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High Tide

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Overview

High tide, a natural phenomenon crucial to coastal ecosystems and maritime activities, is primarily caused by the gravitational forces exerted by the moon and, to a lesser extent, the sun on Earth's oceans. This complex interaction results in the periodic rise and fall of sea levels, known as tides.

Gravitational Influence

The moon's gravitational pull creates two bulges in Earth's oceans: one on the side facing the moon and another on the opposite side. As Earth rotates, different regions pass through these bulges, experiencing high tides. The sun's gravitational effect, while stronger, has less impact due to its greater distance from Earth.

Tidal Patterns

  1. Semidiurnal Tides: Most common, featuring two high and two low tides daily.
  2. Diurnal Tides: One high and one low tide daily, occurring in some coastal areas.
  3. Spring Tides: Occur during new and full moons when the sun and moon align, causing higher high tides and lower low tides.
  4. Neap Tides: Happen during first and last quarter moon phases, resulting in less extreme tidal ranges.

Tidal Components

  • Tidal Range: The difference in height between high and low tides, varying by location and celestial alignment.
  • Tidal Currents: Water movements associated with tides, including flood (incoming) and ebb (outgoing) currents. Understanding these tidal dynamics is essential for navigation, coastal engineering, and environmental management. The predictable nature of tides, governed by celestial mechanics, allows for accurate forecasting, crucial for various maritime activities and coastal planning.

Leadership Team

High Tide Inc., a leading retail-forward enterprise in the cannabis industry, boasts a diverse and experienced leadership team guiding its strategic direction and growth.

Key Executive Positions

  1. CEO and Founder: Raj Grover
    • Appointed in February 2018
    • Total yearly compensation: CA$1.71 million
    • Owns 8.11% of company shares, valued at CA$28.93 million
  2. Chief Financial Officer: Mayank Mahajan
    • Appointed in May 2024
    • Extensive financial experience from previous roles
    • Holds multiple professional accounting designations
  3. Chief Operating Officer
    • Tenure: Approximately 3.8 years
    • Total yearly compensation: CA$480,530
  4. Chief Communications & Public Affairs Officer
    • Tenure: About 4 years
    • Total yearly compensation: CA$335,880
  5. Chief Marketing Officer
    • Tenure: About 1.2 years
    • Total yearly compensation: CA$384,230
  6. VP & Legal Counsel
    • Tenure: Approximately 4.2 years
    • Total yearly compensation: CA$253,000
  7. Secretary & Treasurer
    • Tenure: About 6.1 years

Board of Directors

The board includes several independent directors with significant tenure and compensation:

  • Four independent directors with tenures ranging from 4 to 6.4 years
  • Total yearly compensation ranging from CA$282,750 to CA$408,980
  • Ownership stakes ranging from 0.082% to 0.26% of company shares This leadership structure combines industry expertise, financial acumen, and strategic vision, positioning High Tide Inc. for continued growth and innovation in the dynamic cannabis retail sector.

History

The understanding and prediction of high tides have evolved over millennia, marked by scientific breakthroughs and technological advancements. This journey reflects humanity's growing comprehension of celestial mechanics and their impact on Earth's oceans.

Ancient Observations

  • 325 BC: Greek explorer Pytheas noted the relationship between spring tides and moon phases
  • 2nd century BC: Hellenistic astronomer Seleucus of Seleucia correctly attributed tides to lunar gravitational attraction

Scientific Foundations

  • 1687: Isaac Newton's "Principia" provided the gravitational explanation for tides
  • Late 18th century: Pierre-Simon Laplace developed the dynamic theory of tides, formulating the Laplace tidal equations

Prediction Methods

  • 1860s-1870s: William Thomson (Lord Kelvin) and William Ferrel developed the harmonic method of tide prediction
  • 19th century: Introduction of mechanical tide-predicting machines
  • 1960s onwards: Transition to digital computing for tide predictions

Tide Tables and Publications

  • 1853: U.S. Coast Survey began publishing tide tables for the East Coast
  • 1866: Separate publications for Atlantic and Pacific coasts initiated
  • Modern era: Digital tide tables available online and through various applications

Practical Applications

Throughout history, accurate tide predictions have been crucial for:

  • Safe navigation in harbors
  • Shell fishing and coastal activities
  • Operation of tide mills
  • Historical events (e.g., Boston Tea Party, American Revolution naval strategies) The evolution of tidal understanding and prediction methods highlights the intersection of astronomy, physics, and practical maritime needs. Today, this knowledge continues to be essential for coastal management, navigation, and environmental planning.

