High Tide Inc V.HITI

nasdaq listing question

[johhnyr]

if its 4.80 cdn  as a minimum share price to be listed  that is a reverse split of 10 to 1  which depletes the amount of shares out there....we  know this is a great growth company ...could a reverse split send a wrong message?  since a lot of reverse splits are companies trying not to be delisted ...we are brick and mortar  during a pandemic  when most stores have curbside pick up or delivery ...all brick and mortar are suffering.... please excuse me if this has been asked before .. i think hiti wanted to raise eyebrows ....which  it obviously did  i am happy very happy  but do you think storming ahead for a nasdaq listing is a good idea right now? or just let  the stock price grow naturally.  hopefully in the spring all stores will be fully open including the 10 plus mets stores still in progress , that quarter will be truley amazing .....maybe that would be the correct time for nasdaq listing ....again i am sorry if its been asked before  but i really dont see the point of a nasdaq listing if its going to be a 10 to 1 reverse split   44 million shares in total .....i am not a savy stock market guy ...explain the bensfits of this like you are taliking to a noob   because i am!! lol

[Hammer1]

Great question. I would prefer for HITI to not split for all of the reasons you suggested.  Grind it out and see where the stock price is in a quarter or 2 ...or 3.  Perhaps we can get to the Naz without the split.  I find that people don't have enough patience these days.  My best. GL H

[teamcannabis]

this is all about first mover status,we will be the first large retailer on nazdaq.and in position when it goes legal federally in the us.Also us citizens cannot legally invest in retail or lp's on the tsx

[Charlotte]

when you say a reverse fold 10 -1 lacie would fall with 45 million do not forget that the echelon cie owns 10% of shares in hiti aurora and aphria plus the president all these big investors hold more than 25% of the cie so he will stay that 30 million held by small investors they will run out of shares for the usa don't forget that we will be the first cie cie in canadian cannabis on the

[SpeedJ581]

Don’t take this the wrong way, and I know others are thinking the same thing, but posts are so much easier to read with some punctuation.   Lol I’m just saying because I am interested in what everyone has to say.  (Well most people anyway)

[AlwaysHigh]

I agree 5 to 1 is more realistic, especially if there's a chance we can get to $1 before the split which is looking likely. And for anyone worrying about further dilution after the RS, they'll gain about $14 million with the exercise of the warrants. That and the fact that they're EBITDA positive, and still have access to $6 million in the credit line means they won't be hurting