Jaguar f pace 30t 0 60
Itasha
2013.03.23 02:02 Ahanaf Itasha
A subreddit for everything itasha Discord server: discordapp.com/invite/E3WEK4R
2008.06.08 23:47 Formula 1
The best independent Formula 1 community anywhere. News, stories and discussion from and about the world of Formula 1.
2021.06.02 08:48 Saitama_Inu Saitama_Inu
Saitama Inu Family - New Defi Token on the block! Find us on: Dextools (Saitama) Twitter (https://t.me/Saitama_Inu) Discord (https://discord.gg/NrACXHguQs) Facebook - Saitama Inu (Official Cryptocurrency) You can trade us on Uniswap: https://www.dextools.io/app/uniswap/pair-explore0x9cbfb60a09a9a33a10312da0f39977cbdb7fde23
2023.04.01 12:56 sevgilim5518 How do ı solve this issue ?
 | When ı try to look into modded items their descriptions are all rainbow and ı can't read anything submitted by sevgilim5518 to ror2 [link] [comments] https://preview.redd.it/bbaxa7xb79ra1.jpg?width=1920&format=pjpg&auto=webp&s=cb0a745ad0e920dd9900a5d150d39a40e006632a |
2023.04.01 12:55 Lonely_While_5377 Hmm poor Jag… (223) slick tires and 8 RQ higher is crazy
 | submitted by Lonely_While_5377 to TopDrives [link] [comments] |
2023.04.01 12:52 GroundbreakingRow264 any suggestions have 80k mt
 | submitted by GroundbreakingRow264 to MyTeam [link] [comments] |
2023.04.01 12:34 PoochyEXE I can't believe I actually FR'd an April Fools chart.
 | submitted by PoochyEXE to arcaea [link] [comments] |
2023.04.01 12:15 mf69420dhm Thanks pu$$y game from 1.060.000 to 1.014.600 thanks for all pu$$y stcripted games u make on thanks pu$$y game
 | submitted by mf69420dhm to FUTMobile [link] [comments] |
2023.04.01 12:11 Turbulent_Explorer46 Why can’t I play here
 | I have 6 TOTW players in my team. Don’t mind their placement. I only want to get tokens to get Ronaldo. submitted by Turbulent_Explorer46 to FUTMobile [link] [comments] |
2023.04.01 11:12 FriedKidneys Started Playing in January, Here's my team evolution as a f2p (i do buy 1$ starter packs)
 | submitted by FriedKidneys to FUTMobile [link] [comments] |
2023.04.01 10:13 mi555trZ [Store] 300+ KNIVES AND GLOVES e.g. Slingshot, Snow Leopard, Tiger Strike, Cobalt Skulls, Turtle, Butterfly Autotronic MW & Slaughter MW ST , Skeleton Crimson Web FT, Karambit Lore MW & Autotronic MW & Vanilla, M9 Marble Fade ST & Lore FT & Crimson Web FT, Gut Sapphire, Falchion Emerald & many more
Taking csgo skins mainly (knives, gloves, aks, m4s, awps and so on). Anything as long as offer is good.
I don't update this list everyday, so I have many items which aren't listed here. Check if something interests you! Also, some of the items are on trade hold, for release date you can add me or check by yourself.
TRADE LINK: https://steamcommunity.com/tradeoffenew/?partner=35769104&token=J30wyEpy
Add me to talk here: https://steamcommunity.com/profiles/76561197996034832
Keys from these buy outs aren't TF2 keys. I don't take Hydra keys either.
