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High Tide is now 5th largest Canadian marijuana company by Quarterly Revenue!
https://www.newcannabisventures.com/cannabis-company-revenue-ranking/
Financials and Management’s Discussion & Analysis are out!
Financials:
https://www.sedar.com/GetFile.do?lang=EN&docClass=5&issuerNo=00045217&issuerType=03&projectNo=03199551&docId=4924518
Management’s Discussion & Analysis:
https://www.sedar.com/GetFile.do?lang=EN&docClass=5&issuerNo=00045217&issuerType=03&projectNo=03199551&docId=4924519
High Tide Inc's Revenues updated on page below:
https://www.newcannabisventures.com/cannabis-company-revenue-ranking
Once the numbers include the Meta Growth acquisition which begins next quarter High Tide will move to 4th or 5th position with highest quarterly revenues on this list.
The post amalgamated financials are now posted on Sedar.com for True Leaf Brands Inc.
https://www.sedar.com/search/search_form_pc_en.htm
Link to latest HITI 2020 Q4 results
https://twitter.com/HighTide_HITI
They wrote numbers will be announced on Twitter page also below:
Due to high demand for our financial statements in advance of our earnings report we are experiencing technical issues with our web server. We are working with our ISP to have this rectified as soon as possible. We will be tweeting a link to our 2020 Q4 results later this eve.
3:22 PM · Mar 1, 2021·Twitter for iPhone
I had two green ones today.
High Tide and this one below (2 tickers, same company)
https://finance.yahoo.com/quote/MJ.CN (Canadian ticker)
https://finance.yahoo.com/quote/TRLFF (US ticker)
High Tide price target doubled at ATB Capital
https://www.cantechletter.com/2021/02/high-tide-price-target-doubled-at-atb-capital/
I just emailed the company and this was their reply regarding the private placement time period that expired on the 19th of February, 2021.
Hi,
there will be news in due course
Jen
And Jennifer Pace is the one who wrote me back
https://ir.trueleafbrands.com/management-team
I emailed the company and the post amalgamated financial statements will be released on Monday, March 1, 2021 I've been told so it should look like a clean post-bankruptcy company now with very little debt.
OGI was up also today but only a little bit up despite opening up huge.
Most of the weed stocks were bloody red today.
Looks like the real play today was "let's make ALL but 1 or 2 weed stocks except OGI and less than a handful of others drop like flies today".
Look at the weed stocks today and their prices today, pretty much most bled RED.
Market manipulation and a little bit of selling before the long weekend since the stock markets in Canada/USA are closed on Monday is what caused this.
Just my 2 cents.
To answer your question, it doesn't say on my Trading platform how much SPRWF (FIRE) was expected to lose from those analysts that don't know how to predict anything in my honest opinion.
The best analysts are on message boards.
Supreme Cannabis beat Analysts expected NET REVENUE by 6.83 million and GROSS REVENUE by 10.137 million (in Canadian dollars) according to the Earnings/Revenue analyst tool on my online broker Scotia iTrade (yes I am Canadian).
OGI makes 1 million more per quarter than Supreme Cannabis and OGI has a market cap of 1.06 Billion and OGI has a DECLINING year to year growth ratio of NEGATIVE 23%.
On the other hand Supreme Cannabis has a market cap of 263.38 million and their revenues are only 1 million less per quarter and Supreme Cannabis has a INCREASING year to year growth ratio of POSITIVE 102%.
You can see all the Canadian revenues in page below:
https://www.newcannabisventures.com/cannabis-company-revenue-ranking
Supreme Cannabis is a gem, undervalued and this one will POP!
FIRE (Supreme Cannabis Co Inc.) has now made the cut in revenues in CAD dollars and now has been added on page below!!!!
https://www.newcannabisventures.com/cannabis-company-revenue-ranking
FIRE beat Analysts expected NET REVENUE by 6.83 million and GROSS REVENUE by 10.137 million (in Canadian dollars) according to the Earnings/Revenue analyst tool on my online broker Scotia iTrade (yes I am Canadian).
OGI makes 1 million more per quarter than FIRE and OGI has a market cap of 1.06 Billion and OGI has a DECLINING year to year growth ratio of NEGATIVE 23%.
On the other hand FIRE.TO has a market cap of 263.38 million and their revenues are only 1 million less per quarter and FIRE has a INCREASING year to year growth ratio of POSITIVE 102%.
You can see all the Canadian revenues in page below:
https://www.newcannabisventures.com/cannabis-company-revenue-ranking
FIRE is a gem, undervalued and this one will POP!
FIRE has now made the cut in revenues and now has been added on page below!!!!
https://www.newcannabisventures.com/cannabis-company-revenue-ranking
Another GREEN day for True Leaf while most weed stocks got crushed today with RED.
This one is the EASIEST 5 to 10 BAGGER you will ever make and doesn't get more undervalued than this.
