nasdaq hitii would like your guys opinion here ....ive been thinking nasdaq probably has a minimum share price probably a buck US ...here is this canadian retailer at 23 cents US applying to be listed...crazy huh? or is it....conspiracy time...could this just be a ploy to raise eyebrows of investing institutions to take a deeper look into this brazen little 23cent US a share company? i think so...with 90 plus stores either open or in the works { including meta proposed ontario locations according to the AGCO } we are in a pandemic brick and morter are hurting yet is hiti got a strong financle profile? vetran company with capitol and cannabis retail.. dominating presance in canada with the fastest growing new commodity ....i think applying for the listing was to raise eyebrows and put them firmly on the radar...in the quarterly results to show a profit or a miniscule loss due to covid...a seasoned investment firm could be very very interested in a company like this speculation of bigger profits post covid ....
as for consolidation {reverse split} could send the wrong message especially for brick and mortar retail during a pandemic could make these institutions think we are on the ropes and gasping for air to stay alive..... i would not even consider consolidation till the share price in in the 1 buck range ....this cannabis retail is in its infancy and we have quite possibly 2 full years of sporadic shutdowns due to covid.......thats my opinon what do you guys think?