The BeliefThe belief is that Hill Street maintains its current Non-Alcohol business, for which they have built brand and partnerships. Having donated close to 2 million to their charitable partners. This business alone has a current Morningstar value of .20 cents / share. Over the last 12 months have seen this as high as .34 cents and as low as .20 cents.
Cannabis Infused Wine and Beer should prove to be a great business, provided they are able to execute on the plan. The deal with Lexaria appears intact, although the questions now are how? Where? And when?
Believe it is reasonable to assume revenue generation will increase dramatically with Cannabis Infused business.
We should know more prior to November 1, when Hill Street provides year end financials, and guidance on way forward.
Here’s looking forward to positive news, the sector as a whole could sure use some!
My Opinions