High Tide (OTCMKTS:HITIF) Trading Down 2.1% – What’s Next?

High Tide Inc. (OTCMKTS:HITIF) shares dropped 2.1% during trading on Thursday . The company traded as low as $2.31 and last traded at $2.33. Approximately 391,344 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 5,944,036 shares. The stock had previously closed at $2.38.

High Tide Trading Down 2.1%

The company’s 50-day simple moving average is $2.60 and its 200-day simple moving average is $2.92.

High Tide Company Profile

High Tide Inc (OTCMKTS: HITIF) is a Canada-based retail-focused cannabis lifestyle company offering a broad range of cannabis accessories, vaping hardware and branded consumer products. Operating under a portfolio of well-known retail banners and e-commerce platforms, High Tide supplies smoking and vaping paraphernalia such as glassware, vaporizers, rolling papers, grinders and storage solutions. The company also develops proprietary consumer packaged goods for both regulated cannabis markets and ancillary segments.

Founded in 2014 by Raj Grover, High Tide initially concentrated on the fast-growing vaping sector before expanding into brick-and-mortar smoke shops and online retail.