Post by
Gregoriou on Jun 02, 2018 10:12am
Hiku Update to Regina and Seattle?
I am still very much long Hiku. As I mentioned before I am buying into the Lululemon like vision, and the people involved. Our ultimate goal is the US market, Canada is like a lab where everything will get tested and perfected. Two very important things to keep in mind before you sell are that Weed MD will add meaningful revenue (high end, high margins), and that once rec is legal retail device/clothing sales will pop as well.
That said, I have two questions and ongoing concerns that I am hoping Hiku will address in the short term:
1. Hiku had an arrangement with Leo's Group in Regina to bring a Tokyo Smoke store and ultimately dispensary to that city. I was greatly dissappointed to see no followup to this announcement as of yet, and to see that Leo's Group was not listed in the first round of Sask. dispensary licenses.
2. Tokyo Smoke states Pike Place Seattle location coming soon. This has been on the website for something like 5 or 6 months now. Other companies have almost built entire greenhouses in this span, so I am disappointed that there has been no followup announcement to update us on this supremely important store location. I know that this stuff takes time, but to see independant store owners getting licenses while a well connected company like Hiku is no where to be seen, is not very inspiring to investors.
I have put requests for updates on both, into investor relations.
Comment by
IcarusTrust on Jun 03, 2018 10:58am
That Seattle location is extremely important for the development of the brand and culture for Hiku Brands. Please share with us what you get back from there IR. Cheers