Bullboard - Stock Discussion Forum 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... see more

Add To Watchlist

TSXV:HITI - Post Discussion

High Tide Inc > Sundial Growers could aquire High Tide

View:

Post by ProStreet340 on Dec 07, 2021 7:28am

Sundial Growers could aquire High Tide

Will Sundial Growers Acquire Another Company in 2022? They have lots of free cash (over $570 mil) and they're hungry to buy... PS340 Link: https://www.nasdaq.com/articles/will-sundial-growers-acquire-another-company-in-2022

267

Comment

Comment by Ronbromleygross on Dec 07, 2021 6:40pm

They won't acquire Hiti. With all the work Raj has been putting in and expanding. They would not be able to afford Hiti. Unless they are prepared to pay several multiples of Hiti's current $7 plus price. I cannot see that happening. Sundial has a lousy financial picture and too many shares o/s. No thanks. Raj is too smart for that too. Won't ...more

Comment

Comment by RetailInvestor9 on Dec 07, 2021 10:12pm

Not possible. Among many other reasons, the primary one being that regulations dont allow for LPs to have 100% ownership of a corporate owned retail chain in cananda... sundial may have to spin off their financing arm into a separate corporate entity (which they most likely will at some point) to be able to acquire other retailers to boost their lousy sales numbers.. dyodd..glta

Comment