Redditors Are Buying This Under-The-Radar Cannabis Stock

We recently published 10 Best Small-Cap Stocks With Huge Potential According to Reddit as Market Looks Beyond AI Trade. High Tide Inc (NASDAQ:HITI) is one of the best small-cap stocks according to Redditors.

High Tide Inc (NASDAQ:HITI) is a Canadian company engaged in the cannabis retail business in Canada. Over the past year, the stock is down 13%.

A Redditor, while making the case of the company, said that it can develop a “Costco-like” business model in the future based on memberships. Redditors are also hopeful that the stock will benefit amid easing restrictions on Cannabis in North America. In September, the company posted quarterly revenue of about $149.7 million, beating the Street’s view of $106.5 million.

While we acknowledge the risk and potential of HITI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HITI and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.