High Tide Inc V.HITI

congrats going to 5 bucks

[OILGENIE]

CALGARY, AB, Jan. 25, 2021 /CNW/ - High Tide Inc. ("High Tide" or the "Company") (TSXV: HITI) (OTCQB: HITIF) (FRA: 2LY), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, is pleased to announce that it is taking another step towards solidifying itself as the dominant player within the U.S. e-commerce marketplace for consumption accessories and hemp derived CBD products, by entering into an agreement to acquire Smoke Cartel, Inc. ("Smoke Cartel") (OTCQB: SMKC). Upon the closing of the acquisition of Smoke Cartel, High Tide will operate both the largest and second largest e-commerce platforms for consumption accessories in the world1 and believe it will be well positioned to begin online cannabis sales should the United States move towards federal legalization.

[OILGENIE]

Creating the necessary scale to take advantage of the continuing trend towards e-commerce, which according to data from Salesforce, resulted in a 45% year-over-year digital sales increase in the first two weeks of December globally. Providing access to Smoke Cartel's proprietary drop-shipping technology, creating new revenue generation opportunities across all High Tide's e-commerce

[fayrobin]

I am a believer

[JaInvest]

The news just keeps getting better.  I still wish they would buy 1933 and all their retail outlets in Nevada, but you are right, e-commerce is a great segway into the US and global markets.

[OILGENIE]

would be nice if weed or caopy bought them out

[antonaki1]

This post has been removed in accordance with Community Policy

[antonaki1]

This post has been removed in accordance with Community Policy

[TheProphetElijah]

Tremendous end of day buying and volume.  And when the rest of the sector was in red. Pandmonium tomorrow.  Hang tight and be right.