High Tide Inc V.HITI

Alternate Symbol(s): HITI

High Tide Inc. is a retail-focused cannabis company. Its segments include Bricks-and-mortar and E-commerce. Bricks-and-mortar operations includes the Canadian bricks-and-mortar locations, inclusive of the Canadian warehouse which supports the distribution of accessories and other items to the Canadian stores. Its E-commerce operations include the Company’s United States and international subsidiaries, inclusive of the United States warehouse which supports the distribution of accessories and other items to the United Sates and international subsidiaries. Bricks-and-mortar sales are conducted under the Company’s Canna Cabana brand, CBD product sales are conducted online under the FABCBD, Blessed CBD and NuLeaf brands, and online sales through e-commerce platforms are conducted under the Company’s Grasscity, Smoke Cartel, Daily High Club and Dankstop brands. Its brand Queen of Bud sells products across Canada both direct to consumers and through third-party licensed cannabis stores.

TSXV:HITI - Post by User

High Tide Inc

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Post by PotLuck444on Aug 25, 2020 6:33pm

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Here is Why the Downswing....

High Tide Inc
Symbol	HITI
Shares Issued	236,380,280
Close 2020-08-24	C$ 0.195

Globe says Desjardins'´l2020-08-25 08:22 ET - In the News

See In the News (C-META) Meta Growth Corp

The Globe and Mail reports in its Tuesday edition that Desjardins Securities analyst John Chu moved his rating on Meta Growth to "tender" from "buy," and cut his share target to 14 cents from 25 cents, following High Tide's offer to buy the Canadian retailer of legal recreational cannabis. The Globe's David Leeder writes in the Eye On Equities column that Mr. Chu says in a note: "While our previous target of 25 cents suggests significant upside potential, it is predicated on Meta winning a significant number of retail licences in the next 24 months, which thus far in 2020, it has not done. With the uncertainty and risk of having to consistently win new retail licences and the sales pressure of its Alberta stores, the offer value seems fair." Meta shareholders will receive 0.824 of a common share of High Tide for each Meta share. This equates to about 13.3 cents a share. Meta's board is in full support of the offer. Echelon Partners analyst Andrew Semple says, "We believe this offer represents a continuation of the Meta Growth thesis in a larger and stronger platform, and therefore recommend Meta shareholders vote to approve the arrangement agreement at the special shareholder meeting to be held in October."

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