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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 johhnyron Sep 14, 2021 5:29pm
193 Views
Post# 33856730

understanding the sector

understanding the sectornow i dont mean mj  i mean mj stores the quarter  for me was a pleasent surprise  i expected high 20 millions in revenue .....you really have to look at the sales of mj  a friend of mine works at a mom and pop mj store in toronto  well not for much longer since  they average  15 customers a day  spending about 35 bucks ....no store can survive that ...yet high tides stratiegic placement of stores is in my eyes a huge sucess , and this quarter is the tail end and beginning of stores opening ...not everyone rushed out to go shopping at the mj store ....now cities are in full swing .....if you are in the mj store sector and you think we would have hit 50 or 60 mill...ha ha no not yet ...after this pandemic ...maybe in two years .....if your looking for a quick buck  this stock is not for you ...but i am pleaed with the quarterly results i expected at least a pull back of 15 million ....you have to understand the climate know what you are investing in ...thats my 2 cents  ive ha this stock since the meta take over and i held meta for a half year before that ......this is a long hold ...my tfsa is happy i will tell you that much...
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