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

High Tide Inc > Warrants

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Comment by Rc0gburnon Dec 11, 2020 4:30pm

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Post# 32090814

RE:RE:Warrants

Paradini - You can see the Press release when they did the deal with Meta:

https://ceo.ca/@newswire/high-tide-completes-acquisition-of-meta-growth

Warrants expire Feb 6, 2023. 787 days time value.

At 7c warrant price vs. stock at 22c, warrants have a .56 delta. The vol is about 75. That implies approx 1c move per day to break even.

I think the warrants at 6.5-7c are the way to play HITI. With all their debt maturities and ITM debentures overhanging, theres a bit of stock supply coming.

Im bullish, but we need to clear stock overhang and so i bought warrants today. Basket of KO, YSS, and HITI is not a bad bet.

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