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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 Oldweedon Feb 17, 2024 12:27pm
116 Views
Post# 35885874

RE:Penny stock to millionaire? Hiti on the short list

RE:Penny stock to millionaire? Hiti on the short list
Ronbromleygross wrote:

Great article below and shows you the potential Hiti has.  There is a great focus on finding undervalued stocks trading at fractions of their intrinsic values.  

- p/s at roughly .35
- annual sales run rate of roughly $488m usa / $510m cdn
- forecasted to get to $1b sales in cda alone within 3 years with Ontario store count expansion.
- growing "positive" FCF
- 20 to 30 new stores in 2024 funded from FCFP
- dilution not required unless a major M&A which Raj will avoid unless it's a screaming buy
- Ontario - 3.1x sales over competition
- Alberta - 2x sales over competition
- Canada alone to keep Hiti busy over next 3 years
- Germany / USA expansion ready to go once Raj gets the green light followed by int'l expansion
- Discount club model works and will steal market share and sales in USA and int'l
- Raj to grow gross margins by increasing prices second half 2024.  
- Elite and Cabanna memberships continue to grow exponentially.
- Raj the largest shareholder and has NEVER sold a share.
- Insiders continuing to buy

- Joint venture with a MSO imo for USA expansion

- Last bull run Hiti went from $3 to $16 in 5 short months (Oct 2020 to Feb 2021) around that time
- Largest retailer in Canada by sales
- Growing market share 
- Choking the competition out of the market 
- Hiti has a bullseye on its back as acquisition target

I doubt anyone will get to a millionaire investing only $1,000 in Hiti as the article says but you should get there if you invest something decent and just have some patience to wait it out.  Raj is making all the right moves and is getting the Hiti name out there based on increased interviews and podcasts.  His ER's tell the truth and the anakysts are growing in vilumes who are intimating coverage and price targets.  The price targets are ALL much higher than todays share price. Know what you own and wait for the market to wake up and price this microcap based on its intrinsic value and strong business model and fundamentals.  Long and strong! 

https://stkt.co/CeaYhq7p


Yep, couldn't agree more with your summary, the biggest risk I see is we get bought out before we make that 1st million! Even then we will still do well.
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