If you are currently looking into the possibility of investing in cannabis stocks then it could be a good idea to look into the High Tide Inc (OTC:HITID) stock. The stock has been in focus among investors in recent days after the company announced that its application to be uplisted to NASDAQ had been approved.’
Yesterday, the company announced that two of its retail stores in Alberta under the brand name Canna Cabana have both started selling recreational cannabis products for adults.
It is an important development since it indicates that the company is continuing with its organic growth strategy and the announcement was rewarded by investors as well. The High Tide stock went up by as much as 7.5% after the announcement and it is going to be interesting to see if the stock continues to be in the good graces of investors over the course of the coming days.