RE:RE:HITI vs FAFThey also sell wholesale accessories in Canada. I've seen some Famous Brandz bongs at headshops, though I'm not sure which, if any, Canadian cannabis retailers sell their accessories also other than their own retail stores. But that's good too. If they can increase their accessory sales in their own stores, it adds quite a bit of profit to the bottom line since accessories have 40-80% margins. Much better than cannabis itself.
antonaki1 wrote: I would say the major advantage HITI has over FAF and pretty much all other retailers is their ancillary business. They sell much of it on line in the States where it accounts for almost 25% of it's overall revenues.
Since they have several famous celebrities licenced to those products and manufacture most of them themselves(ie Bongs etc) that differentiates them, giving them a distinct proprietary advantage that others can't easily emulate.
That advantage also gives them the lead as far as entry into the US cannabis market once it is legalized because of their ever growing customer base.
With all the progress now being made by the Democrats in descheduling cannabis from level one, speculation is really heating up in all cannabis names with some reach into the US market.
Digger20 wrote: Looks like there's really only two big retail players left in Canada HITI and FAF maybe a third I'm not entirely sure to be honest. Does anybody have some insight or knowledge on how these two compare as far as fundamentals go. I know HITI is turning a profit. Anything else ?
I own a fair amount of HITI shares and and another looking to add some warrants
just wondering how the competition measures up.
Thanks in advance