Canada’s Top CEO Raj Grover Talks Cannabis and the Future of Retail: Here’s How to Meet Him in Person High Tide (NASDAQ:HITI)

Benzinga Cannabis Capital ConferenceThe world’s largest gathering of cannabis decision makers, founders and investors returns to Miami Beach, Florida April 11-122023 and Raj Grover, will be High Tide’s President and CEO. High tide ink Hitty is Canada’s largest non-franchised retailer of recreational cannabis, so you won’t want to miss what they have to say about the industry.

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Since starting his first company at age 22, Grover has established himself as one of Canada’s leading business strategists and deal-makers. Through organic growth and strategic acquisitions, Raj grew High Tide from a small shop with 2 employees in 2009 to Canada’s largest cannabis retailer with over 1,450 amazing team members and business interests spanning North America and Europe .

“We are now looking to expand into Germany and the USA – where we have offices in Las Vegas and Denver. Provided the legalization process in Germany goes smoothly, we anticipate retail sales of cannabis to begin in 2024,” Grover told Newsweek, However, when it comes to expanding to the US, it’s still an “uphill battle” due to a lack of regulation, Grover said. recently told Benzinga.

Raj also led World Vision’s support of High Tide, which has seen the company sponsor an increasing number of children from developing countries. “On a personal level, Raj has also been a long-time supporter of Operation Smile, an organization that works to provide free, safe cleft surgery to children to save them a lifetime of pain and isolation,” Per His LinkedIn profile.

Expansion of High Tide’s business model in Europe

Founded in 2009, HiTi established NuLeaf Naturals, its international CBD brand and cannabinoid wellness company, in the Canadian market. Company acquired Netherlands based grass city In 2018 and entered the UK market with the acquisition of BlessedCBD.

recent high tide Free Its 2022 fiscal revenue grew 97% to CA$356.9 million ($265.4 million) for the year ending October 31, 2022, and grew 14% sequentially to CA$108.2 million in the fourth quarter of 2022.

“High Tide continues to strengthen the Canadian retail industry, and management is pointing to 50% sales growth this calendar year, on the back of 4-5% seq same-store sales growth, and other By adding 40-50 stores,” Said Pablo Juanic of Cantor Fitzgeraldwho maintained ‘neutral’ rating on Hi Ti’s stock, reduced the price target to $2.7 from CA$2.75 ($2.03).

Juanic is also a speaker in April Cannabis Capital Conference in miami.

meet grover and gambling personally as well as other engaging leaders in the cannabis industry Benzinga Cannabis Capital Conference But Miami Beach’s Historic Fontainebleau Hotel in Florida on April 11-12. It’s a place to close deals, raise money, jumpstart M&A, and meet investors and key partners. secure your stamp Now before the prices go up.

Image Credits: LinkedIn edited by benzinga

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