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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 FalconMon Dec 01, 2022 3:46pm
141 Views
Post# 35144243

RE:RE:Who is still shorting High Tide?

RE:RE:Who is still shorting High Tide?Ive been through a few bull/bear cycles in the MJ space now and it usually plays out this way. Your wrong until your the most right person in town. That is why you have to make sure not to buy a garbage company that could actually go bankrupt. HEXO, ACB, and maybe even CGC among others seem to be headed in that direction because their balance sheets are terrible. High Tide played it smart and focused on high-end retail rather than large-scale grow operations, which fuelled the early bull cycles to attract investors. The cannabalism phase is ending though and you know why this company is prime to reap the rewards of the US legislation? Because those megacap companies are going to come sniffing for territory in the Canadian sector as it settles. Who better to buy than a high-revenue yielding, low-debt, 140+ store footprint company like High Tide. They will be acquired by a US company mark my words at a market cap of at least 500 million as the sector's valuations inflate again. I had a similar theory about 48 North and they were acquired 2 months after my analysis. Unfortunately the owners low-balled themselves probably because they wanted to get out of the space for personal reasons. It seems like the executives of High Tide are much more invested given their large footprint so I don't expect a low-ball sell. The PAYDAY is coming.
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