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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

Post by SpeedJ581on Feb 10, 2021 10:33pm
413 Views
Post# 32534090

Here is what I think

Here is what I think

Not that anyone cares, but I will say it anyway.
Some of this seems obvious but when you read other posts I wonder. This timeline isn't exact it's just a rough guess. Until the bought deal is over which is the 23rd...? (I'm not going to look it up right now) NOT MUCH WILL HAPPEN.  When that is done we are approx 1 week from year end financials.  They will be good! And I'm sure they are strategically waiting for the Nasdaq announcement. Not just announcing it whenever joe blow wants. The financing, debt reduction etc is all part of prepping for it.  IT DOESNT MATTER IF THERE IS A REVERSE SPLIT. Weak hands will leave scared.  The reasons, if we have one (split) are not the same as the stocks that are already falling and need the reverse split to stay listed. If a company continues to grow and revenue and earnings continue to grow the reverse split will not effect market cap for more then the time it takes those that can't tell the difference to unload their shares. More Ontario store openings will start to be announced and US online sales will be going up.  Share price will also go up. Those that are still here will be glad they stayed. This isnt a year down the road, have the patience to wait a couple weeks. 
As the year goes on and store count continues to grow, possible US legalization, US store possibilities, US store wholesale supply distribution, US online weed sales are not far fetched. Even without US legalization revenues could potentially double.  This is a long term hold that has had great short term potential as well.  
For the record, I bought most of my shares in March of last year, around 10 cents having already followed it for a year prior. When it looked like the META deal wouldn't fail I sold all of my HiTI, bought META and waited for them to be converted back to HITI shares so I then had more HITI shares. I added to my position as the year went on and in Dec I sold some shares and bought HITI warrants between 6 and 7 cents. So far I haven't been too wrong because I have 20x what I had in March. (Yes I realize the price isn't 20x.  It's due to the trading, META shares and warrants)   I still believe we are along with some other retailers under valued compared to other weed plays. Read and understand the financials, look at the market caps and you will understand. I also bought more warrants today! Even after buying them at 6 cents 50 cents still seems a deal at today's stock price. GLTA  

 

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