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Cannabis Stocks Forum & Discussion

Welcome to the Cannabis Investing Newsletter Forum. This is for the cannabis stocks forum & discussion. Feel free to find your favorite cannabis stocks and contribute content as you please; content that continues the discussion of, and analysis of, cannabis stocks. – D. H. Taylor

High Tide HITI Stoc...
 
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High Tide HITI Stock and why I added this to my portfolio


D. H. Taylor
(@dhtaylor)
Member Admin
Joined: 2 years ago
Posts: 703
Topic starter  

As a recommendation from @cannabis-investing I started a new thread on the forum.  He had wanted to talk about his own portfolio and strategy and felt it would be an interesting learning experience for others.

Weekly, I will update my own portfolio picks, and this week I wanted to talk about High Tide HITI Stock and why I added it to my portfolio.  

One of the first things I wanted to point out is that I picked up HITI Stock back in October/November of 2020, before the big rush we saw in January & February of 2021.  The rush was for expectations of cannabis federal legalization from the so-called "Blue Wave".  My motivation was not driven by any federal legalization but owed to the fact that High Tide will be one of the biggest dispensary systems in Canada.  My thinking on that was there would be eventual profitability.  

Sure, there are profitable & unprofitable companies out there.  The weaker will be weeded out, so to speak; no pun intended.  From this, any dispensary system with a solid enough foundation will be able to draw in customers to become profitable.  

I had the forethought that eventually there would be a US MSO wanting to be international and dominant and that dispensaries will be key to that.  If there is already a dispensary system as well as being vertical, then any merger or acquisition would then be able to carry US brands in Canada, and vice versa.  I was playing the long game on this and willing to wait a few years.  

At the same time, I was also looking at the broader stock market and felt up-side potential was getting riskier and riskier.  Yet, on a relative basis, cannabis investing was under-appreciated.  I tried to envision the bigger picture out many years and what this could to as an investor.

For those who used to follow me on SeekingAlpha, I talked about an illness that took me out for some time.  When I came back, fortunately, it was at the absolute bottom for cannabis stocks.  I took advantage of this.  

I broke up my investments into equal parts and looked into investing in total as one organic industry where certain players will outperform others.  This is still the fundamental approach I use today and should I buy into more shares of a company, this will unbalance any one size over another.  I am sitting on some cash from my crypto exploits that I continue to day trade from.  

I like High Tide, but not ready to add to this position as I want to see more profitability in the net earnings area.  In the meantime, I will add to other stocks as they are net earnings profitable but, their stocks are depressed equally.  This is the story across the board for cannabis and I want to optimize as best I can during these halcyon days of investing in pot stocks.  


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Mike Korner
(@mikekorner)
Eminent Member
Joined: 1 year ago
Posts: 27
 
Posted by: @dhtaylor

Weekly, I will update my own portfolio picks, and this week I wanted to talk about High Tide HITI Stock and why I added it to my portfolio.

I look forward to this D.H. Understanding how you are playing things and positioning for the eventual blast off cannabis stock prices is helpful.


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D. H. Taylor
(@dhtaylor)
Member Admin
Joined: 2 years ago
Posts: 703
Topic starter  

@mike-korner

For me, HITI stock is a long-term investment.  I'm probably not going to sell any of this off.  My outlook for HITI stock forecast is based upon its ability to continually grow.  I also believe that High Tide gets acquired by a major US MSO wanting to dominate the world.  

I am looking to load up on stocks that I think will be explosive when these things take off.  I'll likely get in and out quickly with those, take the money and run.  Then, when things settle back down, I'm also likely to add into positions like this with the earnings from other stocks that I was in and out of.


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