High Tide Inc V.HITI

Nasdaq

[Fullnelson237]

Hiti has not approved a reverse.  They will continue to execute and post great numbers in Jan which will drive share price much higher.  When the time is right they will do a reverse, perhaps a five to one but who knows.  This will allow them to finalize Nasdaq listing and will be very, very positive to stock price.  I can't wait.  2021 will be excellent for Hiti.

[HightideHippie]

Wrong, rs was approved a long time ago, they can do it whenever they want. 

[Josephnr]

Just to reiterate; reverse stock split was approved by shareholders back in 2019. High Tide can initiate R/S anytime they want

[TheProphetElijah]

Buy while stock is still held down for accumulation

[Hammer1]

Not sure why I cannot find that anywhere... but I am fairly new here. Horrible strategy if its true just to get the Naz listing.   In my experience with the Jr.'s it gets you there (the Nas) but the share price typically falls back to or close to the pre split price.  The nas isn't that important.  Get there on merit / financials and avoid R/S that tend to never work

[SpeedJ581]

  I think all of these posts about the reverse split being a bad idea are extremely narrow minded and not very well thought out.  How much time was put into understanding the many reasons some companies do it? If a company is dropping below a certain point, they often have to do it to maintain a listing. Also, high evaluations like cannabis stocks had in the beginning would cause them

[Hammer1]

That's the theory, I have heard that all a million times..... I have NEVER seen it work.  

[HightideHippie]

Well then you haven't been around long or haven't followed great companies because it has happened many many times and been very successful.  Doesn't work in pump n dump companies just trying to stay listed because the share price is at zero, totally different.

[Hammer1]

Hippie you are correct....just 20 plus years of investing.  Bought CGC, ACB and OGI and a few more 5 or more years ago (not bad ;)).  I like HITI and think it has great potential or I woundn't be here... I'm just not a fan of R/S's and am not a fan of doing one just to get listed on the NAS.  Plug away, be patient and get the stock to 2 bucks on it's own merits. 

[Charlotte]

I do not know if you know it to go on the nasadaq it is not like the other roll backton title must be minimum $ 2.00 to be registered and 85 million market value and if your title drops below a certain price it is discounted from nasdaq   it serious

[SpeedJ581]

Show us an example with similar revenue to market cap, EPS, EBITDA if there are so many examples. You won’t be able to because the majority of what you are talking about are companies in a declining state trying to hold share price up.   Take it as a friendly challenge. HITI will do much better getting out of its penny stock status. Either way I hope everyone does well in 2021. Glad 2020 is

[Hammer1]

I am not in the business of ripping into a stock that I am long on.   Please feel free to show me examples of companies that have sucessfully navigated a RS with similar market caps, EPS and EBITDA.  I would love to be wrong.  Take it as a friendly challenge. H

[teamcannabis]

who cares? maybe this will be the first one and do you think they know a few things you dont.Thats why people like you don't run this company

[SpeedJ581]

You claimed there were lots of examples, not me. My point was they are in a unique situation unlike others so.... Anyhow, they will do it anyway regardless of your opinion. Let's hope I'm right if your long.    Lol  

[Hammer1]

Are you being serious?  You are actually hoping for a R/S?   In all my years I have never heard anyone cheering for a R/S.  Companies like HUGE thought they had to do one due to their outstanding share count and be able to rally for the Naz  at the tune of 201:1. Hexo is one I own that just did one to hold their listing on the Naz. .  I would have rather they lost

[teamcannabis]

1,we are not licenced producers,we are retailers. not in the same catagory.2 Cannabis is not federally legal in the us yet,but might be soon. americans can not invest in canadian weed companys. ask  people who travel to the us and have their passports possibely taken away who hold canadian pot stocks.When the us goes legal federally we will be positioned at the top of the food chain for first

[Oldngrouchy]

Hammer is a silly tool   You nailed it though    Looking forward to big news and big numbers    Rajeev is just starting  

[SpeedJ581]

You just proved my point.  Hexo has revenue on par with Hightide now but even with High Tides recent increase in price HEXO's market cap is more then 5x greater.  Let alone the others that you mentioned that are still overvalued. Hexo may have better cash position (I don't really follow it anymore) and there are other reasons for it to be higher perhaps but still. Different

[Hammer1]

Yes we can agree to disagree.  If I can ask you one more question as I am trying to fully understand your position;  is it your belief  (or anyone elses for the matter) that HITI cannot make it to 2 bucks without a RS?  Serious question.  And just confirming, it's a 5 to 1 that was voted on? Have a good evening. H

[SpeedJ581]

  I don't know what if anything was agreed soon as far as quantity. Currently I don't think the company is worth a billion dollar market cap so it would perhaps cause missed opportunities to wait that long.  

[SpeedJ581]

[Sledd66]

Hammer, the difference with this RS is its a positive one, not a saving grace one. Hightide currently has 445mil shares outstanding. I believe when they agreed on an RS it was for up to a maximum of 20:1 split. In my opinion, the bigger the split the better. If they did a 20:1 today from 25 cents cad, it would convert the price to $5.00 but shrink the float to 22mil shares outstanding, with a good

[teamcannabis]

I think hiti can make it to $2 but its the time required to get there,could be 2-3 years maybe never.We have a board of directors that work and get paid to make the best decesions for us.These people are always thnking 1 or 2 years ahead of everyone else.You can be guareenteed they have a plan,whats good for them is good for us.sometimes you have to move fast on opportunities to maximize bennefit.

[BullMovement]

It is on merit! And because the stock is undervalued as hell, more exposure to US investors should bring this to where it belongs. because the Nasdaq has that rule of $2 or w.e minimum stock price then a reverse split is the only way to get to that. Theres no way they do a reverse split to get to lets say $3 per share and then the stock to fall back to .30 cents because that would make the comlany