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 thebeston Jan 16, 2022 7:40pm

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Post# 34322768

opinion interesting

AdastraYOLO

Bullish

24m

 					$HITI Conventional wisdom, which is often wrong, states that retail is unsexy. That's why within the Cannabis sector, the LPs trade at higher valuations, while those with retail strength like HITI and MSOs trade at lower valuations. But every now and then, you will find retail gems that deliver incredible shareholder returns and trade at high valuations. Take for example, Lululemon $LULU that grew with the Yoga inspired wellness boom and trades at PS ratio in the 9 to 10 range. Or Dollarama $DOL.CA with its decade long growth in store count, trading at PS of nearly 5. HITI is in this category, recognized for its growth, an impressive 733% in 3 years. Fair PS should be 7, and we should see higher than that in the next Cannabis bull market. With C$400MM revenue estimate for this year, 7 PS puts SP at C$47/US$37. Current SP is low because of sector sentiment. With sector rotation the gap between price and value tends to close. G

AdastraYOLO

Bullish

24m

 					$HITI Conventional wisdom, which is often wrong, states that retail is unsexy. That's why within the Cannabis sector, the LPs trade at higher valuations, while those with retail strength like HITI and MSOs trade at lower valuations. But every now and then, you will find retail gems that deliver incredible shareholder returns and trade at high valuations. Take for example, Lululemon $LULU that grew with the Yoga inspired wellness boom and trades at PS ratio in the 9 to 10 range. Or Dollarama $DOL.CA with its decade long growth in store count, trading at PS of nearly 5. HITI is in this category, recognized for its growth, an impressive 733% in 3 years. Fair PS should be 7, and we should see higher than that in the next Cannabis bull market. With C$400MM revenue estimate for this year, 7 PS puts SP at C$47/US$37. Current SP is low because of sector sentiment. With sector rotation the gap between price and value tends to close. G