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.

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High Tide Inc

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Post by Charlotteon Mar 12, 2021 10:49am

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Post# 32784982

RAJ HITI DISCUSSION

OSTERS: Please read questions before asking yours - duplicates, or those very similar to one already asked simply make noise. We'll remove anything that's already been asked. Thank you for understanding :)

EDIT!!!!

Due to the volume of questions and time available....we are locking this thread until start time. Thanks to all who have participated....see you tomorrow!

EDIT 2

AND.......that's a wrap. A sincere 'Thank You' to Raj from High Tide!

Vote

level 1

idhitthat

6 days ago

What’s the status of the nasdaq up listing? Any idea about a reverse split or could the stock get to the price minimum naturally?

level 2

Raj_HighTide

1 day ago

Thanks for this question idhitthat!

I know this is top of mind for many shareholders. We had to file our year-end financials before proceeding with our 40-F form. Now that financials have been filed, we anticipate submitting this form within two weeks. We are very excited at the prospect of being listed on the Nasdaq – and believe that it can help attract even more capital and add fire to our M&A initiatives. That said, regardless of the timeline for listing, we plan to continue the momentum from 2020 and keep executing on driving the business forward.

We have not announced a share consolidation. That said, in our conversations with institutional investors and ETFs we have received feedback that they prefer to own companies that have a share price similar to the MSOs. The Board has authorized a potential rollback if we decide it is necessary given the momentum of our stock and in the best interest of shareholders.

Continue this thread

level 1

Personal-Chance-8796

5 days ago

Hey Raj,

Very thankful to have an active CEO like yourself taking the time to answer our questions.

Let me preface this by saying I love your work and the agressive acquisition strategy high tide is taking.

That being said, I've seen a reoccurring theme on websites like glass door and indeed about poor employee experience and lots of negative reviews about working at Canna Cabana.

Now as a manager of Quebec's liquor commission "SAQ", I am aware on how sensitive this topic is and how over dramatic employees tend to act in a commerce that implies alcohol/cannabis. However, I'd love to hear your thoughts on the reoccuring theme of negative reviews about working at Canna Cabana and if it's on the companies Radar.

Is there a plan of action to augment employee experience? From what I see, customer service does not seem to be impacted as Canna Cabana does offer great service. However, I'm still worried if these statements are true we might see poor service coming from frustrated employees in the future.

If you have the time to answer this second question: any news on the white label product(s)? I know you mentioned it was going to happen soon after your first bought deal so I'm assuming it's around the corner! Real excited about that and all the data collected from the Cabana club!

Keep up the great work! This was literally my only worry and even at that, I'm sure it's being taken care of.

-Anthony

level 2

Raj_HighTide

1 day ago

Thank you for a very important question related to employee satisfaction Anthony.

Our corporate culture is very important to me and is something I strive to improve every day.

Our High Tide family values every individual who works in our company. This is not just a core part of the company values, but personally important to me because I know that our success is tied to the efforts of our team and execution from all staff members.

We have a unified and accommodating culture at High Tide, and this is why we have been able to build what we have today. However, a big challenge that we must face is how to manage the exponential growth we are experiencing. As you can tell, we are a very active company, and this presents unique challenges. I am determined to get this right and am taking further steps to improve employee satisfaction which I know is key to our success as we grow.

With respect to your second question, having our own white-label brand is something we have been considering for some time. We have very close relationships with several LPs that have offered to be suppliers for our own brands, but we have been deliberate in waiting for the optimal time for three reasons:

The wholesale price of flower has kept coming down. We were not interested in trying to catch a falling knife regarding our input costs – and we put a pin in the price months ago. While prices are still falling, we are now much closer to a bottom than a freefall.
Currently, there is a lot of high-quality branded biomass available from LPs. This demonstrates that the market is in oversupply and represents another reason for caution.
The value brands entering the market are creating price compression on branded products.

So, in conclusion, we are preparing to start our white-label program but will take a methodical and measured approach. We will launch our white-label program once the market settles and we can launch a properly differentiated product in alignment with consumer demand.

level 1

mollytime

6 days ago

Hello again Raj! A pleasure to talk again, and thank you for stopping by.

Can you put some colour on your US sales, as in what do you see as the optimal sales path? Is it in online DTC (perhaps in Smoke Cartel?), or, perhaps it is in wholesale? Where do you see growth from here?
Any expectations around how the US market may grow for High Tide in the near term?
International revenue is obviously a big target for you, Europe would seem to be a likely spot for expansion as well. GrassCity being already there.... is there other near term opportunities?

level 2

Raj_HighTide

1 day ago

Can you put some colour on your US sales, as in what do you see as the optimal sales path? Is it in online DTC (perhaps in Smoke Cartel?), or, perhaps it is in wholesale? Where do you see growth from here?

Good to hear from you again, Mollytime!

Our products are in high demand. In fact, many of them are sold out because we have been experiencing temporary supply chain disruption due to pandemic.

Not to worry though, as we have taken steps to address this and expect further improvement in the supply chain as the impacts of the pandemic begin to subside. We expect our wholesale business to keep growing in the U.S. in 2021 and beyond.

Another factor that will drive our growth is the imminent onboarding of Smoke Cartel into our ecosystem. This will allow us to be able to integrate their proprietary drop-shipping technology across Grasscity and all our other e-commerce platforms, further expanding our inventory and enhancing vertical integration through cross selling opportunities.

Any expectations around how the US market may grow for High Tide in the near term?

There are indeed encouraging signs of liberalization and the potential for favourable regulatory and legislative changes in the U.S., and it’s something we are monitoring closely.

One key thing I’d like to point out is that, unlike most Canadian companies, our U.S. strategy isn’t totally reliant on legislative change. We’re not just sitting on our hands waiting for it. Our broad ecosystem, including owning and distributing accessory brands along with the distribution and retail sale of hemp derived CBD products, allows us to look at a much larger segment of the U.S. market.

In fact, we estimate that pro forma for the acquisition of Smoke Cartel, we are at an annual run rate of revenue of about $25 million currently. We will look to continue to grow this business.

Our U.S. network and relationships which have been built over 12 years are bearing fruit today. In fact, Grasscity is operating (and soon Smoke Cartel as well) within our ecosystem specifically because of these well-established relationships. We are just getting started with evaluating several great EBITDA and revenue-generating U.S. businesses which can be complementary to our existing ecosystem. Before we proceed with an acquisition, we want to take our time to ensure that they will add value and strength to our chain which includes manufacturing, ecommerce, and bricks and mortar. The market has seen examples of certain tie-ups between Canadian and U.S. cannabis companies – using options agreements as one example. Rest assured that because of our strong networks in the U.S., we are one transaction away from entering the bricks and mortar THC market – once federally permissible.

