reported quarter. Q3 Earnings in Detail High Tide reported a net loss per share of C$0.04, more than the year-ago loss of C$0.03 per share. However, the metric is narrower-than-the analysts’ estimate of a loss of C$0.09 per share. There was a 98% year-over-year surge in the company’s revenues to C$95.4 million in the third quarter of Fiscal 2022. The top line conveniently surpassed the Street estimate of C$89 million.
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High Tide (NASDAQ:HITI)
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