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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

Post by Ronbromleygrosson Jan 31, 2024 6:49pm
103 Views
Post# 35856008

Massive growth and expansion coming up…

Massive growth and expansion coming up…

Raj's plan is to get to 300 stores at least in Canada.  He should be able to fund this from FCFP alone.  The new stores he opens up have the biggest bang for the buck too.  Expect Raj to kill the remaining mom and pop shops plus some higher end retailers too.  The plan is to steal market share first to force others to fold and then increase the prices to both increase FCFP and help fund int'l expansion.  Hiti is starting to separate itself from the pack.  Back to back FCFP qtrs.  My guess is we hit net income in Q2 (April 30) at the latest if we don't hit it in Q1 (Jan 31).  We would have hit it already if not for the write down.  Oh well.   It's the future and what comes next that matters. 

https://stkt.co/usTe7wIo

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