Gloves/wraps:
Gloves Slingshot FT 0.36 float - B/O 200 keys
Gloves Snow Leopard FT 0.36 float - B/O 170 keys
Gloves Snow Leopard FT 0.37 float - B/O 170 keys
Gloves Tiger Strike FT 0.32 float - B/O 150 keys
Wraps Cobalt Skulls FT 0.28 float - B/O 120 keys
Wraps Cobalt Skulls FT 0.35 float - B/O 120 keys
Gloves Turtle MW 0.13 float - B/O 100 keys
Gloves Field Agent FT 0.36 float - B/O 90 keys
Gloves Omega BS 0.73 float - B/O 90 keys
Gloves Crimson Weave FT 0.36 float - B/O 80 keys
Gloves Diamondback MW 0.13 float - B/O 70 keys
Gloves Lt. Commander FT 0.20 float - B/O 70 keys
Gloves Black Tie FT 0.35 float - B/O 60 keys
Gloves Scarlet Shamagh W 0.38 float - B/O 60 keys
Gloves Charred MW 0.13 float - B/O 60 keys
Gloves Mogul FT 0.18 float - B/O 60 keys
Gloves Mogul FT 0.21 float - B/O 60 keys
Gloves Imperial Plaid BS 0.55 float - B/O 55 keys
Wraps Slaughter WW 0.38 float - B/O 50 keys
Gloves Turtle FT 0.37 float - B/O 45 keys
Gloves Blood Pressure FT 0.37 float - B/O 45 keys
Gloves Turtle WW 0.39 float - B/O 40 keys
Gloves Mogul BS 0.53 float - B/O 35 keys
Gloves Snakebite MW 0.12 float - B/O 35 keys
Wraps Arboreal MW 0.12 float - B/O 35 keys
Gloves Case Hardened MW 0.12 float - B/O 35 keys
Gloves Diamondback FT 0.37 float - B/O 35 keys
Gloves Bronze Morph BS 0.73 float - B/O 30 keys
Gloves Buckshot MW 0.12 float - B/O 30 keys
Gloves Overtake FT 0.22 float - B/O 25 keys
Gloves Jaguar Queen FT 0.16 float - B/O 30 keys
Gloves Jaguar Queen FT 0.26 float - B/O 25 keys
Gloves Smoke Out BS 0.54 float - B/O 20 keys
Gloves Rezan FT 0.16 float - B/O 25 keys
Gloves Overtake WW 0.38 float - B/O 20 keys
Gloves Jaguar Queen WW 0.38 float - B/O 20 keys
Gloves Needle Point FT 0.16 float - B/O 20 keys
Gloves Case Hardened FT 0.16 float - B/O 20 keys
Gloves Case Hardened FT 0.33 float - B/O 17 keys
Gloves 3rd Company FT 0.35 flat - B/O 17 keys
Gloves Rezan WW 0.38 float - B/O 17 keys
Gloves Snakebite FT 0.16 float - B/O 20 keys
Gloves Snakebite FT 0.24 foat - B/O 17 keys
Gloves Unhinged FT 0.33 float - B/O 15 keys
Gloves Jaguar Queen BS 0.54 float - B/O 15 keys
Wraps Desert Shamagh FT 0.33 float - B/O 15 keys
Gloves Bronzed BS 0.46 float - B/O 14 keys
Wraps Duct Tape FT 0.24 float - B/O 14 keys
Gloves Yellow-banded BS 0.63 float - B/O 14 keys
Gloves Transport BS 0.68 float - B/O 14 keys
Gloves Emerald FT 0.26 float - B/O 14 keys
Wraps Duct Tape BS 0.47 float - B/O 14 keys
Wraps Duct Tape WW 0.37 float - B/O 14 keys
Gloves Unhinged BS 0.48 float - B/O 13 keys
Gloves Emerald BS 0.55 float - B/O 12 keys
Gloves Rattler FT 0.27 float - B/O 11 keys
Gloves Mangrove FT 0.15 float - B/O 11 keys
Knives and high tier items:
Butterfly Autotronic MW 0.09 float - B/O 450 keys
Karambit Lore MW 0.09 float - B/O 450 keys
Falchion Emerald FN 0.03 float - B/O 400 keys
Karambit Autotronic MW 0.13 float - B/O 350 keys
M9 Marble Fade FN ST 0.01 float - B/O 350 keys
Butterfly Slaughter MW ST 0.11 float - B/O 350 keys
Talon Fade FN 96% 0.02 float - B/O 350 keys
Skeleton Crimson Web FT 0.30 float - B/O 300 keys
Karambit Tiger Tooth FN 0.02 float - B/O 300 keys
Karambit Vanilla - B/O 300 keys
M9 Lore FT 0.26 float - B/O 300 keys
M9 Lore FT 0.28 float - B/o 300 keys
Gut Sapphire FN 0.03 float - B/O 250 keys
Bayonet Marble Fade FN 0.01 float - B/O 200 keys