International revenue is obviously a big target for you, Europe would seem to be a likely spot for expansion as well. GrassCity being already there.... is there other near term opportunities?

The E.U. market is a huge opportunity for High Tide, especially as it relates to CBD, accessory, and broader ancillary products. We are in an excellent position to capitalize on emerging opportunities as we already have a presence in this market that can easily be scaled as market demand warrants.

Our relationships and networks in the E.U. have been amplified by Grasscity which has been operating there for over 20 years. We are working to build on this by strengthening and adding to our value chain in the E.U. so stay tuned. Because of our success we have a lot of deal flow but want to ensure that whatever we do fits into our strategic vision and maximizes shareholder value.

level 1

raw_salmon

6 days ago

I'm looking forward to this! Thank you for taking the time out to do this Raj!

level 2

Raj_HighTide

1 day ago

Thanks for being a long time believer of High Tide's vision. It's my pleasure to engage with the cannalyst community any time.

level 1

BorealBeats

6 days ago

Hi Raj, thank you for the upcoming AMA. Here is what I'm wondering and will hopefully be available to ask on the AMA date.

How is High Tide differentiated from the competiton, including Fire and Flower in particular? What are High Tides moats?
How will High Tide' various brands and retail platforms mesh and supplement each other?

level 2

Raj_HighTide

1 day ago

How is High Tide differentiated from the competiton, including Fire and Flower in particular? What are High Tides moats?

Happy to answer this question Borealbeats!

High Tide has a differentiated and broad ecosystem as compared to any other North American retailer.

Despite competing with other retailers on store counts, we are also marching ahead with our ancillary business divisions. Having the top two consumption accessory e-commerce platforms in the world, both of which are profitable and have a combined 33 million annual site visits, sets us up nicely to take advantage of U.S. federal legalization if and when it happens.

We currently manufacture more than 75 percent of the consumption accessories we sell and have proprietary and licensed accessories through Famous Brandz. All these products are a big hit with consumers and command shelf space in all retail settings, helping us further build relationships with bricks and mortar retailers, distributors, and brand manufacturers, which in turn helps us boost our growth and expands our network. Our integrated value chain is our biggest strength, and we will keep capitalizing on our winning strategy.

How will High Tide' various brands and retail platforms mesh and supplement each other?

Simply put, this will be through our diversified and fully integrated chain. All business divisions at High Tide benefit from this setup. For example, Famous Brandz/Valiant is core to our product strategy for our own retail stores, allowing us to customize and tailor products to our exact business divisions. This also helps with having access to stock and an enhanced variety of products available across our chain. Having multiple sales channels adds flexibility and is our biggest strength. Our diverse ecosystem provides layered insights regarding consumers, product categories, and markets, that we leverage across all business divisions.

level 1

eu_sou_ninguem

6 days ago

Hi Raj! Congratulations on all you've accomplished so far. Are you considering a stock purchasing plan for bud tenders? They would be more invested in the performance of the company and should be able to benefit from the coming growth.

level 2

Raj_HighTide

1 day ago

Great idea! Working on several initiatives in this regard for all employees.

level 1

GoBlueCdn

 														cash cows to feed the pigs

6 days ago

Raj

So glad to have you here. We have been following your progress and you have made a lot of it.

Alcanna decided to go value value value in Alberta.

Have you noticed any impact of same as of yet? And do you think the strategy is viable in Alberta or any other market in Canada?

I’ll have more Q’s.

GoBlue

level 2

Raj_HighTide

1 day ago

Great to hear from you again and thanks for the follow on Twitter!

We are very aware of our competition in Alberta and other markets. There are always value players in any industry. Our industry leading Canna Cabana concept revolves around the convenient one-stop-shop experience for our customers, that includes an unparalleled selection of consumption accessories at unbeatable prices and features our educated and well-informed budtenders – coupled with our industry leading Cabana Club loyalty program where we provide our loyal customers a cash discount on every purchase. We are also focused on strategic promotions that appeal to value consumers without jeopardizing our wide variety of cannabis products or impacting the margin profile across our core SKUs. These features have led to over 50% of our daily transactions arising from our Cabana Club members.

Despite this, it is important for me to be upfront with shareholders. Sales have been impacted in both Alberta and Ontario because of Covid lockdowns, inclement weather, and an increasingly competitive landscape.

We are taking further steps to strengthen our position against our competitors by creating our own retail value brand which we will launch shortly in target markets where appropriate. I can confirm that our plan is in the works and will be announced within 60 days. In the meantime, we continue to strengthen our unique concept, which is very well-received, as evidenced by the strength of our repeat customer numbers. We are also leveraging an aggressive accessories strategy that is being implemented across locations right now to further fortify stores.

level 1

Chitchatketnet

3 days ago

Hey Raj,Thank you for doing this. There are a few questions I have for you. With over 200k shares I am most interested in:

What are your long term goals in terms of net profit with respect to your revenue, thus what percentage are you aiming for? 10%, 12%?
Do you experience a lot severe deduction of taxes higher than other consumable goods? Like alcohol for instance? In other words, is there taxes that we could get rid of if the cannabis industry becomes more of a habit in the culture?
Have you tried teaming up with fire and flower, a merger? It could wipe away all of the competitors and throw the combined entity to be seen as overall winner.
What happened in Q3 results why was the net income so much higher than Q4? It seemed like you gained a lot on debentures and some re-evaluation of a marketable security? Is that the same as what happened this quartile with all debentures being swapped for shares? Thus gaining money of off these.What was the re-evaluation of a marketable security? which is about 1.663M which was a loss in Q2 but a gain in Q3.

Thank you very much, congratulations on the results and hope you guys are staying safe.

level 2

Raj_HighTide

1 day ago

What are your long term goals in terms of net profit with respect to your revenue, thus what percentage are you aiming for? 10%, 12%?

Thanks for being a shareholder Chitchatketnet!

Our consolidated projections for EBITDA margin after the META acquisition are between 10% and 15% over the long-term.

Do you experience a lot severe deduction of taxes higher than other consumable goods? Like alcohol for instance? In other words, is there taxes that we could get rid of if the cannabis industry becomes more of a habit in the culture?

We have a strong government relations team that collaborates with several industry associations to help ensure that government policies continuously evolve to strengthen the profitability of the industry. Excessive taxation only benefits the illicit market. That being said, our business model is designed to ensure profitability regardless of the regulatory and taxation environment in the jurisdictions where we operate.

Have you tried teaming up with fire and flower, a merger? It could wipe away all of the competitors and throw the combined entity to be seen as overall winner.

We are always on the lookout for strategic acquisition opportunities that can bolster our position in target markets.

What happened in Q3 results why was the net income so much higher than Q4? It seemed like you gained a lot on debentures and some re-evaluation of a marketable security? Is that the same as what happened this quartile with all debentures being swapped for shares? Thus gaining money of off these. What was the re-evaluation of a marketable security? which is about 1.663M which was a loss in Q2 but a gain in Q3.

