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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 Oldweedon Mar 13, 2024 10:24am
199 Views
Post# 35930363

Friday Expectations

Friday ExpectationsI am expecting a very positive financial report coming off the holiday season, the only negative point I saw from any analyst on HITI's last report was he found the margins below to low. In my opinion the analyst was not up to speed on the HITI's strategy and was simply crunching numbers with little to no context behind them. Raj mentioned in a interview (I think it was TDR) that he could raise prices to improve margins at any time, rather, he prefers to keep the price point low to squeeze out the noise in the retail market. HITI has a very bright future and I think Raj has a lot of options in front of him, including interest from larger LP/MSO that are very interested in scooping HITI up. For myself, HITI is a ticking rocket launch waiting on just the right catalyst. I'm not sitting on the sideline waiting for that to happen, it will be to hard to jump in on the Venture when we have lift off. JMHO, do your own DD and play within your limits!
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