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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

Bullboard Posts
Post by Sledd66on Dec 30, 2019 11:24am
177 Views
Post# 30501376

2020

2020
with 31 cannibus storefronts and growing, and Ontario about to open the doors to 20 new stores per month, i am amazed at the selling pressure considering the last day of tax writeoff season ended on friday to qualify for 2019 tax writeoff. Hightide has nearly as many storefronts as meta does and will be following a similar footprint in 2020. Hightide also has the huge market for accessories allowing them to establish shops ahead of time in Ontario as an accessory store while applying for retail licenses. 2.0 is about to impact all the retailers in a great way adding more revenue to each and every storefronts bottom line. Todays selling pressure doesn't make much sense, we are already down nearly 70% from the 52 week high. New warrants exercise in two years at a price of $0.50. Thats an upside of 200% of current price. With an enterprise value of 56mil while our market cap is only 37mil, this should be a very bullish play.
Bullboard Posts