At this stage of our company’s growth, we are more focused on EBITDA as we believe it best represents the company’s underlying operations. Our income statement has some non-cash items particularly related to convertible debentures which can cause fluctuations to the net income line either way in any given quarter.

The non-cash gain in Q3 was a result of restructuring $10.8 million of debt into an interest free debenture due in 2025. The gain results from re-valuing the debt which has a longer maturity and no interest.

The re-evaluation of a marketable security was related to the asset sale agreement with Halo Labs where part of consideration was in shares. With any marketable security, we have fair value each quarter to account for the change in market price.

level 1

Cedric_Skyledge

6 days ago

Hey Raj.
First of all, I would like to congratulate you and your team for such a phenomenal FY20 and for building such a strong and distinguished entreprise.

My question is: Do you plan on bringing the Canna Cabana banner in the USA?

Thanks for everything you do.
Cdric from Quebec.

level 2

Raj_HighTide

1 day ago

Hi Cedric,

Canna Cabana is a well-loved brand in Canada. We want to leverage this goodwill and momentum along with our unique one-stop-shop concept.

Right now, our focus is on expanding our e-commerce footprint related to consumption accessories and hemp derived CBD products in the United States because that is what is currently legal federally. We are monitoring the legislative situation closely and will be able to enter the bricks and mortar retail space as soon as federal law allows. Our Canna Cabana one-stop-shop concept is so unique we feel it will be well received in the US when/if legalization happens federally.

level 1

DillWalton13

5 days ago

Hi Raj, thank you for actively engaging with your wider investor community.

I have a few questions, firstly is in regards to acquisitions, now Meta and Smoke Cartel are sorted what is the criteria you are looking at for any future M&A? For example is it to broaden your product portfolio or is to firm your foundations in the US?

As with any small company demand can sometimes overtake supply, how are you as company scaling up your supply chain to keep up with this rapid growth?

Finally do you have any projections on the size of the US market following legalisation?

Thanks

level 2

Raj_HighTide

1 day ago

Hi there DillWalton13!

While we are pursuing growth through both organic expansion and M&A in Canada, the U.S. market presents very exciting opportunities for High Tide today. We are looking at opportunities related to e-commerce and distribution infrastructure in the ancillary markets such as accessories and hemp derived CBD. We have massive deal flow in both the U.S. and E.U.

As with any small company demand can sometimes overtake supply, how are you as company scaling up your supply chain to keep up with this rapid growth?

Our 12 years of experience in manufacturing and logistics has been a driving factor behind why we have been able to achieve sustained growth in these challenging times. Now that we can see light at the end of the tunnel with the pandemic subsiding, we see opportunities to further strengthen and align our infrastructure. We can leverage our existing presence in international markets like the E.U., China, and North America to continue to further strengthen our infrastructure.

Finally do you have any projections on the size of the US market following legalization?

Well, we know that the U.S. population is ten times the size of Canada’s. Most analysists expect the U.S. market to be over $100 billion upon maturity.

level 2

UKInvestor95

5 days ago

Good questions @DillWalton13

One build on the supply chain question, how do you plan to scale up the supply chain and expand the supply chain internationally in a cost efficient way to protect margins?

Continue this thread

level 1

Humble_Moment7015

3 days ago

Hi Raj. My first question is about the international market, so mexico en for example germany will potentially legalize weed quicker than the US, so what is the next step to grow internationally for example in Mexico maybe or in Europe?

My second question is about the stores in Canada, how is this going? You said, high tide expects 115 stores at the end of the year, still going like you and the others planned?

Thx Raj!

level 2

Raj_HighTide

1 day ago

My first question is about the international market, so mexico en for example germany will potentially legalize weed quicker than the US, so what is the next step to grow internationally for example in Mexico maybe or in Europe?

Thanks for the question Humble_Moment7015

We are first and foremost focused on taking full advantage of opportunities within Canada, the United States and Europe, including Germany. I look forward to having more to say specifically about E.U. plans in the near future.

With respect to Mexico, I feel that we are well-positioned to enter that market through our accessory businesses when the time is right.

My second question is about the stores in Canada, how is this going? You said, high tide expects 115 stores at the end of the year, still going like you and the others planned?

We have been rapidly expanding our Canadian footprint and, as of today, we now operate 75 branded retail locations in Canada! We remain committed to reaching 115 stores as soon as possible.

Unfortunately, our ability to launch new stores in Ontario was temporarily slowed due to construction restrictions related to the pandemic. As a result, we temporarily refocused our attention to Alberta, where we have been opening new stores at a rapid pace so far this year.

Our long-term growth plan focuses on Ontario where we have 26 open and in-queue locations already. Currently, no one entity can own more than 30 stores in the province until September 30, 2021. We believe that our existing network and in-queue stores position us well to reach that level by the end of September – when the cap will be lifted to 75.

We are also highly focused on the quality of our locations, not only quantity. We have learned from our experience in the much-more competitive Alberta market that it’s all about securing the best locations. This approach is an integral part of our Ontario growth strategy.

level 1

ultai_8746

3 days ago

Hi Raj

Can we have any update regarding the NASDAQ application?

Thank you

level 2

Raj_HighTide

1 day ago

Hi ultai_8746

Please see answer to this question above.

level 1

GoBlueCdn

 														cash cows to feed the pigs

5 days ago

Raj

One thing I have liked about your operation is the low corporate overhead in relation to your peers. I think your cost control on same has been a differentiator.

As you absorb META and other acquisitions, what is your target (when) to achieve elimination of duplication of expenses, and what do you foresee the quarterly run rate in $’s to be on corporate overhead component once normalized?

GoBlue

level 2

Raj_HighTide

1 day ago

Good to see you got back in line GoBlueCdn.

We are pleased with the ongoing integration of META. Adding META solidified us as a leader in Canadian cannabis retail and got us into Manitoba.

It may take some time to fully integrate and transfer everything over to the Canna Cabana banner and upgrading all META and NewLeaf stores to our differentiated one-stop-shop concept. This is a work in progress, and we expect to complete the integration by the end of this fiscal year as disclosed when the acquisition closed.

The scale that we have achieved due to the META acquisition, will help with our upcoming white-label initiatives, our Cabanalytics platform subscriptions and increase in the reach of our Cabana Club loyalty program.

As mentioned in our earnings call, our expectations for the fiscal first quarter of 2021 is for our top line to be between $37 million and $38 million – a huge step up from the $25 million we just reported. META is a key part of that.

