probably will have no effect the same way 100% plus increase in sales has no effect on share price we are about to get a record breaking earnings later today and volume has dried up, no build up to earnings release like previous earnings, just a lot of sideways low volume trading clearly being in the otc is holding this down snd we need to get off the otc to get out next big break out
From reading the article it seems home delivery is the issue. They can supply retailers but I see it affecting online sales. Good reason to have more than one outlet avenue. Things are so in flux what a crazy business and a crazy time. They have no such restrictions in Canada, that is a good thing now that they are opening more stores in Ontario. They send vape products regularly through the mail. Like quicksand the landscape is always moving. Maybe Uber or other entrepreneurial folks will pick up local business the fed toadies leave on the table
There is already a procedure put in place by UPS to counter the Nicotine Vape bylaw. Businesses will have to register, show tax collection verification and proof of age signature for customers to collect their vape delivery.
They will have to go to UPS registered points of access (like the CVS chain for one) to pick up. If anything this will strengthen the stronger distributor companies like High Tide because smaller vape on-line businesses won't want to go through the added trouble and the expense and will probably close or continue in illegal fashion. There are also numerous other private delivery carriers more then happy to step in as well.
Business to business sales from distributors are barely effected at all. If High Tide perceived a problem they would never have closed the Smoke Cartel acquisition or at least tried to re-negotiate price. Raj was aware of the change quite some time ago and that the intent of the change was never to stop vaporizer hardware sales but to stop teen-age nicotine vaping.
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