High Tide (HITID) Stock Soared On Nasdaq Listing Approval: What Next?

Uplisting to a bigger exchange is always a major boost for any company and hence it was no surprise that the cannabis company High Tide Inc (OTCMKTS:HITID) saw its stock clock gains of as much as 15% on Friday.

The company announced on Friday that its application for uplisting to NASDAQ has been approved by NASDAQ Capital Markets. In addition to that, it was also announced that the High Tide stock is going to start trading on the exchange from June 2, 2021 under the ticker sign ‘HITI’.

In this regard, it is also necessary to note that the stock is going to continue to trade on the TSX Venture Exchange concurrently under the same ticker sign. It is likely that there is going to be considerable interest in the High Tide stock on June 2 and it might be a good move from investors to keep the stock on their watch lists that day.