Post by
BadgerUSA on Mar 02, 2021 8:04am
Good news and comparison.
I took Hitides forward next quarter retail sales only projection with meta stores included. With roughly 70 stores it comes out to about $365.000 U.S dollars generated per store per quarter. A similar 72 stote chain in the United States (Trulieve) is Generating $2,200.00 per retail location based on last quarter. That's 6 times more dollars per retail location. That's a substantially higher return on assets than Hitide. And that's with medical cannabis sales only , no recreational. Hitide has a way to go to get a lofty valuation. I for one am holding and sticking in there.
Comment by
jb24 on Mar 02, 2021 8:15am
Badger, if you look at the HT presetation you will see that the actual /store numbers are 555000/store and the news today says that HT has 72 stores now open and several more to come this year---so your estimates are way too low. gla
Comment by
jb24 on Mar 02, 2021 8:18am
ADJUSTMENT" Badger, if you look at the HT presetation you will see that the actual /store numbers are 555000/store/ quarter and the news today says that HT has 72 stores now open and several more to come this year---so your estimates are way too low. gla
Comment by
BadgerUSA on Mar 02, 2021 8:28am
its not low, If you read I took their forward quarter estimate with meta stores included. And you missed I reported it in U.S. dollars. You can only use roughly 88 percent of the earnings because that is what comes from retail sales. Start over and do the math.
Comment by
jb24 on Mar 02, 2021 8:45am
Hitide reports in Can. $.Even if reporting in us your still too low, ie, 400k /store/q.
Comment by
BadgerUSA on Mar 02, 2021 8:57am
simple math. 37 million Canadian for 1st quarter 2921. 88 percent of that is retail sales equalling 32,560,00 Canadian dollars. Divided by 72 stores equals 452,000 Canadian dollars per store. Converted to U.S. currency is $357,158.per store.
Comment by
BadgerUSA on Mar 02, 2021 8:28am
its not low, If you read I took their forward quarter estimate with meta stores included. And you missed I reported it in U.S. dollars. You can only use roughly 88 percent of the earnings because that is what comes from retail sales. Start over and do the math.