High Tide Inc. engages in the cannabis retail business in Canada, the United States, and internationally. The company operates through Bricks and Mortar, E-commerce, and Medical Cannabis Distribution segments. It manufactures and distributes consumption accessories; cannabis; and hemp derived products. The company also engages in data analytics; advertising; product sourcing and imports; event-based cannabis retail; medical cannabis distribution; accessories retail; …
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Competitive advantage assessment
Key strengths
Operating Leverage in EffectOperating leverage is evident (score 0.78), with margins expanding over time.
Key risks
ROIC Below WACC or PeersROIC at 39.7th percentile suggests inefficient capital deployment.
Revenue Volatility Signals Weak StickinessRevenue volatility is high (stability score 0.18), suggesting weak customer stickiness.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Where HITI ranks in Healthcare: Providers, Plans & Distribution
High Tide Inc. ranks #75 of 156
scored companies in Healthcare: Providers, Plans & Distribution by moat score — the top 48%.
The widest moat in the group is Veeva Systems Inc. (VEEV)
at 88/100.
Moat scores for companies ranked near HITI in Healthcare: Providers, Plans & Distribution
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 57
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 38
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 29
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 53
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 56
· 15% of the moat score
Scale matters only when it converts into economics.
High Tide Inc. (HITI) scores 44 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #75 of 156 scored companies in Healthcare: Providers, Plans & Distribution, the top 48%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 155 companies in Healthcare: Providers, Plans & Distribution. Its strongest defense is Cost Advantage (57/100) and its weakest is Capital Efficiency (29/100).
How does High Tide Inc. compare with other Healthcare: Providers, Plans & Distribution companies?
High Tide Inc. ranks #75 of 156 scored companies in Healthcare: Providers, Plans & Distribution by moat score. The widest moat in Healthcare: Providers, Plans & Distribution is Veeva Systems Inc. (VEEV) at 88/100. The companies ranked closest are InnovAge Holding Corp. (INNV) at 44 just above it and Tempus AI, Inc. (TEM) at 44 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 155 companies in Healthcare: Providers, Plans & Distribution. The defenses are then weighted to produce the overall score out of 100.
Why is High Tide Inc. scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for High Tide Inc.?
The Corporate Default template measures 6 defenses, and HITI scores: Pricing Power (34), Cost Advantage (57), Customer Stickiness (38), Capital Efficiency (29), Resilience (53), Scale & Market Position (56). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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