High Tide Inc (HITI) News

50 dma still at .57 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 2.94 US, Down today.
Close $2.94 US, Down today.
Volume was slightly more than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Will there be a notable close on 12/30/24 ? ? ?
News announcèd Wednesday.
Price Down & lower consolidation staircase step downward continues.
. Another leg up coming? Yes, after more consolidation at lower levels, as big enough news hasn't hit yet & tax loss selling continues, imo.
Time will tell...

50 dma now up to .57 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.11 US, uP today.
Close $3.02 US, Down today.
Volume was slightly more than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Will there be a notable close on 12/30/24 ? ? ?
News announcèd today.
Price Down & lower consolidation staircase step.
. Another leg up coming? Yes, after more consolidation, as big enough news hasn't hit yet, imo.
Time will tell...

https://finance.yahoo.com/news/high-tide-open-two-canna-110000614.html

My guess is tax loss selling will close the gap at $4Cdn and when the error made in the US becomes apparent the good Canadian companies will go up steadily. Just my opinion

50 dma still at .55 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.08 US, Down today.
Close $3.03 US, Down today.
Volume was less than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Will there be a notable close on 12/30/24 ? ? ?
News announcèd last week on Tuesday.
Price Down & lower consolidation channel continued to form today in what looks to be the 3.00-3.15 area.
. Another leg up coming? Yes, after more consolidation, or if big enough news hits, imo.
Time will tell...

50 dma now up to .55 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.18 US, uP today.
Close $3.14 US, Down today.
Volume was less than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Will there be a notable close on 12/30/24 ? ? ?
News announcèd last week on Tuesday.
Price Down & lower consolidation channel continued to form today in what looks to be the 3.10-3.25 area.
. Another leg up coming? Yes, after more consolidation, or if big enough news hits, imo.
Time will tell...

50 dma now up to .54 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.13 US, Down today.
Close $3.19 US, uP today.
Volume was less than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Will there be a notable close on 12/30/24 ? ? ?
News announcèd Tuesday.
Price uP & lower consolidation channel continued to form today in what looks to be the 3.05-3.25 area.
. Another leg up coming? Yes, but probably not until next week, after today's MM short interest report, imo.
Time will tell...
Happy weekend to all !!

50 dma now up to .52 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.18 US, Down today.
Close $3.14 US, Down today.
Volume was less than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Will there be a notable close on 12/30/24 ? ? ?
News announcèd Tuesday.
Price Down more & lower consolidation channel continued to form today in what looks to be the 3.10-3.25 area, but there's still 1 more trading day before the report is due.
. Another leg up coming? Yes, but probably not until next week, after this Friday's MM short interest report, imo.
Time will tell...

50 dma now up to .51 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.20 US, Down today.
Close $3.18 US, Down today.
Volume was slightly less than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Will there be a notable close on 12/30/24 ?...
News announcèd Tuesday. Price way Down & consolidation channel start lowered today considerably. Another leg up coming? Yes, but probably not until next week, after this Friday's MM short interest report, imo.
Time will tell...

50 dma now up to .50 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.33 US, Down today.
Close $3.43 US, Down today.
Volume was less than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Will there be a notable close on 12/30/24 ?...
News announcèd today. Price Down & consolidation continuing today in the 3.30 to 3.50 channel. Another leg up coming? Yes, but probably not until next week, after this Friday's MM short interest report, imo.
Time will tell...

News today:

https://finance.yahoo.com/news/high-tide-open-75th-canna-110000807.html

50 dma now up to .49 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.48 US, uP today.
Close $3.465 US, uP today.
Volume was less than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Will there be a notable close on 12/30/24 ?...
Global expansion news announcèd last week on Monday. Price uP & consolidation continuing today in the 3.30 to 3.50 channel. Another leg up coming? Yes, but probably not until next week, after this Friday's MM short interest report, imo.
Time will tell...

50 dma now up to .46 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.43 US, uP today.
Close $3.45 US, uP today.
Volume was less than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Will there be a notable close on 12/30/24 ?...
Global expansion news announcèd Monday. Price Down & consolidation continuing today in the 3.30 to 3.50 channel. Another leg up coming?
Time will tell...
Happy weekend, all !

https://www.marijuanamoment.net/canadas-marijuana-legalization-law-effectively-shifts-people-away-from-illicit-market-while-youth-use-remains-steady-government-report-shows/

50 dma now up to .44 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.38 US, Down today.
Close $3.29 US, Down today.
Volume was less than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Will there be a notable close on 12/30/24?...
Global expansion news announcèd Monday. Price Down & consolidation continuing today. Another leg up coming?
Time will tell...