Karambit Bright Water FN 0.04 float - B/O 190 keys
Flip Fade FN 99% 0.003 float - B/O 250 keys
Flip Lore FN 0.05 float - B/O 170 keys
Flip Lore FN 0.06 float - B/O 170 keys
Karambit Bright Water MW 0.11 float - B/O 170 keys
Ursus Fade FN 95% 0.007 float - B/O 170 keys
M9 Crimson Web FT 0.33 float - B/O 170 keys
M9 Crimson Web FT 0.36 float - B/O 170 keys
Stiletto Doppler MW P4 0.07 float - B/O 160 keys
M9 Freehand FN 0.05 float - B/O 160 keys
Karambit Freehand FT 0.37 float - B/O 160 keys
Karambit Bright Water FT 0.22 float - B/O 150 keys
Karambit Bright Water FT 0.33 float - B/o 150 keys
Stiletto Marble Fade FN 0.02 float - B/O 150 keys
Bayonet Doppler FN P1 0.02 float - B/O 150 keys
M9 Freehand MW 0.11 float - B/O 150 keys
Butterfly Safari Mesh FT 0.19 float - B/O 150 keys
Butterfly Forest Ddpat FT 0.26 float - B/O 150 keys
Stiletto Slaughter FN 0.03 float - B/O 140 keys
Flip Doppler FN P2 ST 0.03 float - B/O 140 keys
Nomad Vanilla - B/O 140 keys
Daggers Black Pearl FN 0.03 float - B/O 140 keys
Talon Slaughter FT 0.16 float - B/O 140 keys
Stiletto Doppler FN P1 0.007 float - B/O 140 keys
Stiletto Doppler FN P1 0.01 float - B/O 140 keys
M9 Damascus Steel FT 0.18 float - B/O 140 keys
Nomad Vanilla ST - B/O 140 keys
Flip Doppler FN P4 0.04 float - B/O 130 keys
M9 Bright Water FT 0.21 float - B/O 130 keys
M9 Blue Steel WW ST 0.43 float - B/O 130 keys
Stiletto Tiger Tooth FN 0.006 float - B/O 130 keys
Ursus Crimson Web MW 0.12 float - B/O 130 keys
Flip Lore MW 0.13 float - B/O 130 keys
Stiletto Slaughter MW 0.11 float - B/O 130 keys
Stiletto Vanilla - B/O 130 keys
Paracord Crimson Web MW 0.14 float - B/O 130 keys
M9 Urban Masked MW 0.09 float - B/O 120 keys
Karambit Urban Masked FT 0.36 float - B/O 120 keys
M9 Ultraviolet FT 0.37 float - B/O 120 keys
Stiletto Slaughter FT 0.19 float - B/O 110 keys
M9 Freehand WW ST 0.41 float - B/O 110 keys
Flip Doppler FN P1 0.03 float - B/O 110 keys
Paracord Slaughter FN ST 0.03 float - B/O 110 keys
M9 Stained WW 0.40 float - B/O 110 keys
Flip Tiger Tooth FN 0.03 float - B/O 110 keys
Karambit Safari Mesh BS 0.75 float - B/O 110 keys
M9 Night BS 0.49 float - B/O 100 keys
M9 Stained BS 0.71 float - B/O 100 keys
Ursus Slaughter FN 0.06 float - B/O 100 keys
Flip Autotronic MW 0.14 float - B/O 100 keys
Bowie Gamma Doppler FN P4 0.004 float - B/O 100 keys
Flip Slaughter MW 0.11 float - B/O 100 keys
M9 Forest Ddpat FT 0.29 float - B/O 100 keys
M9 Boreal Forest FT 0.16 float - B/O 100 keys
Talon Damascus Steel FT 0.37 float - B/O 100 keys
Huntsman Fade FN 84% 0.03 float - B/O 100 keys
M9 Safari Mesh FT ST 0.26 float - B/O 90 keys
Bowie Marble Fade FN ST 0.009 float - B/O 90 keys
Stiletto Crimson Web FT 0.36 float - B/O 90 keys
M9 Scorched FT 0.15 float - B/O 90 keys
Flip Lore FT 0.29 float - B/O 90 keys
Ursus Tiger Tooth FN 0.008 float - B/O 90 keys
Gut Fade FN ST 84% 0.01 float - B/O 85 keys
Paracord Slaughter MW ST 0.08 float - B/O 85 keys
Bayonet Black Laminate FT 0.31 float - B/O 85 keys
Ursus Vanilla - B/O 85 keys
Classic Crimson Web MW ST 0.13 float - B/O 85 keys
Nomad Blue Steel MW ST 0.13 float - B/O 80 keys
Flip Crimson Web FT 0.37 float - B/O 80 keys
Huntsman Marble Fade FN 0.007 float - B/O 80 keys
Classic Slaughter FT 0.15 float - B/o 80 keys
Bowie Doppler FN P1 0.03 float - B/O 80 keys
