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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

Comment by kentucky77on Apr 05, 2021 10:04am
103 Views
Post# 32936633

RE:RE:Growing

RE:RE:GrowingBBW.. thanks for the information.  I believe the unsold weed is sitting mainly in the 'producer vaults' some of which happen to be retailers.  Pure retailers such as HITI would have very low inventories and can regulate their selling prices on what is becoming a commodity product.  That is why the the diversified business model of cannabis accessories and the websites are significant differentiators and profit source for HITI.  No doubt further industry consolidation is on the way... HITI could make some deals with producers to acquire their retail operations. Then of course there is also US expasion.
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