High Tide Inc. (NASDAQ:HITI) is among the 11 Best Pot Stocks to Buy According to Hedge Funds.
On February 24, TD Securities initiated coverage of High Tide Inc. (NASDAQ:HITI) with a Buy rating and C$6.50 price target, identifying the company as its top cannabis pick. The firm cited leading key performance indicators, including market share, same-store sales growth, store economics, and a rapidly growing 2.5M member loyalty program as key differentiators.
On February 9, High Tide Inc. (NASDAQ:HITI) announced the opening of a new Canna Cabana retail location in Scarborough, Ontario, bringing its total footprint to 219 Canna Cabana stores across Canada, including 95 in Ontario. The store sells recreational cannabis products and consumption accessories for adult use. Continued store expansion reinforces the company’s scale advantages and national brand presence, bringing High Tide’s total store count to 219 Canna Cabana locations across Canada.
High Tide Inc. (NASDAQ:HITI) operates across bricks-and-mortar retail, e-commerce, and medical cannabis distribution majorly in Canada and the United States. Alongside manufacturing, it distributes cannabis, consumption accessories, and hemp-derived products at its outlets. The company was founded in 2009 and is headquartered in Calgary, Canada. With 10 hedge funds having stakes in the company as of Q3 2025, as recorded by Insider Monkey, High Tide is among the best pot stocks to buy according to hedge funds.
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