High Tide (OTCMKTS:HITIF) Shares Down 1.4% – Should You Sell?

Shares of High Tide Inc. (OTCMKTS:HITIF) were down 1.4% during mid-day trading on Monday . The company traded as low as $2.74 and last traded at $2.78. Approximately 219,503 shares were traded during trading, a decline of 96% from the average daily volume of 5,944,036 shares. The stock had previously closed at $2.82.

High Tide Stock Performance

The company has a 50 day moving average price of $2.85 and a 200 day moving average price of $2.88.

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.