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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 Ronbromleygrosson Feb 17, 2024 1:21pm
164 Views
Post# 35885957

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

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

The advantage we have here is that Raj is no dummy and knows what the value of "his baby/company" is worth.  As one of the few "owner/operators" in this space there is a tremendous and different attitude placed here the kind of like a "mother/child" relationship that you do not take lightly.  You don't get that with a hired gun CEO who is more interested in collecting a weekly pay check/stock options and that's it.  Raj is already pissed off at the ludicrous/bs rah rah Pom Pom cheerleading rants given to the stocks that get the most attention by Wall and Bay Street but don't deserve it.  You can see the subtle hints given by Raj on his public podcasts and he is not afraid to challenge the others in this space to compare their accomplishments verses what Hiti has done in 5 very short years.  

He knows what Hiti is worth and he isn't selling for anything less factoring in a "forward looking p/s" attached to it with a "premium" added.   Raj looks out for his shareholders unlike the other fat cats out there.  

My guess is Hiti gets bought out within 2 or 3 years max if there is no U.S.A. or int'l legalization or reform of any kind (highly unlikely). That will be based on Raj's oen ability to grow and expand Hiti his way.   If we get a raging bull market happen based on any kind of reform news, it may not matter waiting for the 3 years.  The easy money will have been made much much sooner.   Still say Raj wants to be a top 5 MSO and will partner up with one of them to accomplish that goal.  He can then apply his discount model there.  He already said he has a "Roladex" of partnerships ready to go the minute U.S.A. reform gets signed off. 

Imo I say we get some kind of serious movement in Hiti share price before end of this year with or without reform.  Hiti is not dependent on it to succeed.  The others in this space with flawed business models or no plan B need to worry.  

Not worried here.  Its mind over matter.

DYODD

Ron

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