Jun. 9 at 8:28 AM
$HITI Verano: 1-for-5 reverse split June 11. 364M → ~73M shares. I wonder why.
Same week: Trulieve NYSE-listed.
$HITI: already Nasdaq-listed, only ~88M shares, clean structure. No prep needed. While others get ready — High Tide is already there.
Verano merger candidate? They launched Cabbage Club™ in 2024 — directly inspired by High Tide's model. CEO George Archos gets the concept. He just hasn't scaled it.
But would Raj fit into Verano's 162-dispensary ecosystem? Raj has always said location selection is everything — and that US operators manage stores poorly. His first move: close the underperformers, rebuild around loyalty and data.
That's not a problem. That's the value creation thesis.
$HITI $VRNOF $TRLV $GTBIF $TCNNF $MSOS $CRLBF $CURLF