The Globe and Mail reports in its Friday edition that Echelon Partners analyst Andrew Semple has reaffirmed his "speculative buy" recommendation for High Tide. The Globe's David Leeder writes in the Eye On Equities column that Mr. Semple cut his Street-high share target to $8 from $9. Analysts on average target the shares at $6.50. After "another strong" quarterly beat that topped expectations, Mr. Semple says High Tide "remains a standout in the Canadian cannabis industry." Mr. Semple says in a note: "It is one of a few cannabis companies in Canada to sustain growing positive EBITDA while maintaining clear growth drivers ahead (near-to-medium term from the ongoing deployment of the discount club model and long-term from the expansion into the German/American markets upon possible legalization). High Tide remains our highest conviction investment idea in Canadian cannabis. We note the potential for additional upside to our forecast as High Tide could potentially draw down additional debt to reaccelerated growth, and with further updates to the discount club model progress. ... High Tide has now beat revenue estimates for seven consecutive quarters and reported its 13th straight quarter of positive adj. EBITDA."