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HITIF - High Tide: Strong Growth Suggests Undervaluation
March, 17 2021 09:29 AM
High Tide Inc.
While the Canadian cannabis producer jumped 300% from its initial IPO price in November, I believe the company continues to trade at a discount. The legal cannabis market is gigantic and growing quickly; High tide is simultaneously seeing strong revenue growth. High Tide has a chance to multiply many times from current levels, considering valuations of peers and levels reached in 2018. Various risks remain, including high competition, low liquidity, and slower than expected adaptation of cannabis. For further details see:
High Tide: Strong Growth Suggests Undervaluation
Stock Information
Company Name:
High Tide Inc.
Stock Symbol:
HITIF
Market:
OTC
Website:
hightideinc.com
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