Our core commitment is to remain profitable as we grow our operations rapidly. To do this effectively we are taking steps to ensure that we have the bench strength to sustain this trajectory which could impact margins as we successfully execute growth.

level 1

Dontreadgud

1 day ago

Hey Raj, found you guys in September and been in since $0.12

When earnings came out the website crashed, a couple days later grass city got cloned. How are we ensuring the tightest of security for online revenue streams and what additional measured does High Tide need to make?

level 2

Raj_HighTide

1 day ago

We take these issues seriously and hence we are very excited with the upcoming appointment of Sean Geng as the Chief Technology Officer of High Tide concurrent with the Smoke Cartel acquisition closing. Sean is very well known and respected for his technological expertise, which includes building and customizing his proprietary drop-shipping technology.

level 1

marcelANDREASeris

2 days ago

Hey Raj, thanks for doing this. My question is: How is High Tide going to be sure, if a legalization happens, that it is not getting overrunned by the big companys with huge capital. Keep doing you great work! Greetings

level 2

Raj_HighTide

1 day ago

My pleasure marcelANDREASeris

With very limited capital access over the last couple of years, we have clearly shown our execution and growth capabilities not just in Canada but also internationally. Now that our balance sheet has significantly strengthened, we feel confident that we can compete with anyone, regardless of size.

Continue this thread

level 1

sustainabledude

2 days ago

Hi Raj,

Thanks for doing this AMA. I can really appreciate a CEO that is transparant with it's shareholders and highlights the good sides of HITI as well as points where improvements can be made.

My questions are with regard to the development of High Tide's e-commerce segment.

The recent legalization of recreational weed in Mexico opens up a significant market with millions of cannabis users. Does High Tide plan on selling accessories in Mexico? If so, what are your longterm growth targets regarding the Mexican market?
The Q4 report showed a downturn in accessories sales in the USA & international markets. Where can this be attributed to? Do you foresee a revival here and further growth regarding the accessories segment this year?
The last question is with regard to SmokeCartel & GrassCity. Where do you see the short- and longterm growth rates of these platforms? I understand legalisation plays a major factor in this equation, but what would be your reasonable estimate?

Thanks for taking my questions. I'm a proud 18 year old investor with 200k shares in HITI and plan on holding for many years. Big part of my confidence comes from your amazing personality and drive to make High Tide prosper in the future.

level 2

Raj_HighTide

1 day ago

The recent legalization of recreational weed in Mexico opens up a significant market with millions of cannabis users. Does High Tide plan on selling accessories in Mexico? If so, what are your longterm growth targets regarding the Mexican market?

Hi sustainabledude

Please see answer above.

The Q4 report showed a downturn in accessories sales in the USA & international markets. Where can this be attributed to? Do you foresee a revival here and further growth regarding the accessories segment this year?

A: This is not entirely true. Our products are in high demand, but we face temporary supply chain and production challenges because of the pandemic. We strongly feel that our accessory sales will ramp up as soon as pandemic related issues subside. Taking our fourth quarter annualized and adding Smoke Cartel, our U.S. revenue is currently on a run rate of approximately $25 million.

The last question is with regard to SmokeCartel & GrassCity. Where do you see the short- and longterm growth rates of these platforms? I understand legalisation plays a major factor in this equation, but what would be your reasonable estimate?

A: The strategic reason behind the acquisition of these top tier consumption accessory platforms with profitable operations is to drive shareholder value now, while being ready to immediately enter the cannabis retail market as soon as federally permissible. As mentioned above, between these two platforms, we get immediate access to over 33 million site visitors today which can turn into a massive opportunity upon federal legalization.

level 1

RazorsRevenge

1 day ago

I was just wondering If there is any plans to sell seeds or clones .

level 2

Raj_HighTide

1 day ago

Hi RazorsRevenge

Please refer to my previous answer on this.

level 1

StudentInvestors

3 days ago·edited 1 day ago

Hi Raj,

You mentioned that you're only 1 acquisition away from a US brick and mortar store. Are you currently in talks with any retailers in the US for an acquisition? Any idea of the timeframe in which you think this will happen? I understand that Nasdaq uplisting requires that Cannabis is legalized federally before a store can be opened, however I noticed Fire and Flower will soon be opening an American store and they have also applied to uplist..

level 2

Raj_HighTide

1 day ago

Hi StudentInvestors

Like us, Fire+Flower’s plans to begin U.S. bricks and mortar sales are dependent on federal legislative change.

I want to drive home the point that unlike other Canadian cannabis companies, our U.S. strategy isn’t totally reliant on the retail cannabis market opening up. We don’t need to sit around and wait for Congress to act because our differentiated and broad ecosystem enables us to generate higher profits and create value in the U.S. for our shareholders today. That’s why we are already generating revenue from those activities which are permissible within the U.S., like hemp-derived CBD and accessory sales.

We have a strong track record of successfully executing acquisitions and operating multiple business lines. We are constantly monitoring the U.S. situation and speaking to potential bricks and mortar partners. As soon as federal law permits, we will enter the retail cannabis market in the U.S.

level 1

Noseknowledge

6 days ago

Hey Raj, appreciate another visit

Could you give us some insight into how BC is looking? you mentioned it was looking good for end of year as of last ama.

Thanks for coming

level 2

Raj_HighTide

1 day ago

It’s a pleasure to be back!

It’s been two years since we first applied for our operator authorization in B.C. Unfortunately due to the META acquisition and resulting board changes, our application was delayed by the BCLDB. We are making good progress, however, and are anticipating approval soon. Regardless, not operating in B.C. has not hindered our growth prospects as we are aggressively pursuing growth opportunities in other provinces and international ancillary markets.

level 1

Ok_Manufacturer6772

1 day ago

Hey Raj,

Thanks for taking the time to answer our questions, we are very excited to see the current growth and look forward to the future growth of High Tide. As a Calgarian, it is very apparent that High Tide has been growing into every neighborhood, and I hope to one day see NASDAQ:HITI posted on your building.

A few questions:

After considering the outstanding shares, fully diluted, what % of the shares do you currently own. It's refreshing to see your team has been buying shares/warrants and have real skin in the game.
As Couche-Tard has an invested interest in F+F, have you had any competitors reach out to you (i.e 7-11) for potential partnership? If no, would you ever consider a partnership given the current distribution of alcohol through these chains in the US.
Have you engaged in the consumption of cannabis with Snoop Dogg?

Thanks again for your time.

level 2

Raj_HighTide

1 day ago

After considering the outstanding shares, fully diluted, what % of the shares do you currently own. It's refreshing to see your team has been buying shares/warrants and have real skin in the game.

I currently own just over 15% of the company, however I have never sold a single share and have no plans to do so in the near future. I am very fortunate to have a team that is completely aligned on the vision for High Tide and our progress.

As Couche-Tard has an invested interest in F+F, have you had any competitors reach out to you (i.e 7-11) for potential partnership? If no, would you ever consider a partnership given the current distribution of alcohol through these chains in the US.

