High Tide Inc V.HITI

Todays Action

[Oldweed]

So the US MJ ETF under Amplify is to be liquidated, this is what likely caused the panic today. Just normal course of business if a fund isn't making enough money to warent the cost of maintaining it. The actual holdings in that specific fund are small and most likely will just get shifted around under Amplify's larger umbrella or maybe sold on the open market. From what I understand this is nothing to panic about, what we saw was in the market was well overdone. However, it is sign that things are tough for the MSOs today, and price compression is happening south of the border. Canada went through this and one of the most successful MJ business in the sector rose from the ashes......HITI. Tested, proven, battle worthy, and more than ready for the US market with all the hard work behind them. Simply nowhere better to be in the sector.

[Ronbromleygross]

Correct.   That EFT closing down had NO exposure to Hiti in its holdings.  Their top holdings included Curalief, Trulief and perhaps MSOS too I believe.  Hiti just went down on the overall market pullback.  We will rebound.   As I mentioned before, the MSO's are going to continue to pull back until the USA reform news surfaces.  They are dead if no reform

[pacer217]

When I looked at the HOLDINGS page -- it showed HITI @ 3.60%.   (#9 of the top ten ) That is smaller than all of the other poular stocks that trade here , like TLRY etc.

[Babuwabu]

I like your analogy “the MSO's currently gave anywhere between 30 to 50 percent gross margins and they still can't turn a profit?  What a joke.  I think only Greenthumb is profitable.  Wait till the discount retailer Hiti invades USA with their 27 percent gross margins and ability to turn a profit too.  Raj is going to squeeze them there too just like he is doing in

[Oldweed]

The MSOs are a real businesses with good revenue, the issue is the 280E that will be resolved once the safe banking act gets through. This will likley be the same trigger for HITI to enter the USA, so I would expect the the competition to be fierce. I would not be surprised to see one of the top 5 MSO make a bid for HITI at that time.

[Ronbromleygross]

My guess is that one if not more of the MSO's already had a partnership agreement with Raj and Hiti over 1 year ago when Raj talked about that on one of the podcasts that he has a "Roladex" of opportunities with US partnerships ready to go once he gets the green light to enter the USA upon reform news.   My guess is he may get better opportunities today considering how low the

[Oldweed]

Yep, impossible to get a clear market view now, I remember there being a partnership agreed upon for the USA. I vaguely remember "Green" in the name, but that could be GTII or the company CURA bought "Northern Green" for German supply. As you pointed out, the market is very fluid, and on top of the existing players you can be sure there are plenty of Whales looking into the

[Oldweed]

Also, an important point to consider, the MSOs are at the brink of a price war, the market is saturated, we saw the same thing in Canada. It is this event that forced HITI to adjust and become stronger. I mentioned this before, we have already done the hard lifting the MSOs have still yet to do. Even CURA, the US equivialnt of CGC (growth growth growth) in the global conquest has put on the brakes

[Babuwabu]

Time is on our side, a little more time the better. I mean, while the MSO’s are going through major restructuring, the market is saturated, and at the brink of a price war, High Tide is increasing their market share in Canada and profitability.   High Tide will have that much more cash available to deploy in Germany and in the USA for partnership once the reform news is favorable

[Oldweed]

Yep, we are indeed in a great position. Just for fun, consider we are over Roaring Kitty's min 250,000,000 market cap requirement, my guess is he will get interested when we break that 5.00 ceiling. The setup on this stock is locked and loaded now, any number of catalysts (such as purring kitties) can set this one off! Curious to see what the market thinks of Tirlray's numbers tomorrow