Why Is High Tide Stock Gaining Tuesday?

High Tide (NASDAQ: HITI) stock surged 13.11% on Tuesday following strong Q2 earnings with record revenue of $130.7 million (up from $96.9 million YoY) and adjusted earnings of 1 cent per share versus a 3-cent loss a year prior. The cannabis retailer also announced the acquisition of four Northern Helm stores in Ontario for approximately 7.74 million Canadian dollars and secured a new 40 million Canadian dollar credit facility from Bank of Montreal.