High Tide has continued to execute on its strategy which shows in our results. Our success has not gone unnoticed and many interested groups have reached out to partner with our company.

Have you engaged in the consumption of cannabis with Snoop Dogg?

That stays between me and Snoop.

level 1

turnaround10

2 days ago

Hi Raj,

Are there plans to issue more stock or reduce the dilution somehow? There are discussions about a reverse split if HITI moves onto Nasdaq, are there any considerations if HITI would buy back stock instead?

level 2

Raj_HighTide

1 day ago

Hi turnaround10

To get listed on NASDAQ, we will need to reach a share price higher than we are currently trading at, either naturally or through share consolidation. A potential share consolidation would result in a lower number of shares outstanding. Share consolidations don’t impact any individual shareholders’ percentage ownership of the company and should make our shares more appealing to institutional investors, as well as helping support our aggressive M&A strategy.

level 1

_Fred_Fredburger_

5 days ago

Have you thought about doing a merger with Namaste Technologies? You and Meni Morom would be the ultimate cannabis team.

level 2

Raj_HighTide

1 day ago

Hi Fred,

Meni and I are great friends. We focus on retail while Namaste is a licensed producer.

level 1

Ladislav_Smid

5 days ago

What multiple of normalized EBIDTA did you pay for NewLeaf?

What’s the easiest and most profitable province to operate in? Which is the hardest?

level 2

Raj_HighTide

1 day ago

What multiple of normalized EBIDTA did you pay for NewLeaf?

Thanks for these questions Ladislav_Smid.

META was purchased for many strategic reasons. They were not positive on EBIDTA, but we have created value by driving economies of scale, bringing their offerings up to our standard over time, getting instant access to, and a leadership position within, the Manitoba market and leveraging data monetization nationwide. The scale we have achieved from this acquisition will also help in implementing our white-label initiatives.

What’s the easiest and most profitable province to operate in? Which is the hardest?

Saskatchewan’s open model creates higher margins for retailers because it allows LP’s and retailers to negotiate directly under regulatory oversight without having to go through a government wholesaler. As time goes on, we encourage other provinces to look at this model as it creates a more profitable business environment for both LPs and retailers, thus helping the regulated cannabis sector to effectively compete against the illicit market.

level 1

InvestingInthe416

2 days ago

Hi Raj,

Thanks for coming on here and taking questions. In your recent earnings call you talked about same store sales being down in Alberta. Can you elaborate on why this is the case and what steps you are taking to mitigate this?

Appreciate the time.

level 2

Raj_HighTide

1 day ago

Thanks for this very important question InvestingInthe416.

Same store sales were indeed down and there are several reasons for this. First off, Alberta has become an increasingly competitive market with 588 stores operating as of today vs 324 at the end of 2019. Second, various “value brands” have begun operating within the province over the past few months and this has led to price compression. Lastly, the pandemic and January’s cold spell have also impacted sales.

So, what are we doing about this?

Well first off, we have refocused our strategy to only open new stores in neighbourhoods that we feel are currently underserviced. This means that our gross profit will continue to increase even though same store sales may be down. Second, and as mentioned above, we are about to roll out a new value retail store offering that will be deployed strategically in select markets while at the same time deploying additional value options at all existing stores. Third, we are expanding our e-commerce offerings to drive revenue and EBITDA growth everywhere, but particularly in the United States.

Due to our diversified DNA and aggressive M&A strategy we feel confident about our long-term growth prospects and profitable operations across all markets we currently operate in.

level 1

shroomdude47

2 days ago

What is your personal goal for HighTide in the next 5 years? What do you want to see your company archive?

level 2

Raj_HighTide

1 day ago

Great question shroomdude47

At High Tide we play to win. We have done the hard work of laying a strong foundation for our business and will not rest until we become a leading global cannabis enterprise.

Continue this thread

level 1

Sxliriousx

2 days ago

With the acquisition of Smoke Cartel, does High Tide have any plans for future e-commerce acquisition and expansion in parts of Mexico, Europe and/or USA and if so, do you see this as a near term plan. Thank you!

level 2

Raj_HighTide

1 day ago

Hi Sxliriousx

Please see answers above.

level 1

IzzyArtist

1 day ago

Hey Raj, Izzy here. Long time investor and friend of the brand ... Quick question, we know that ACB & APHA are partnered with High Tide, but I haven’t seen what the partnership agreement is. Can you expound on that please.

level 2

Raj_HighTide

1 day ago

Hey Izzy, great chatting with you again and thanks for your support. We don't have a partnership agreement in place with ACB and APHA. However, both have been strategically invested in HITI since 2019.

Continue this thread

level 1

raw_salmon

1 day ago

Any possibility of High Tide's NASDAQ ticker being "HIGH"?

level 2

Raj_HighTide

1 day ago

Hey raw_salmon

I like it, but I'm not sure NASDAQ would lol

Continue this thread

level 1

BlessTheBottle

2 days ago·edited 2 days ago

Hey Raj and Cannalysts! Thanks for putting on this AMA. I've been an investor in NAC/META since 2017 and am really bullish on the company and the e-commerce angle in addition to retail stores.

Here are my questions:

On Sept 14, High Tide extended a $2 m loan for an additional year at a cost of 1.6 million warrants to be adjusted from an exercise of $0.85 to $0.30. This dilutive event cost shareholders $880,000 (if exercised in the money). If High Tide had a liquidity issue, why couldn't the loan be transferred to the OCN line of credit/revolver?
On March 1, High Tide announced optimism regarding recommendations by the AGLC for regulatory and legislative changes. I can't seem to find any news on the AGLC website. Can you discuss the potential changes and explain how it will be beneficial to retailers?
Is High Tide more or less likely to earn the "earn out note" within the Halo Labs purchase agreement? Or is it too early to tell based on revenue run rates?
Does High Tide have any interest in a takeover or business combination with a small producer of cannabis or oils? Am I the only one that thinks Delta 9 Cannabis would be a perfect synergy with High Tide?
Why do you think that High Tide has been snubbed from the HMMJ index when Fire & Flower is included? Can we expect High Tide to be advertised to ETF providers?
What kind of growth rate should we look for in Cabana Club membership MoM or YoY?

Thanks again!

level 2

Raj_HighTide

1 day ago

On Sept 14, High Tide extended a $2 m loan for an additional year at a cost of 1.6 million warrants to be adjusted from an exercise of $0.85 to $0.30. This dilutive event cost shareholders $880,000 (if exercised in the money). If High Tide had a liquidity issue, why couldn't the loan be transferred to the OCN line of credit/revolver?

Hi there BlessTheBottle

Over the last 6 months we have announced that three of our senior lenders have each agreed to extend the maturity of their debt and in each case lower the applicable interest rate. Not even a year ago cannabis capital markets were very challenged. Regardless, we continued to manage and operate our business and obtained the necessary financing to grow. These moves are evident in the strength of our current balance sheet.

