High Tide Inc V.HITI

The best deal in town - HITI.WT

[ProStreet340]

Warrants are still undervalued at $0.40/warrant HITI.WT
Exercise price is $0.35 until Feb, 2023
Current numbers extrapolate to less around a $0.75 premium *******
- Exercise price 15 x .35 = $ 5.25/share
- Current price   15 x .40 = $ 6.00/share
- Trading price today = $11.50/ share (or a gift of approx. $5.50/share)...

Go figure, the imbalance is erie and so right there...
Please comment and show me where/if I am wrong - I have 169K warrants and can't wait for the market to wake up...

Good luck
PS340

[kentucky77]

ProStreet... I hope your math is correct, however, the only reference I could find regarding these  warrants from the press release on High Tide website is as follows: "As disclosed on the press release dated May 12, 2021, there are currently 35,193,728 Common Shares purchase warrants originally issued by Meta Growth (“Meta Warrants”) listed for trading on the TSX Venture Exchange

[Newtrader1982]

you would have to buy the warrants and pay the exercise price to convert them to shares you are calculating it as if your warrants are shares already. So essentially if you do both exercise and buy warrants at current price you are paying almost the same as what it's trading at 11.50 vs 11.70 I don't see how you are getting a 5 dollar gift.

[Newtrader1982]

It will cost you almost 60 thousand dollars to Exercise your 169k warrants before you can turn around and sell them at whatever the sp is at.

[SpeedJ581]

First, that is incorrect. It will cost $49,010 to exercise 169,000 WT warrants. This is hypothetical because I don't know PS340's purchase price but we will use 35 cents. I will use share price going to $21 for the sample. This would have cost $59,150. 169,000 warrants entitle him to 9,285 shares (see my previous post). 9,285 shares at $21 is $194,985. $194,985 - $49,010 (cost to exercise

[Newtrader1982]

All my point is is that in his post he is talking about warrants he states the exercise price is 35 cents per warrant he also states current purchase price as 40 cents then goes on to talk about them as if you could buy them and exercise them immediately and somehow make 5 dollars profit that simply is not true. I would have to buy the 15 warrants and pay the exercise price on each one then I

[CDNstockwatcher]

Either way it is great for High Tide to get this financing done, bright future ahead When you have time take a look at this Colombian Cannabis Play. Market Cap is small at 10M CAD, and on Thursday they announced a deal with a big US player Industrial Hemp Farms.  $1.2M CAD a month in sales.  "is pleased to announce the execution of a Letter of Intent ("LOI") with

[ProStreet340]

OK - here is the info, as I am lost in this warrant mess. Before I continue, how can HITI arbitrarily lower the value by 20% ? This really seems unfair to those that bought the warrants to begin with. So, I have 2 accounts (Cash, RRSP) each with HITI stocks and warrants. acc1 - contains 116K .WT warrants purchased at average cost of Cdn $0.4807/each aac2 - contains 52.5k .WT warrants purchased

[kentucky77]

PS340 You need to read SpeedJ5 below in detail.... it is an excellent summary!