50 dma now up to .42 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.46 US, Down today.
Close $3.48 US, Down today.
Volume was less than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Global expansion news announcèd Monday. Price finally Down & taking a breather consolidating today. Another leg up coming?
Time will tell...

50 dma now up to .40 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.48 US, uP today.
Close $3.53 US, uP today.
Volume was more than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Up on global expansion news announcèd Monday. Will price continues climbing? Yes, so far...
Time will tell...

50 dma now up to .38 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.45 US, uP today.
Close $3.48 US, uP today.
Volume was triple the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Up on global expansion news announcèd today. Will price continues climbing?
Time will tell...

https://finance.yahoo.com/news/high-tide-marks-cyber-monday-110000014.html

HITI...........................https://stockcharts.com/h-sc/ui?s=HITI&p=W&b=5&g=0&id=p86431144783..

50 dma now up to .37 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.14 US, uP today.
Close $3.26 US, uP today.
Volume was almost double the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Really nice 13.99% bounce up today on high volume!
Recent consolidation was in the
2.80-3.00 channel, but now price is well above that very saturated channel. Good buying opportunities continue, imo.
Time will tell...
Happy weekend to all !!!

50 dma still at .34 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 2.87 US, Down today.
Close $2.86 US, uP today.
Volume was a little less than average today.
$3 US VWAP close achieved on 10/29.
Then came the US Election market drag-down on most mj stocks.
Does it close even close to $3 US this week on a bounce? I say yes, considering the recent move up.
Recent consolidation was below the
2.80-3.00 channel, but now it's back up in that channel. Good buying opportunities continue.
Time will tell...
Happy Thanksgiving to all celebrating.

50 dma now up to .34 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 2.89 US, uP today.
Close $2.80 US, Down today.
Volume was more than average today.
$3 US VWAP close achieved on 10/29.
Then came the US Election market drag-down on most mj stocks.
Does it close even close to $3 US this week on a bounce? I say yes, considering yesterday's bounce up.
Recent consolidation was below the
2.80-3.00 channel, but now it's back up in that channel%. Good buying opportunities continue.
Time will tell...

I just got this email from the DEA today:

Media Advisory
DEA to Hold Hearing on the Rescheduling of Marijuana
WASHINGTON – Formal hearing proceedings regarding the proposed rescheduling of marijuana will begin on December 2, 2024 at 9:30 A.M. ET in the North Courtroom at DEA Headquarters located at 700 Army Navy Drive, Arlington, VA. This preliminary hearing will serve as a procedural day to address legal and logistical issues and discuss future dates for the evidentiary hearing on the merits. No witness testimony will be offered or received at this time.
In-person attendance is limited to designated participants and credentialed members of the media who have received confirmation of their in-person attendance.

WHAT: Commencement of formal hearing proceedings regarding the proposed rescheduling of Marijuana

WHO: Open to designated participants and designated credentialed members of the media.

WHEN: December 2, 2024

9:30 a.m. to 5:00 p.m.

WHERE: DEA Headquarters

700 Army Navy Drive

Arlington, VA 22202

North Courtroom

FOR MEMBERS OF THE PUBLIC: Members of the public will have access to the court sessions virtually at www.DEA.gov/live.

FOR NEWS MEDIA: News media wishing to attend in person must RSVP to DEAPress@dea.gov by 10 a.m. on November 29, 2024. Due to limited capacity, RSVPs will be accepted on a first come, first served basis.

Designated members of the media should arrive no later than 9:00 a.m. on December 2 and follow all security screening procedures. Media credentials are required to be visible while inside DEA Headquarters. Video and audio recordings are not permitted at any time inside the courtroom.

Background:

On May 21, 2024, the Department of Justice proposed to transfer marijuana from Schedule I of the Controlled Substances Act to Schedule III of the CSA, consistent with the view of the Department of Health and Human Services that marijuana has a currently accepted medical use as well as HHS's views about marijuana's abuse potential and level of physical or psychological dependence. The CSA requires that such actions be made through formal rulemaking on the record after opportunity for a hearing. If the transfer to Schedule III is finalized, the regulatory controls applicable to Schedule III controlled substances would apply, as appropriate, along with existing marijuana-specific requirements and any additional controls that might be implemented, including those that might be implemented to meet U.S. treaty obligations. If marijuana is transferred into Schedule III, the manufacture, distribution, dispensing, and possession of marijuana would remain subject to the applicable criminal prohibitions of the CSA. Any drugs containing a substance within the CSA's definition of “marijuana” would also remain subject to the applicable prohibitions in the Federal Food, Drug, and Cosmetic Act. For more information, visit www.DEA.gov.