On March 1, High Tide announced optimism regarding recommendations by the AGLC for regulatory and legislative changes. I can't seem to find any news on the AGLC website. Can you discuss the potential changes and explain how it will be beneficial to retailers?

The AGLC recently shared with stakeholders that they plan to recommend that the government repeal all regulatory and legislative references to “prohibited relationships” between LPs and retailers. Among other benefits, this will enable the industry to better educate consumers on unique product offerings.

Is High Tide more or less likely to earn the "earn out note" within the Halo Labs purchase agreement? Or is it too early to tell based on revenue run rates?

Halo is still working on getting their final AGLC approval. This will be an ongoing relationship including a performance bonus and we intend to fulfill the requirements to receive that earnout.

Does High Tide have any interest in a takeover or business combination with a small producer of cannabis or oils? Am I the only one that thinks Delta 9 Cannabis would be a perfect synergy with High Tide?

No.

Why do you think that High Tide has been snubbed from the HMMJ index when Fire & Flower is included? Can we expect High Tide to be advertised to ETF providers?

We are working with many ETF providers to get High Tide listed. This is more realistic now because of our improved liquidity and market cap.

What kind of growth rate should we look for in Cabana Club membership MoM or YoY?

Cabana Club across Canada is growing rapidly, and we are particularly encouraged by the uptake in some of the META/Newleaf stores as they had a minimal number of members in their loyalty program when we acquired them. We are very excited about Cabana Club as we can see most of our day-to-day sales are already from Cabana Club members. This is the type of stickiness any retailer strives to achieve.

Continue this thread

level 1

skillzty

2 days ago

Hi Raj,

Over the past 3 or 4 months or so the stock price has seen increased volume and the share price has reflected that as retail investors have sparked interest lately.

What are some key things you plan to do to maintain that interest while providing value to your shareholders?
Would you guys be open to being bought out by a bigger company, or acquire any large competitors you have?

While revenue increased from Q3 to Q4 it still has slowed down due to competition. But of course congrats on the Meta Growth and Smoke Cartel acquisition. Thanks for your time.

level 2

Raj_HighTide

1 day ago

What are some key things you plan to do to maintain that interest while providing value to your shareholders?

Thanks for the question skillzty

We are an exciting company based on the virtue of our diversified business lines. We are also very active acquirers and consolidators within the broader cannabis space. While we are pleased with the share price performance over the past few months, it is important to note that it didn’t just happen. It is a direct result of our execution over all business lines during the past several months (increased scale/profitability, significantly improved balance sheet, increased U.S. reach, heightened capital markets profile). While the share price can fluctuate day to day, our executional performance will not.

Would you guys be open to being bought out by a bigger company, or acquire any large competitors you have?

We have been active consolidators within the broader cannabis space and if presented with the right opportunity, we will definitely be looking at larger competitors.

level 1

IJustDontBelieveMe

4 days ago

Canadian cannabis retailers have been consolidating. Although HITI is the #1 retailer for now, Fire and Flower is not far behind. It has an aggressive expansion plan in opening up new stores. Like HITI, it also has a very strong balance sheet. Do you expect this consolidation to intensify over the next few years? How will HITI position itself? Thanks

level 2

Raj_HighTide

1 day ago

Thanks for the question IJustDontBelieveMe.

There is room for more than one successful retailer in Canada. With that said, I need to reiterate that we are very different from other North American retailers. Our diversified ecosystem enables us to drive revenue/EBITDA growth and create value for shareholders today through multiple sales channels.

Continue this thread

level 1

simpleton-420

3 days ago

Thank you for your time, Raj!

Is it true that major American shipping companies such as USPS and fedex will be prohibited from shipping smoking accessories and paraphernalia beginning this spring?

If so, can you please discuss the impact on distribution and how it might affect the business model?

level 2

Raj_HighTide

1 day ago

Hi simpleton-420

First off, I want to clarify that this is not a ban on consumption accessories. The Preventing Online Sales of E-Cigarettes to Children Act of 2020 (PACT Act) focuses on nicotine products and flavoring substitutes within the United States. The PACT Act impacts certain vaporizers, and we are working with a broad coalition of industry partners to ensure that shippers understand that intent of the act is to control nicotine delivery devices only. We are working with them to clarify that non-nicotine devices do not fall within its scope.

level 1

sjashari112358

3 days ago

What are some steps being taken to increase ecommerce revenues? HighTide has some of the highest traffic sites, but what plans are there to convert more traffic into sales for the company?

level 2

Raj_HighTide

1 day ago

Good question sjashari112358.

Since the acquisition of Grasscity in 2018, we have continued to invest in all our online platforms to ensure that they exceed industry standards. Our e-commerce assets are prized commodities. That is why we have taken steps to build out and strengthen these lines of business. One recent example is our announced acquisition and pending integration of Smoke Cartel and their proprietary drop-shipping technology into our ecosystem. This will further expand our inventory and enhance vertical integration through cross-selling opportunities. With the addition of Smoke Cartel, High Tide now operates the top two e-commerce platforms for consumption accessories in the world and we are still looking for other acquisition targets to further solidify our position as a leader in accessory and hemp-derived CBD online sales.

Continue this thread

level 1

AlexM-YT

1 day ago

Raj, many thanks for doing this AMA - massively appreciated. A couple of questions I would love to hear your thoughts on. Totally appreciate if you can't answer due to disclosure issues. Apologies if any duplication to other questions already asked.

Can you provide more color on the acquisition strategy going forward? (i.e. strengthen existing retail presence, develop international presence) What is the pipeline of opportunities currently looking like and what is the state of progression on these?
What do you see at the whitespace for physical retail presence in Canada? What are your current projections for store count over the coming years?
What strategies do you have for driving like for like store growth? Based on stores to date, what is the typical maturity profile and target operating metrics at maturity?
What is your strategy for addressing new geographies as they derogate (e.g. Mexico) and how do you track these to ensure optimal positioning?
Clearly ATB have been actively covering the stock - presumably there are many other analysts digging into the company, are you able to give any guidance on whether we can expect more analyst coverage this fiscal year?
What keeps you awake at night? What do you see as the biggest challenge facing you and your management team and what is your strategy for addressing this?

Thanks Raj - really appreciate you taking the time to do this.

level 2

Raj_HighTide

1 day ago

Can you provide more color on the acquisition strategy going forward? (i.e. strengthen existing retail presence, develop international presence) What is the pipeline of opportunities currently looking like and what is the state of progression on these?

Please refer to previous answers.

What do you see at the whitespace for physical retail presence in Canada? What are your current projections for store count over the coming years?

Please refer to previous answers.

What strategies do you have for driving like for like store growth? Based on stores to date, what is the typical maturity profile and target operating metrics at maturity?

