High Tide Inc V.HITI

Penny stock to millionaire? Hiti on the short list

[Ronbromleygross]

Great article below and shows you the potential Hiti has.  There is a great focus on finding undervalued stocks trading at fractions of their intrinsic values.  

- p/s at roughly .35
- annual sales run rate of roughly $488m usa / $510m cdn
- forecasted to get to $1b sales in cda alone within 3 years with Ontario store count expansion.
- growing "positive" FCF
- 20 to 30 new stores in 2024 funded from FCFP
- dilution not required unless a major M&A which Raj will avoid unless it's a screaming buy
- Ontario - 3.1x sales over competition
- Alberta - 2x sales over competition
- Canada alone to keep Hiti busy over next 3 years
- Germany / USA expansion ready to go once Raj gets the green light followed by int'l expansion
- Discount club model works and will steal market share and sales in USA and int'l
- Raj to grow gross margins by increasing prices second half 2024.  
- Elite and Cabanna memberships continue to grow exponentially.
- Raj the largest shareholder and has NEVER sold a share.
- Insiders continuing to buy

- Joint venture with a MSO imo for USA expansion

- Last bull run Hiti went from $3 to $16 in 5 short months (Oct 2020 to Feb 2021) around that time
- Largest retailer in Canada by sales
- Growing market share 
- Choking the competition out of the market 
- Hiti has a bullseye on its back as acquisition target

I doubt anyone will get to a millionaire investing only $1,000 in Hiti as the article says but you should get there if you invest something decent and just have some patience to wait it out.  Raj is making all the right moves and is getting the Hiti name out there based on increased interviews and podcasts.  His ER's tell the truth and the anakysts are growing in vilumes who are intimating coverage and price targets.  The price targets are ALL much higher than todays share price. Know what you own and wait for the market to wake up and price this microcap based on its intrinsic value and strong business model and fundamentals.  Long and strong! 

https://stkt.co/CeaYhq7p

[Oldweed]

Yep, couldn't agree more with your summary, the biggest risk I see is we get bought out before we make that 1st million! Even then we will still do well.

[Ronbromleygross]

The advantage we have here is that Raj is no dummy and knows what the value of "his baby/company" is worth.  As one of the few "owner/operators" in this space there is a tremendous and different attitude placed here the kind of like a "mother/child" relationship that you do not take lightly.  You don't get that with a hired gun CEO who is more interested

[Oldweed]

Yeah, your right, HITI really is in a good spot, and has a CEO taking care of business. I just might pick up some more next week.

[caretired1]

They will benefit as a retailer with positive changes recommended in March from the Health Cda expert committee,  Anything postive there could be a catalyst for the stock - around the same time as the next quarterly report.