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When it comes to global hashish inventory, investors have no shortage of options. And one of the hashish “penny inventories” that has recently attracted investors’ attention is High Tide (OTCMKTS: HITIF), a small retail operator of hashish retail in Canada. Not so long ago, HITIF’s inventory was trading at around 10 cents. Hitif’s percentage value is now 50 cents.
Is this a vintage trend of pumping and emptying hashish or the next thing in the hashish world?
It’s more likely to be the last than the first. In fact, if the top tide control is executed, hitIF’s action can be a potential investment opportunity 10 times greater, as the company becomes something like cannabis’s Walmart (NYSE: WMT).
Here’s a look at the High Tide and HITIF stocks.
High Tide is a ten-year-old, fast-growing omnichannel hashish retailer.
Physically, the company operates approximately 85 retail outlets in several provinces. The business is Alberta’s largest, where High Tide operates around 55 retail outlets, which we estimate gives you a market percentage of about 10% of retail. outlets in that province.
In e-commerce, High Tide has several Internet sites, such as GrassCity. com and SmokeCartel. com, that sell hashish and smoking accessories to others in Canada and the United States.
Above all, this expansion is not at the expense of margins, gross margins are around a very healthy 40%, while the corporate, even in this phase of hyperexpansion, has a positive Adjusted EBITDA.
It should also be noted that Canada’s leading hashish manufacturers, Aphria and Aurora, are investors in High Tide.
Ok. . . now that you know the company . . . the bull’s thesis.
A company will emerge, with a ton of cash, win over everyone in the area and rename everything under a non-unusual retail chain.
High Tide has to be this company.
This is because High Tide has the strategy, money and finance to achieve this.
For starters, High Tide to do this: the company is very focused on expanding its retail presence through store acquisitions.
Third, Aurora and Aphria provide High Tide with more resources to potentially explode for more firepower acquired on the road.
Fourth, High Tide is already profitable, so liquidity constraints are a challenge and, in the near future, the merger and acquisition strategy may be driven by the company’s money flow.
For these reasons, High Tide has a smart chance of consolidating and centralizing the Canadian hash market under its logo name.
If they do, these little $340 million will fly away.
High Tide, and the HITIF inventory, will offer a compelling and engaging way to take advantage of the looming hashish boom.
But HITIF’s inventory is far from the hash inventory to buy today, in fact, it’s not even one of the two most reasonable hash inventories to buy today.
Instead, the 2 most reasonable hashish inventories that can be purchased belong to the industry’s developing force and its largest provider of generation infrastructure. That’s why I included those two inventories as “strong buys” on my new logo venture capital type studio platform, The Innovation Investor, which aims to notice the most innovative and exciting corporations in the world, before everyone else, for our readers to buy at the beginning of the next potential winners of the 10X inventory market.
Click here to see your next 10x investment opportunity today.
Finding the first investments in hypergrowth industries, Luke Lango puts him on the ground of the megatendences that are turning the world. This is the purpose of its first technology-focused service, Innovation Investor. next-generation mobility titles, an Innovation Investor subscriber today.
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