Last year, the ramp up period for cannabis stores in Alberta was 4-6 months, which has now gone up to approximately 9 months. Our target revenue at maturity is between $3500-$4000 a day for the Alberta market specifically at approximately 15% EBITDA margin.

What is your strategy for addressing new geographies as they derogate (e.g. Mexico) and how do you track these to ensure optimal positioning?

Please refer to answers above.

Clearly ATB have been actively covering the stock - presumably there are many other analysts digging into the company, are you able to give any guidance on whether we can expect more analyst coverage this fiscal year?

ATB and Echelon cover our stock and they are great partners. We keep working with several brokers and expect that there will be more analysts launching coverage in the near term.

What keeps you awake at night? What do you see as the biggest challenge facing you and your management team and what is your strategy for addressing this?

High Tide is up to any challenge that is thrown our way and we have proven this in the past with our solid execution in multiple jurisdictions across our business lines.

level 1

iDripAlone

1 day ago

What’re your thoughts on switching the ticker from $HITI to $HIGH? I think it would be more befitting of a company like this but I am not sure the amount of work and processes involved to do a ticker name change

level 2

Raj_HighTide

1 day ago

Hi iDripAlone

Point taken, I like it too. We will see if we can make it happen.

level 1

kieleybeaudry

1 day ago

Hi Raj, thank you for taking the time to answer questions! I am a micro cultivation producer of cannabis seeds in Canada and according to your management, HITI has no interest in providing Canadian homegrowers, legal access to quality seeds.

As you know, homegrowers are the highest consumers of flower in the country, they order all their seeds online and have limited access to high quality seeds in retail stores due to retailers choosing to not carry them.

Many small micros are coming out with high quality genetics and are struggling to get your stores on board.

Can you please expand on this decision and why your company is choosing to leave out an entire category that continues to be highly profitable on the illicit side of the market and not support local small producers.

level 2

Raj_HighTide

1 day ago

Hey kieleybeaudry

The seed selection that is on offer through various provincial boards is extremely limited. The LPs have not taken a keen interest to develop this category. We rely solely on the supply that is available in the markets we operate in. If this changes in the future, we will definitely consider adding seeds to our retail offerings.

Continue this thread

level 1

uNormal_pli

2 days ago

Hey Raj, Hey Team,

You are doing a great Job!

My question is how did the Corona situation restrict your shops? It is to be expected that after the end of the pandemic an increase in sales in the shops Take place?

Warm greetings from Germany

level 2

Raj_HighTide

1 day ago

Thanks uNormal_pli!

The pandemic did indeed impact our sales, as it did with all retailers globally. In Canada, several provinces, especially Ontario, moved into complete lockdown and many of our stores were severely limited in terms of operations and sales opportunities for several months. We were able to partially mitigate this impact because our team quickly pivoted towards home delivery and curbside pickup options. Despite these challenges we were still able to close 2020 with our strongest quarter and year since inception! As the pandemic subsides, we still believe it will take some time for in store sales to return to pre-pandemic levels. To ensure that we are still able to drive growth and shareholder value in the meantime, we are taking aggressive steps to bolster our e-commerce presence, particularly in the United States.

level 1

shroomdude47

2 days ago

I have a personal question, I’m starting a grow operation in Michigan to supply product throughout all of Metro Detroit dispensaries, what were some of the hardest difficulties you had to face when starting out your business?

level 2

Raj_HighTide

1 day ago

I had to deal with challenges related to capital constraints, government regulations, transitioning from private to public markets. These are all challenges that we, as entrepreneurs, must take in stride and address head on as we build our business plans to maximize value for shareholders over the long term.

level 1

[deleted]

1 point·3 days ago1 child

level 1

[deleted]

1 point·2 days ago1 child

level 1

BlessTheBottle

1 day ago

A few more questions if you have time...

Can you talk about the gross margins you're looking to earn on specific products in-store? Flower? Oil? Edibles? Glassware?
How is the Banff location looking without international tourism?
Is Hamilton the crown jewel of the Canna Cabana network?
Do you plan to continue on with the Kushbar brand? It just seems that it may be getting spun out after the Halo Labs sale.

level 2

Raj_HighTide

1 day ago

Can you talk about the gross margins you're looking to earn on specific products in-store? Flower? Oil? Edibles? Glassware?

Our gross margin range for cannabis 28-35% and on accessories we are over 50% in gross margin.

How is the Banff location looking without international tourism?

Banff is still holding up without international tourism. We expect the sales to move considerably higher once international travel resumes. This also applies to our Niagara Falls location.

Is Hamilton the crown jewel of the Canna Cabana network?

Despite the recent increase in competition around our Hamilton location, the store is still producing great numbers.

Do you plan to continue on with the Kushbar brand? It just seems that it may be getting spun out after the Halo Labs sale.

We are focusing on the Canna Cabana brand going forward.

level 1

[deleted]

1 point·1 day ago0 children

level 1

NewfieSteve

1 day ago

Hey Raj,

Any plans on moving stores to the east coast of canada?

level 2

Raj_HighTide

1 day ago

Hi NewfieSteve

As the regulatory environment in the Maritimes and Quebec evolves, we would love to have an opportunity to enter those markets.

level 1

Royal_Willow4391

2 days ago

Hello Raj,

First of all, want to thank you and your team for the great job that you are doing! Keep it up!:)

My question is about lessons learned from the Canadian legalization - How is High Tide preparing itself for federal legalization and if she takes advantage of the state legalization until the federal one takes place?

Also, wanted to know if and how Hide Tide is going to utilize the Mexican legalization?

level 2

Raj_HighTide

1 day ago

How is High Tide preparing itself for federal legalization and if she takes advantage of the state legalization until the federal one takes place?

Hi Royal_Willow4391

We are monitoring U.S. federal legislative developments very closely but as mentioned above, our strategy doesn’t depend on legislative change. We are generating revenue right now by engaging in federally permissible activities like e-commerce and distribution related to the sale of hemp-derived CBD and consumption accessories. Due to our vast network and relationships in the U.S., if and when federal legalization happens, we will be ready to begin cannabis retail sales immediately.

Also, wanted to know if and how Hide Tide is going to utilize the Mexican legalization?

We are following the situation in Mexico but remain focused on maximizing opportunities in Canada, the United States and Europe before seriously considering entering the Mexican market. When the time is right, I feel that we will be well-positioned to enter the Mexican market through our consumption accessory businesses first, similarly to how we approached the Canadian market.

level 1

TheCopticThinker

4 days ago

Hi Raj - Why not uplist to the TSE?

level 2

Raj_HighTide

1 day ago

Hey TheCopticThinker.

