Jul. 8 at 5:16 PM
$HITI remains my highest conviction play. I am holding approximately 161,000 shares. In my opinion, I believe this stock is one of the greatest buying opportunities of all time. Based on fundamentals alone, we should be at
$10 USD right now AT MINIMUM.
How you might ask?
$GTBIF is trading at a P/E of 50 currently. If you exclude the non-cash depreciation from last quarter, HITI is trading at a forward P/E of <10! And it still turned a profit with said depreciation!
Cannabis investors should keep HITI on their radar, as the Company doesn't depend on US legalization for a growth runway as
$MSOS do. By far and away, HITI is the best Canadian discount retailer, head and shoulders above its main competitors
$SNDL and
$NVACF.
With gross margins steadily increasing, profitability attained, growing cash reserves, and eyes on emerging markets such as Germany, HITI is a once-in-a-lifetime opportunity. At this price, it's simply a no-brainer.