True Leaf has just gone through restructuring (refer to PR below) and this restructuring has been accepted by the courts and is now completely finalized, and it has outstanding shares of 28.79 million and a current market cap of $21.3 million Canadian dollars (based on a closing share price of $0.74 CAD today on the Canadian ticker MJ)
https://ir.trueleafbrands.com/press-releases/detail/102/true-leaf-completes-amalgamation
Insiders and existing shareholders prior to the consolidation/amalgamation also own 24.68% of the outstanding shares (40.8% of 17,416,980 post consolidation shares as mentioned in PR below multiplied by the current outstanding shares of 28,791,535 as mentioned in this PR above) so the FLOAT is TINY and any major volume action will make this one pop big time!
https://ir.trueleafbrands.com/press-releases/detail/97/true-leaf-successfully-restructures-begins-new-chapter
Ticker is MJ on the CNX (CSE EXCHANGE) and TRLFF on the OTC.
https://finance.yahoo.com/quote/MJ.CN
https://finance.yahoo.com/quote/TRLFF
This one is SO UNDERVALUED and volume has been picking up BIG TIME on this one.
https://trueleaf.com
HITIF
Today is the first day Hightide has been added to Bloombergs Cannabis watchlist. Bigger audience will see all the good news ahead.
https://www.bnnbloomberg.ca/marijuana
A) SNDL Q2 2020 (3 months ended June 30)
1. Revenue: 24.3 mio CAD
2. Net loss. 60.4 mio CAD
3. Valuation: 6.6 billion USD @4,41 USD/Share
B) HITIF Q3 2020 (3 months ended July 31)
1. Revenue: 23.2 mio CAD
2. Net income: 4.2 mio CAD
3. Valuation: 325 million USD @0,78 USD/Share
If you had to choose between (A) or (B) which one would you choose ?
Look how undervalued High Tide Inc is compared to others (look at Canadian figures) and it has POSITIVE operating income unlike most of the others and has the highest year to year growth amongst the others listed on the Canadian side.
https://www.newcannabisventures.com/cannabis-company-revenue-ranking
HITI has greater revenues than OGI yet OGI has a market capitalization that is way larger than HITI so potential for HITI to rocket into the stratosphere is extremely possible in my humble opinion especially one NASDAQ approves HITI.
True Leaf has just gone through restructuring and this restructuring has been accepted by the courts and is now finalized, and it has outstanding shares of 28.79 million and a current market cap of $19.87 million as of right now (more or less).
Ticker is MJ on the CNX (CSE EXCHANGE) and also trades in US as TRLFF
This one is SO UNDERVALUED and volume has been picking up BIG TIME on this one.
https://www.trueleaf.com
https://finance.yahoo.com/quote/MJ.CN
https://finance.yahoo.com/quote/trlff
https://money.tmx.com/en/quote/MJ:CNX/news/5638334707261047/True_Leaf_Completes_Amalgamation
Bought more FIRE warrants just now on the Toronto Exchange.
Warrants are cheaper and give you greater returns when it pops up (in my opinion) especially after the earnings are announced after markets close on Thursday, February 11, 2021.
Here is the warrant information:
https://www.supreme.ca/supreme-cannabis-announces-closing-of-23-million-overnight-marketed-public-offering-including-full-exercise-of-over-allotment-option
I found the HITI warrants information that are being traded on the Canadian Exchange and those warrants are currently priced at a little bit of a discount now since the closing price of the Warrant ($0.40 CAD) plus the exercise price ($0.35 CAD) is less than what HITI common stock is currently trading on Canadian exchange (closed at $0.78 CAD).
https://www.newswire.ca/news-releases/tsx-venture-exchange-stock-maintenance-bulletins-893532934.html
New Listing – Warrants
Capitalization on Warrants: 40,076,412 Warrants are issued and outstanding
Transfer Agent: TSX Trust Company
Trading Symbol: HITI.WT
CUSIP Number: 42981E 12 0
The Warrants were issued pursuant to the prospectus offering of META which closed on February 6, 2020. One whole Warrant entitles the holder to purchase one common share of High Tide at a price of $0.35 per share and will expire on February 6, 2023.
Look at IDEX's increasing short interest.
https://www.nasdaq.com/market-activity/stocks/idex/short-interest
Cmon Wallstreetbets choose IDEX since J Capital Research and Hindenburg Research who wrote those BS short reports last summer and hopefully they can lose their shirts after we create a short squeeze since they drove the price of IDEX to the ground last year and profited from their short reports.
Wow, IDEX has 89,850 followers on Stocktwits right now, word is getting around.
So according to IDEX's SEC filings both mergers with Timios and Wave are now complete so hopefully we can start seeing the impact of their revenues after 1st Quarter is reported in 2021.
I am surprised that we still haven not seen a PR announcing completion of WAVE merger as there was a PR once the Timios merger was finalized.
Remember this is a Canadian company that traded on the Canadian Exchange yesterday and Canada was not closed for Martin Luther King so since the price increased almost 20% yesterday and it is up approx. another 20% today in Canada that's why you are seeing 40% increase today but as to why it is increasing I have no idea what's causing this.
