Tilray, High Tide, Glass House: How Top Cannabis Companies Deal With Financial Pressures
As the cannabis industry maneuvers through financial complexities and regulatory uncertainties, recent updates from Tilray Brands Inc. (NASDAQ:TLRY), High Tide Inc. (NASDAQ:HITI) and Glass House Brands Inc. (OTC:GLASF) offer a clear glimpse into the fiscal health and strategic pivots of these market leaders.
Each company’s Q3 and Q1 financials, as examined by Elevetix, a company providing research and consulting for companies and investors in cannabis and AgriTech sectors, reveal varied approaches to market share, cost control and potential growth in Canada, the U.S. and Europe.
HITI’s Market Expansion Across Canada And Beyond
High Tide’s Q3 report radiates positivity, with the company marking a notable expansion across Canada, Germany and the U.S. Its revenue climbed to CAD 131.7 million ($94.4 million), representing a 6% increase year-over-year, complemented by a strong 12% market share in the operational provinces. Noteworthy is its aggressive pricing strategy aimed at ousting competitors, which seems to be paying off as evidenced by its growing market share and stable gross margins at 27%.
Moreover, Elevetix notes …