Bullboard - Stock Discussion Forum High Tide Inc V.HITI

Alternate Symbol(s): HITI

High Tide Inc. is a retail-focused cannabis company. Its segments include Bricks-and-mortar and E-commerce. Bricks-and-mortar operations includes the Canadian bricks-and-mortar locations, inclusive of the Canadian warehouse which supports the distribution of accessories and other items to the Canadian stores. Its E-commerce operations include the Company’s United States and international... see more

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TSXV:HITI - Post Discussion

High Tide Inc > Growing

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Post by sejd on Apr 04, 2021 2:56pm

Growing

Does the Meta portion of High tide actually grow bud?

Maybe thats the next step as far as aquisitions, something like a Supreme or something cheap.

I read somewhere 70% of consumers are buying their weed from retail, which bodes well for HITI

We'd be a take out target for some bigger players who want turnkey retail exposure, no?

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Comment by BigBagofWeed on Apr 05, 2021 9:21am

Their is 1.2 biilion grams of unsold weed sitting in retail vaultls across Canada. THEIR IS TOO MUCH WEED BEING PRODUCED FOR THE TAKING. Het Shah, managing director of Cannabis Benchmarks, said that Canada's monthly consumption rate comes to about 30,000 kilograms which means that three years worth of supply is currently idle. Where do you see the positive that consumers buy their ...more

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Comment by kentucky77 on Apr 05, 2021 10:04am

BBW.. thanks for the information. I believe the unsold weed is sitting mainly in the 'producer vaults' some of which happen to be retailers. Pure retailers such as HITI would have very low inventories and can regulate their selling prices on what is becoming a commodity product. That is why the the diversified business model of cannabis accessories and the websites are ...more

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Comment by MacDaddycfi1965 on Apr 05, 2021 10:15am

Your math is incorrect. There is 4 months supply if the average is 30000kg. consumption per month. Each month, Canadians consume 300 million grams according to your figures!

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Comment by BigBagofWeed on Apr 05, 2021 10:18am

I didn't say it . https://www.bnnbloomberg.ca/cannabis-canada-weekly-a-billion-grams-of-unsold-legal-pot-may-spell-further-woes-for-the-industry-1.1552770 https://cannabisretailer.ca/2021/why-is-there-so-much-cannabis-unsold/ https://www.mmjdaily.com/article/9287237/can-more-than-one-billion-grams-of-legal-cannabis-remains-unsold/

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