Can someone explain to me why people are assuming the Q will be removed from this ticker ESPIQ with the Nevada Secretary of State (SOS)?
David Lazar's other play PFWIQ was awarded custodianship back in March 25, 2020 (last year) and it still has a Q in stock ticker so why do we expect ESPIQ to have the Q removed from the ticker so quickly?
Why will ESPIQ be any different than PFWIQ?
Am I missing something?
Info regarding Bitcoin and Ethereum holdings for IDEX:
https://docoh.com/filing/837852/0001104659-20-017753/IDEX-CORRESP and read this below from this page:
By way of introduction. The Company’s holdings of cryptocurrency are reported as holdings of GTB, Bitcoin (BTC) and Ethereum (ETH) in the Company’s account held at the AsiaEDX Exchange. However, as the Company has disclosed on page F-47 of its S-1/A filing dated February 5, 2020 the holdings of BTC and ETH represent GTB denominated in Bitcoin & Ethereum and as such donot represent a direct holding of BTC & ETH. Because the Company does not have a direct holding in Bitcoin and Ethereum, changes in the value of the Company’s Bitcoin & Ethereum are driven by changes in the GTB price and not the prices for Bitcoin & Ethereum.
Furthermore, on page F-46 of the February 5, 2020 S-1/A filing the Company has included the following disclosure… “To date the company has not been able to convert any of its crypto currency holdings to fiat. The Asia EDX exchange has indicated that it continues work towards providing exchangeability for coins held on the exchange into fiat. Management is unable to give any assurance as to when, if ever, the Asia EDX exchange will permit conversion of the company’s crypto currency holdings into fiat”
The Company concluded that its holdings of BTC and ETH should be valued at a de minimis amount because there is no assurance that these holdings can ever be converted to fiat and the underlying driver of the value of its holdings of BTC & ETH is the price of GTB and not the prices for BTC & ETH.
In response to Staff comments made subsequent to a conference call on February 11, 2020 between the Company and the Staff, the Company has removed all references to Bitcoin (BTC) and Ethereum (ETC) in its S-1A filing dated 2-12-2020
Great info about the warrants below:
https://money.stackexchange.com/questions/133310/why-are-stock-warrants-sometimes-sold-for-less-than-their-intrinsic-value
I know these warrants can be exercised at a price of $11.50 but only 30 days after the merger is complete but this other site says they expire on Dec 31, 2026 so I was wondering if this date on this site below is correct?
http://canadianwarrants.com/american/nasdaq.html#axzz6i8I0zhP5
Also Dec 31, 2026 is also written many times on page below:
https://sec.report/Ticker/CIICW
According to this document that was filed on 2019-11-22
https://sec.report/Document/0001213900-19-024500 it states this:
This is an initial public offering of our securities. Each unit has an offering price of $10.00 and consists of one share of our Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of our Class A common stock at a price of $11.50 per share, subject to adjustment as described in this prospectus, and only whole warrants are exercisable.
The warrants will become exercisable on the later of 30 days after the completion of our initial business combination or 12 months from the closing of this offering, and will expire five years after the completion of our initial business combination or earlier upon redemption or liquidation, as described in this prospectus. Subject to the terms and conditions described in this prospectus, we may redeem the warrants either for cash once the warrants become exercisable or for shares of our Class A common stock commencing 90 days after the warrants become exercisable. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. We have also granted the underwriters a 45-dayoption to purchase up to an additional3,375,000units to cover over-allotments, if any.
Here is a link with PDFs of merger details (there were three 8K's that were filed regarding the merger):
https://www.otcmarkets.com/filing/html?id=14511250&guid=1OqeUe0BaFfDD3h
https://www.otcmarkets.com/filing/html?id=14512861&guid=1OqeUe0BaFfDD3h
https://www.otcmarkets.com/filing/conv_pdf?id=14513484&guid=1OqeUe0BaFfDD3h
Ideanomics, Inc. Common Stock (IDEX)
$2.62
+1.08 (+70.13%)
CLOSED AT 4:00 PM ET ON NOV 23, 2020
DATA AS OF NOV 23, 2020 7:59 PM ET - AFTER HOURS
$2.97
+0.35 (+13.36%)
Nice close!
Interesting article on XRP
https://cointelegraph.com/news/xrp-price-rallies-91-in-a-month-due-to-3-fundamental-factors
Warrant ticker is
CIIC W
https://finance.yahoo.com/quote/CIICW?p=CIICW&.tsrc=fin-srch
Great article about ARVL (Arrival)
https://investorplace.com/2020/11/arrival-spac-merger-13-things-to-know-about-ev-play-arvl-stock/
They came out of bankruptcy pretty much and the courts accepted their restructuring plan as mentioned in press release below:
https://finance.yahoo.com/news/true-leaf-successfully-restructures-begins-003000029.html