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 > Interesting Opportunity

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Comment by caretired1on Jan 31, 2024 10:20am

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Post# 35854789

RE:Interesting Opportunity

I agree, the white label opening up for them to deal directly with LP could be great for the discount products with shorter shelf life left from LPs. Sounds like 15% store count growth in 2024 organically with 6-8 in Mississauga. If they execute in the disciplined way they plan, this should be great for cash flow and should make them bankable to redo their debt. Echelon has an $8 target for them. I'll jump in for my first time now.

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