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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

TSXV:HITI - Post Discussion

High Tide Inc > Re. Press Release
View:
Post by Babuwabu on Dec 18, 2024 10:01am

Re. Press Release

This snip in the Press Release will answer some concerns earlier here of future financing.

From Raj:

"I am thrilled to announce that by the end of 2024, High Tide will have successfully opened 29 new stores, achieving our publicly stated goal of adding 20 to 30 locations across Canada this year. This remarkable growth has been driven by our strong free cash flow, allowing us to expand without tapping into our cash reserves. 
 

"Canada remains a dynamic and exciting growth market as we advance toward our ambitious goal of 300 locations nationwide within the next few years. Simultaneously, we are equally energized by our recently launched international initiatives that will drive our global expansion. I want to take this opportunity to thank our dedicated team for their unwavering efforts, especially as we push through December. Their hard work continues to be the backbone of our success," added Mr. Grover.


The large drop we've seen in share price and overreaction was way over done.

Comment by Ronbromleygross on Dec 18, 2024 11:46am
Too many are still clueless and jump to conclusions assuming the worst.  That's what separates speculators from smart investors.  Smart people do their research and proper DD and stay focused, calm and rational.  Let Raj focus on his gameplan while the others in this space are still clinging to reform hopes and nothing else with no plan B for them.   As I said before, Raj ...more  
Comment by Oldweed on Dec 18, 2024 12:02pm
Could not agree more, very excited to see the online hemp platform get traction in the US, just the beginning for 2025!!! Don't forget, we are on the NAS, and avoided the hedge funds on the TSX!
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