50 dma now up to .33 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 2.76 US, uP today.
Close $2.91 US, uP today.
Volume was almost double the average today.
$3 US VWAP close achieved on 10/29.
Then came the US Election market drag-down on most mj stocks.
Does it close even close to $3 US this week on a bounce? I say yes, considering today's bounce up.
Recent consolidation was below the
2.80-3.00 channel, but now it's back up in that channel on a high-volume rise today. Good buying opportunities continue.
Time will tell...

Forget about Gaetz,
Pam Bondi is now the newly appointed AG.

50 dma now up to .32 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 2.63 US, Down today.
Close $2.65 US, Down today.
Volume was less than average today.
$3 US VWAP close achieved on 10/29.
Then came the US Election market drag-down on most mj stocks.
Does it close even close to $3 US this week on a bounce? Maybe, due to news of Matt Gaetz being appointed AG, but not confirmed yet.
Recent consolidation was in the
2.80-3.00 channel. Lower now, but will move up eventually. Good buying opportunities continue.
Time will tell...
Happy weekend to all !

50 dma still at .31 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 2.70 US, Down today.
Close $2.67 US, uP today.
Volume was less than average today.
$3 US VWAP close achieved on 10/29.
Then came the US Election market drag-down on most mj stocks.
Does it close even close to $3 US this week on a bounce? Maybe, due to news of Matt Gaetz being appointed AG, but not confirmed yet.
Recent consolidation was in the
2.80-3.00 channel. Lower now, but will move up. Good buying opportunities continue.
Time will tell...

50 dma now now up .31 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 2.71 US, uP today.
Close $2.66 US, Down today.
Volume was less than average today.
$3 US VWAP close achieved on 10/29.
Then came the US Election market drag-down on most mj stocks.
Does it close even close to $3 US this week on a bounce? Maybe, due to news of Matt Gaetz being appointed AG, but not yet.
Recent consolidation was in the
2.80-3.00 channel. Lower now, but will move up. Good buying opportunities continue.
Time will tell...

50 dma now still at .30 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 2.64 US, uP today.
Close $2.67 US, uP today.
Volume was much less than average today.
$3 US VWAP close achieved on 10/29.
Then came the US Election market drag-down on most mj stocks.
Does it close even close to $3 US this week on a bounce? Maybe, due to news of Matt Gaetz being appointed AG, but not yet.
Recent consolidation was in the
2.80-3.00 channel. Lower now, but will move up. Good buying opportunities continue.
Time will tell...

50 dma now still at .30 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 2.60 US, Down today.
Close $2.57 US, Down today.
Volume was much less than average today.
$3 US VWAP close achieved on 10/29.
Then came the US Election market drag-down on most mj stocks.
Does it close even close to $3 US this week on a bounce? Maybe, due to news of Matt Gaetz being appointed AG, but not yet.
Recent consolidation was in the
2.80-3.00 channel. Lower now, but will move up. Good buying opportunities continue.
Time will tell...

50 dma now up to .30 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 2.63 US, Down today.
Close $2.59 US, Down today.
Volume was much less than average today.
$3 US VWAP close achieved on 10/29.
Then came the US Election market drag-down on most mj stocks.
Does it close even close to $3 US this week on a bounce? Maybe, due to news of Matt Gaetz being appointed AG, but not yet, as MMs kept it low to cover their shorts before today's short interest report due at end of day, imo.
Recent consolidation was in the
2.80-3.00 channel. Lower now, but will move up. Good buying opportunities continue.
Time will tell...
Happy weekend to all!
Go Chiefs !

50 dma now holding at .28 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 2.69 US, Down today.
Close $2.67 US, Down today.
Volume was much less than average today.
$3 US VWAP close achieved on 10/29.
Then came the US Election market drag-down on most mj stocks.
Does it close even close to $3 US this week on a bounce? Maybe, due to news of Matt Gaetz being appointed AG, but not yet, as MMs keep it low to cover their shorts before tomorrow's short interest report is due, imo.
Recent consolidation was in the
2.80-3.00 channel. Lower now, but moving up. Good buying opportunities continue.
Time will tell...

50 dma now up to .28 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 2.70 US, uP today.
Close $2.73 US, uP today.
Volume was more than average today.
$3 US VWAP close achieved on 10/29.
Then came the US Election market drag-down on most mj stocks.
Does it close even close to $3 US this week on a bounce? Maybe, due to news of Matt Gaetz being appointed AG.
Recent consolidation was in the
2.80-3.00 channel. Lower now, but moving up. Good buying opportunities continue.
Time will tell...

