- Canadian cannabis retailer HITI has returned 272% to investors over the past 1 year, outperforming its competitor Fire & Flower by as much as four times.
- It could continue delivering superior returns in view of the exploding demand for recreational Cannabis in Canada and the fact that it has established early dominance in retail.
- It has been expanding aggressively and now has 87 licensed stores, up from less than 50 barely two years ago. Its long-term plan is to have more than 200 stores.
- Management has cleaned up the balance sheet and is exploring non-dilutive bank financing, which is critical in view of the shareholder dilution that many weed companies are known for.
- The current valuation grossly discounts the company’s potential, making it a good buy and hold stock that is now more widely available to investors thanks to its uplisting to the Nasdaq.
For further details see:
High Tide Will Continue Delivering Superior Returns