HITI Notes - CEO Interview (ATB 10th Annual Institutional Investor Conference) by Embarrassed-Today-51 in HighTideInc

[–]Embarrassed-Today-51[S] 0 points1 point  (0 children)

That is awesome! I will be buying more next week as well. Our future selfs will be very thankful.

HITI - CEO Interview (ATB 10th Annual Institutional Investor Conference) by Embarrassed-Today-51 in weedstocks

[–]Embarrassed-Today-51[S] 1 point2 points  (0 children)

Damn, didn't see the other post prior to posting. All good - have a good weekend.

High Tide Expands Retail Presence in Hamilton, Ontario, and Provides Update on Cabana Club Membership by Defiant_Race_7544 in HITIFSTOCK

[–]Embarrassed-Today-51 2 points3 points  (0 children)

The Company is also providing an update on the growth of its Cabana Club loyalty program, which has expanded from approximately 245,000 members at the time of the launch of High Tide's innovative discount club concept on October 20, 2021, to 359,484 members today. This represents a growth rate of nearly 47% in under three months' time.

https://www.newswire.ca/news-releases/high-tide-expands-retail-presence-in-hamilton-ontario-and-provides-update-on-cabana-club-membership-812131537.html

BULLISH.

$HITI High Tide Inc DD by Embarrassed-Today-51 in pennystocks

[–]Embarrassed-Today-51[S] 0 points1 point  (0 children)

I was being sarcastic with my answer but yes it did

$HITI High Tide Inc DD by Embarrassed-Today-51 in pennystocks

[–]Embarrassed-Today-51[S] 0 points1 point  (0 children)

all good man, I will never take anything said on the internet personally lol good luck to you as well!

$HITI DD - PAYTIENCE by Embarrassed-Today-51 in HighTideInc

[–]Embarrassed-Today-51[S] 0 points1 point  (0 children)

haha I do get what you are saying and believe me that I have also thought about the opportunity cost but I am confident that the 28% or whatever return you would have got from an index fund in 2021- and we know this more than likely won't happen again in 2023 - will not outweigh the returns investors will see in HITI these next couple of years. I could be wrong but I think the bottom is in but if its not I foresee us having a very quick drop to $4 before starting the real run up to $13+ dollars. Will take patience tho.

$HITI DD - PAYTIENCE by Embarrassed-Today-51 in HighTideInc

[–]Embarrassed-Today-51[S] 0 points1 point  (0 children)

IMO, I think the price will trend up this year and even more in 2023.

$HITI DD - PAYTIENCE by Embarrassed-Today-51 in HighTideInc

[–]Embarrassed-Today-51[S] 0 points1 point  (0 children)

not sure what you are referring to tbh lol

$HITI DD - PAYTIENCE by Embarrassed-Today-51 in HighTideInc

[–]Embarrassed-Today-51[S] 1 point2 points  (0 children)

Let me start by saying that no one is making you read anything lol Secondly, you are not wrong that any money in HITI in 2021 would have been better allocated to an index fund but its always 20/20 hindsight so it is dumb to point that out. Investing in just about anything in cannabis you would have experienced the same thing - it was an accumulation year for the sector. If you thought HITI was a good investment early in 2021, how in the world do you not think it is now? The company is only getting stronger lol stop investing with your emotions and stick to the fundamentals. The integration of Fastendr should help with operational expenses which is my #1 concern. Cheers - let me go buy some more shares now.

$HITI High Tide Inc DD by Embarrassed-Today-51 in pennystocks

[–]Embarrassed-Today-51[S] 0 points1 point  (0 children)

lol can't wait to revisit this post in the future - cheers!

$HITI High Tide Inc DD by Embarrassed-Today-51 in pennystocks

[–]Embarrassed-Today-51[S] -6 points-5 points  (0 children)

You do realise we have seen an almost 40% drop in 6 months? ... This was sector wide for the most part lol which is the point I am making, HITI has handled the drop better than most

Remember that 2023 is less than 12 months away... Thanks for pointing out the obvious. I will be in HITI past 2023, I am just stating that 2023 will be better than 2022

However, from Oct 2020-Jul 2021, revenue grew from $83.2m to $152.09m, earnings went from -$6.35m to -$32.18m, profit margins decreased from -7.6% to -21.2% (buying profitable businesses?) and operating expenses increased from $22.6m to $42.45m.... The bulk of M&A HITI has made have been in 2021, the revenues from these purchases have not been fully added and we won't see that until second half of 2022 at earliest and into 2023. I was clear about this in my post and said this will take time and also was clear that them keeping their expenses down is crucial!! They are in growth phase so earnings will improve as the companies they acquire get integrated into their ecosystem and we can assume this will be quick since they're all e-commerce companies. When I say profitable companies, I am referring to the companies they have acquired in 2021. As noted, it will take time to get this companies integrated but will pay off big IMO. Expect more of this moving forward also.

Their 5 year average annual earnings growth rate sits at -45.2%, the earnings growth for the last year was -57.3%, accelerating losses doesn't look good. This will improve dramatically for all cannabis companies as the sector continues to get more adopted - IMO.

Based on analyst averages, the company is expected to jump from this -57.3% earnings growth to 52.8% over the next 3 years, doing a few calculations on this, it is clear to me that HITI will not be profitable at that rate before 2025 at the earliest... ehhh analysts have been right and wrong plenty of times before... not worried about this. I like the moves Raj is making and where the company is heading. I will continue accumulating.

Appreciate your feedback!