MJ stocks popped up eod on Matt Gaetz appointment to AG:

https://www.wsj.com/politics/policy/matt-gaetz-attorney-general-trump-fa28c323

50 dma now up to .27 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 2.62 US, Down today.
Close $2.69 US, uP today.
Volume was slightly less than average today.
$3 US VWAP close achieved on 10/29.
Then came the US Election market drag-down on most mj stocks.
Does it close even close to $3 US this week on a bounce?
Recent consolidation was in the
2.80-3.00 channel. Lower now. Good buying opportunities continue.
Time will tell...

50 dma now up to .26 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 2.63 US, Down today.
Close $2.65 US, Down today.
Volume was HUGE today!
$3 US VWAP close achieved on 10/29.
Then came the US Election market drag-down on most mj stocks.
Does it close even close to $3 US this week on a bounce?
Recent consolidation was in the
2.80-3.00 channel. Lower now. Good buying opportunities continue.
Time will tell...

The US fumble works in Hitide’s favour

50 dma now up to .25 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 2.77 US, uP today.
Close $2.75 US, uP today.
Volume was about average today!
$3 US VWAP close achieved on 10/29.
Then came the US Election market drag-down on most mj stocks.
Does it close even close to $3 US next week on a bounce?
Recent consolidation was in the
2.80-3.00 channel.
Today's upward move was another minor bounce step in the right direction
Time will tell...
Happy weekend to all !

50 dma still up to .23 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 2.67 US, uP today.
Close $2.72 US, uP today.
Volume was HUGE again today!
$3 US VWAP close achieved on 10/29.
Then came the US Election market drag-down on most mj stocks.
Does it close even close to $3 US this week on a bounce?
Recent consolidation was in the
2.80-3.00 channel.
Today's upward move was a minor bounce step in the right direction
Time will tell...

50 dma now up to .23 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 2.66 US, Down today.
Close $2.66 US, Down today.
Volume was HUGE today!
$3 US VWAP close achieved on 10/29.
Today came the US Election market drag-down on most mj stocks.
Does it close even close to $3 US this week on a bounce?
Recent consolidation was in the
2.80-3.00 channel.
Today's downward move was a reaction step in the wrong direction, imho, but recoverable.
Time will tell...

50 dma now up to .21 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 2.86 US, Down today.
Close $2.97 US, uP today.
$3 US VWAP close achieved on 10/29.
Does it close above $3 US this week?
Recent consolidation in the
2.80-3.00 channel.
Today's upward move was a step in that direction, imho.
Time will tell...
Way to go Chiefs!

50 dma now up to .20 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 2.94 US, up today.
Close $2.91 US, up today.
$3 US VWAP close achieved on 10/29.
Does it close above $3 US this week?
Today's high was 3.01.c
Today's upward move was a step in that direction, imho.
Time will tell...
Go Chiefs!

50 dma now up to .18 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 2.88 US today.
Close $2.87 US today.
$3 US VWAP close achieved on 10/29.
Does it close above $3 US next week now that the end-of-month MM downward pressure stopped yesterday, and for a while after?
Friday's reversal upward was a step in that direction, imho.
Happy weekend to all !

50 dma now up to .17 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 2.86 US today.
Close $2.81 US today.
$2.90 US afterhours today.
$3 US VWAP close achieved on 10/29.
Does it close above $3 this week when the end-of-month MM short interest report deadline approaches?
Not yet.., more likely Friday, imho.
Trick or treat?
Time will tell...

50 dma now up to .16 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 2.93 US today.
Close $2.87 US today.
$3 US VWAP close achieved on 10/29.
Slight drop in the consolidation range today.
Does it close above $3 this week when the end-of-month MM short interest report deadline approaches?
Not yet...maybe Thursday, more likely Friday, imho.
Trick or treat?
Time will tell...

50 dma now up to .15 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.00 US today.
Close $2.95 US today.
$3 US VWAP close achieved today.
Consolidating slight drop today.
Does it close above $3 this week when the end-of-month MM short interest report deadline approaches?
Not yet...maybe Thursday.
Trick or treat?
Time will tell...

50 dma now up to .14 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 2.97 US today.
Close $2.97 US today.
$3+ US close achieved last week.
Consolidating drop today.
Does it close above $3 this week when the end-of-month MM short interest report deadline approaches?
Not yet...maybe Thursday.
Trick or treat?
Time will tell...

HITI..............................https://stockcharts.com/h-sc/ui?s=HITI&p=W&b=5&g=0&id=p86431144783

50 dma now up to .12 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.05 US today.
Close $3.02 US today !
$3+ US close this week achieved!
Does it stay above $3 next week when the end-of-month MM short interest report deadline approaches?
Trick or treat?
Time will tell...
Happy weekend to all !