Concurrent with the acquisition of META growth, we up listed from the CSE to the TSX Venture Exchange. In December of 2020 we became the first cannabis retailer anywhere to apply to list on NASDAQ and that remains our focus for now.

level 1

aokaybeats

3 days ago

A question for future business.. Are their plans to have an in-house cannabis brand in the future??

I believe having an in-house micro brand in the next year or two would be another key component to your vertical integration. A brand that only produces enough for the stores so it doesn't have right offs, ect. Plus the future could lead to larger expansion as the company grows.

level 2

Raj_HighTide

1 day ago

Hi aokaybeats

Please refer to previous answer on this subject

More posts from the TheCannalysts community

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3 days ago

SQDC Stores - Top Unit Sales - Week of March 1st to 7th

Here are the Top unit sales for last week! While it doesn't show on the 3.5g list, newcomer brand Tribal from Cannara sold out its units in only 3 days!

Again, these are sales across the 61 SQDC stores and do not include online sales at this time. You're an LP? Let's chat!

Top Unit Sales - Dried Flowers - 1g

Solei - Renouer
DNA Genetics - Chocolate Fondue
Solei - Harmoniser
Alta Vie - toile Polaire CBD
Aurora - Blue Dream

Top Unit Sales - Dried Flowers - 3.5g

Good Supply - Jean Guy
OMY - Kush Cookies
Good Supply - Monkey Glue
Good Supply - Choix du Cultivateur Indica
Dubon - Mango
Solei - Toucher
Tribal - Gelato Mint
Twd. - Twd. Indica
Hexo - Hlios
Twd. - Twd. Sativa
Spinach - Blue Dream
San Rafael '71 - Pink Kush
Daily Special - Daily Special Indica
Marley Natural - Blue Dream
Dubon - Purps
Daily Special - Daily Special Sativa
Spinach - Diesel
La Batch - Trois et Demi
Trailblazer - Spark Buds
Fleurs de Lise - La Cerise sur le Funday

Top Unit Sales - Dried Flowers - 15g

Re-up - WPP
Daily Special - Daily Special Sativa
Hexo - Hlios
San Rafael '71 - Pink Kush
Hexo - Atlantide
San Rafael '71 - Tangerine Dream
San Rafael '71 - Delahaze
Twd. - Twd. Balanced
Good Supply - Jean Guy
Good Supply - Monkey Glue

Top Unit Sales - Dried Flowers - 28g

Original Stash - OS.130
Nugz - Early Lemon Berry
P'tite Pof - Capote Pas
Original Stash - OS.Reserve
Original Stash - OS.220
Highly Dutch Organic - Rotterdam Indica
La Batch - Une Once
Original Stash - OS.210
Grasslands - Rves Bleus
Twd.28 - Twd.28 Sativa
Twd.28 - Twd.28 Indica
OMY - Mlange Indica
Highly Dutch Organic - Amsterdam Sativa
P'tite Pof - Ben Oui
P'tite Pof - Tigidou

Top Unit Sales - Hash

Tremblant Cannabis - Hashish
Highly Dutch Organic - Afghan Black Biologique
Original Stash - OS.HASH20
1964 - Bleu Nuit
Dubon - Dry Sift Hash
48North - Hachisch
ICM Fogo - Moiti-Moiti
ICM Fogo - H

Top Unit Sales - Oil

Solei - Librer
Dubon - Rose Nordique
Solei - Harmoniser
Emerald Health Therapeutics - Sync 25 CBD
Solei - Dconnecter
Sugarleaf - Huile 1:5
Good Supply - THC 30:0
The Green Organic Dutchman - Charlotte's Angel Bio
Sundial - Gouttes de CBD
Tweed - Tweed CBD 20ml

Top Unit Sales - Prerolls

7ACRES - Jack Haze - 2 units de 0,5 g
Good Supply - Jean Guy - 7 units de 0,5 g
La Batch - Quintes - 5 units de 0,5 g
Original Stash - OS.Joints Sativa - 12 units de 0,6 g
Dubon - Blend 19 - 3 units de 0,5 g
Sundial - meute de Citron - 1 unit de 0,5 g
7ACRES - Sensi Star - 2 units de 0,5 g
Dubon - Indica 24 - 3 units de 0,5 g
Marley Natural - Island Sweet Skunk - 3 units de 0,5 g
Solei - Renouveler - 3 units de 0,33 g
Riff - Subway Scientist - 1 unit de 1 g
Marley Natural - Blue Dream - 3 units de 0,5 g
Namaste - Ultra Sour - 3 units de 0,5 g
Top Leaf - Kush Ros - 3 units de 0,5 g
514 - St Henri Kush - 2 units de 0,5 g

Top Unit Sales - Drinks

House of Terpenes - Tonique Ptillant au Limonne
Mollo - Mollo 5
Quatreau - Fruit de la passion + Goyave
Little Victory - Cerise Noire Ptillante
Little Victory - Orange Sanguine Ptillante
Tweed - Bakerstreet & Gingembre
Everie - Mangue et fruit de la passion
Everie - Fruit du dragon et melon d'eau
House of Terpenes - Tonique Ptillant au Myrcne
Mollo - Mollo 2.5

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Rock Ridge Saloon - Thursday, March 11, 2021

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The Big 5 Martini Bar - Thursday, March 11, 2021

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Rock Ridge Saloon - Wednesday, March 10, 2021

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The Big 5 Martini Bar - Monday, March 08, 2021

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Rock Ridge Saloon - Tuesday, March 09, 2021

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The Big 5 Martini Bar - Wednesday, March 10, 2021

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The Big 5 Martini Bar - Tuesday, March 09, 2021

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Rock Ridge Saloon - Weekend #09, 2021

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6 days ago

The Dive Bar - Weekend #09, 2021

Please use this thread to discuss events, news, and activities of companies that are OTC, don’t have licenses, speculatives, and the graveyard of hopes, mixed with the occasional dream. This is the place where people hide shotguns in gym bags, toss a tenner on the blonde moll’s tab, and gives flatfoots a facefull of attitude that’s backed up with an automatic. If you’re looking for the bitter taste of dashed hope...this is the black, urine soaked alley you’ve been looking for.

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1 day ago

The Dive Bar - Wednesday, March 10, 2021

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3 days ago

Rock Ridge Saloon - Monday, March 08, 2021

Please use this thread to discuss events, news, and activities of the Top 7 following USA based companies:

Curaleaf CURA MedMen MMEN Green Thumb Industries GTII Acreage ACRG Charlotte's Web CWEB Trulieve TRUL and Cresco Labs CL

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6 days ago

The Big 5 Martini Bar - Weekend #09, 2021

Please use this thread to discuss events, news, and activities of The Big 5 cannabis companies by market capitalization (WEED, APH, ACB, CRON, and TLRY).

Writing ticker in bold helps to make it easier for people skimming the thread to spot what they’re looking for.

Consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

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