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 > Short position

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Comment by RetailInvestor9on Aug 13, 2021 6:58pm

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Post# 33705089

RE:RE:Short position

Thanks Ron. I looked this up on short data.ca just after I sent this message. And you are right, short volumes here are staggering and this may be a case of short squeeze finally coming into play. I have been following hiti since jan but only opened up a position from June onwards. I think if they continue deliver and execute as planned then it will be a 5x-10x bagger over the next few years (without accounting for other catalysts like US legalization etc)..glta

Ronbromleygross wrote:
Retail

You can find the average daily short positions by googling www.nakedshortreport.com

The numbers are staggering. Consistently over 30 percent and 40 percent. Several days over 50 percent and 1 day over 63 percent. Check out the history since Nasdaq listing and you will be shocked.

That tells you what will happen when they need to start covering. With such a low public float remaining the price will shoot up. Those who held on and/or accumulated are in for a windfall.

Too easy.