Jun. 16 at 7:53 PM
Impressive numbers from
$HITI in their Q2 earnings call
I wouldn’t be surprised to see them merge with
$GTBIF or
$TRLV
The entire cannabis sector is massively undervalued, but especially High Tide when compared to peers
All analysts maintain a buy rating and the stock currently trades at only .5 P/S ratio
For comparison,
$TSLA trades at 15x and
$SPCX at 99x
The current market reminds me of the shoeshine boys giving stock advice in 1929
The modern investor doesn’t know how to read a P&L statement or balance sheet, they simply follow the latest trends
That strategy has worked in recent history, and may continue to work for the foreseeable future
However one thing is always guaranteed—sheep are led to the slaughter