Doug Cooper's questions to High Tide Inc (HITI) leadership • Q3 2024
Question
Doug Cooper inquired about the drivers behind the lower amortization and interest expenses that contributed to net income, and questioned the performance of data sales.
Answer
President and CEO Harkirat Grover explained that amortization is decreasing as assets from the 2020 META acquisition become fully amortized, while interest expense is falling due to debt repayment. Grover, with clarification from CFO Mayank Mahajan, corrected that data and other revenue actually grew 1% sequentially to $9.0 million, driven by the expanding store network and new customer additions to the Cabananalytics platform.