Products & Solutions

High Tide operates in multiple sectors, offering diverse products and solutions:

High Tide Inc. (Cannabis Industry)

High Tide Inc. is a leading cannabis enterprise with a comprehensive range of offerings:

  • Retail: Operates Canna Cabana, Canada's largest cannabis retail chain with over 186 locations, functioning as a cannabis discount club retailer.
  • Retail Innovation: Utilizes Fastendr, an automated technology using retail kiosks for browsing, ordering, and pickup, enhancing customer experience.
  • E-commerce: Manages leading platforms for cannabis accessories including Grasscity.com, Smokecartel.com, Dailyhighclub.com, and Dankstop.com.
  • Brands: Maintains a portfolio of consumer-facing brands such as Queen of Bud, Cabana Cannabis Co, and Daily High Club.
  • CBD: Operates NuLeaf Naturals, FAB CBD, and Blessed CBD, offering hemp-derived CBD products across various markets.
  • Wholesale Distribution: Runs Valiant Distribution, a wholesaler of premium consumption accessories.

High Tide Technologies (SCADA Systems)

High Tide Technologies provides solutions for water and wastewater utilities:

  • SCADA Systems: Offers real-time monitoring for immediate response to operational changes and potential issues.
  • Products: Includes High Tide Web App (cloud-based interface), and various Remote Terminal Units (RTUs) like GEN-2, GEN-2 LITE, and Nano for custom controlling and monitoring.
  • Key Features: Automatic reporting, turnkey deployment & maintenance, 24/7 live customer service, flexible connectivity options (cellular, satellite, Ethernet), and SOC-2 Type 2 compliant cybersecurity.

High Tide Solutions (IT Services)

Based in the U.S. Virgin Islands, High Tide Solutions offers comprehensive managed IT services:

  • Services: Includes managed IT, co-managed IT, managed cybersecurity, IT strategy and consulting, backup and disaster recovery, cloud services, Microsoft 365, video conferencing, VoIP solutions, video surveillance, and structured cabling.
  • Benefits: Streamlines business operations, provides access to superior support and product knowledge, and offers a proactive approach to IT management.

Core Technology

High Tide Technologies, focusing on utility monitoring, centers its core technology around advanced SCADA (Supervisory Control and Data Acquisition) systems:

Cloud-Based SCADA

  • Offers a cloud-based SCADA system for remote monitoring and control of utility systems
  • Utilizes TelemetryVIEW, a web-based software providing real-time data and system status updates

Hardware and Communications

  • Provides a range of hardware models, including HTT-200 float monitor and HTT-2100 communication device
  • Supports various communication methods: satellite, cellular, and Ethernet
  • Ensures reliable data transmission from any point in the system

User Interface and Configuration

  • Simplifies installation and use by handling all user interface configuration
  • Enables easy implementation of modern SCADA systems for utilities of any size

Real-Time Alerts and Analytics

  • Delivers real-time alerts and advanced analytics to enhance system efficiency
  • Monitors equipment health status and detects issues like leaks and anomalies

Strategic Partnerships

  • Partners with companies like RAFA Systems to integrate advanced control capabilities
  • Offers specialized solutions addressing unique challenges faced by municipal water utilities High Tide Technologies' core technology aims to provide comprehensive, user-friendly, and reliable monitoring and control solutions for utility management, suitable for organizations of various sizes and complexities.

Industry Peers

High Tide Inc. (HITI), operating in the cannabis industry, can be compared to peers within its sector and the broader healthcare and pharmaceutical industries:

Cannabis Industry Peers

  • While specific direct peers are not listed in the sources, High Tide's performance stands out in the cannabis industry
  • Many competitors struggle with profitability and negative tangible net worth
  • High Tide's strong financial metrics, including rapid revenue growth and profitability, set it apart

Broader Healthcare and Pharmaceutical Sector

For general valuation and performance comparisons, High Tide is sometimes grouped with companies in the healthcare sector, including:

  • OptiNose, Inc. (OPTN)
  • Rani Therapeutics Holdings, Inc. (RANI)
  • Cardiol Therapeutics Inc. (CRDL)
  • BioStem Technologies, Inc. (BSEM)
  • Assertio Holdings, Inc. (ASRT) These companies, while not direct competitors in the cannabis market, provide context for High Tide's performance within the broader healthcare industry.

Industry Position

High Tide's distinguishing factors include:

  • Strong financial metrics and rapid revenue growth
  • Profitability in a challenging market
  • A robust balance sheet
  • Strategic acquisitions
  • Superior store performance These factors position High Tide favorably for continued growth and market share gains within the cannabis industry. The company's success in a sector where many peers struggle highlights its strong business model and effective strategy.

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