- 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