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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
Comment by cgytraderon Nov 27, 2020 5:05pm
280 Views
Post# 31992764

RE:RE:HITI.WT is a better buy

RE:RE:HITI.WT is a better buy
"Following the completion of the Arrangement, the Listed Warrants, with the exception of any Listed Warrants that have been exercised prior to closing of the Arrangement, will become 40,076,412 warrants of High Tide,  each exercisable for one High Tide Share at a price of $0.35 per share until February 6, 2023"

That was the blurb on the META warrants that were exchanged into HITI warrants.The symbol is HITI.WT.

As of close today, the ask price was 7.5 cents. So the total all-in price would be 42.5 cents (buy & exercise). Going on what the other poster said, if the share price hits $1.00, the warrant will be no less than 65 cents (i.e. 65 cents to buy the warrant + 35 cents to exercise the warrant). There is usually a small premium on a warrant's all-in price compared to the underlying stock price so likely this would be more like 70-75 cents per warrant, assuming a $1.00 HITI share price.

70 / 7.5 = 933% profit. That's not bad.

-GLTA and Do your own DD
Bullboard Posts