Daggers Fade FN 94% 0.008 float - B/O 80 keys
Falchion Autotronic FN 0.01 float - B/O 80 keys
Flip Autotronic FT 0.23 float - B/O 80 keys
Huntsman Gamma Doppler FN P3 0.02 float - B/O 80 keys
Falchion Doppler FN P1 0.03 float - B/O 80 keys
Huntsman Doppler FN P3 0.007 float - B/O 75 keys
Bowie Marble Fade FN 0.05 float - B/O 75 keys
Falchion Marble Fade FN 0.05 float - B/O 75 keys
Gut Autotronic FN 0.05 float - B/O 75 keys
Stiletto Case Hardened WW 0.44 float - B/O 70 keys
Huntsman Tiger Tooth FN ST 0.008 float - B/O 70 keys
Survival Slaughter MW 0.08 float - B/O 70 keys
Talon Urban Masked FT 0.16 float - B/O 70 keys
Nomad Blue Steel BS 0.87 float - B/O 70 keys
Daggers Doppler FN P4 0.03 float - B/O 68 keys
Flip Freehand MW 0.11 float - B/O 65 keys
Navaja Fade FN 93% 0.01 float - B/O 65 keys
Talon Forest Ddpat FT 0.19 float - B/O 63 keys
Paracord Case Hardened MW 0.14 float - B/O 62 keys
Gut Gamma Doppler FN P2 0.03 float - B/O 62 keys
Falchion Slaughter FN 0.05 float - B/O 61 keys
Stiletto Night MW 0.13 float - B/O 61 keys
Flip Autotronic BS 0.78 float - B/O 60 keys
Bayonet Rust Coat BS 0.66 float - B/O 60 keys
Bayonet Ultraviolet BS 0.55 float - B/O 60 keys
Bayonet Ultraviolet WW 0.38 float - B/O 58 keys
Bayonet Ultraviolet FT 0.19 float - B/O 58 keys
Bayonet Night FT 0.25 float - B/O 57 keys
Paracord Crimson Web WW 0.38 float - B/O 57 keys
Falchion Tiger Tooth MW 0.07 float - B/O 55 keys
Flip Case Hardened WW 0.42 float - B/o 55 keys
Flip Freehand FT 0.20 float - B/O 55 keys
Bayonet Safari Mesh MW 0.13 float - B/O 55 keys
Navaja Doppler FN P2 0.02 float - B/O 55 keys
Stiletto Ultraviolet WW 0.38 float - B/O 54 keys
Flip Black Laminate BS 0.74 float - B/O 54 keys
Falchion Vanilla ST - B/O 54 keys
Stiletto Rust Coat BS ST 0.51 float - B/O 53 keys
Ursus Ultraviolet FT ST 0.35 float - B/o 53 keys
Stiletto Rust Coat BS 0.54 float - B/O 53 keys
Bayonet Boreal FT 0.32 float - B/O 52 keys
Falchion Slaughter MW 0.11 float - B/O 52 keys
Flip Ultraviolet FT 0.20 float - B/O 52 keys
Daggers Doppler FN P3 0.007 float - B/O 51 keys
Daggers Marble Fade FN 0.006 float - B/O 50 keys
Navaja Doppler FN P1 0.03 float - B/O 50 keys
Flip Night FT 0.26 float - B/O 48 keys
Daggers Vanilla - B/O 48 keys
Ursus Blue Steel MW 0.11 float - B/o 48 keys
Bowie Black Laminate FN 0.04 float - B/O 47 keys
Ursus Ultraviolet FT 0.33 float - B/O 47 keys
Bowie Vanilla - B/O 47 keys
Falchion Lore WW ST 0.39 float - B/O 46 keys
Paracord Case Hardened WW 0.43 float - B/O 45 keys
Huntsman Black Laminate FT 0.28 float - B/O 43 keys
Flip Night BS 0.68 float - B/O 43 keys
Gut Autotronic FT 0.34 float - B/O 42 keys
Navaja Slaughter FN 0.05 float - B/O 41 keys
Gut Doppler FN P3 0.01 float - B/O 40 keys
Gut Tiger Tooth FN 0.06 float - B/O 38 keys
Paracord Blue Steel FT 0.28 float - B/O 38 keys
Paracord Case Hardened BS 0.81 float - B/O 38 keys
Flip Urban Masked FT 0.32 float - B/O 38 keys
Huntsman Ultraviolet MW 0.12 float - B/O 38 keys
Flip Scorched FT 0.35 float - B/O 38 keys
Gut Autotronic BS 0.83 float - B/O 37 keys
Flip Forest Ddpat FT 0.35 float - B/O 37 keys
Nomad Scorched FT 0.35 float - B/O 37 keys
Bowie Ultraviolet MW 0.14 float - B/O 37 keys
Flip Safari Mesh FT 0.35 float - B/O 37 keys
Gut Slaughter MW 0.13 float - B/O 36 keys
Bowie Night MW 0.10 float - B/O 36 keys
Huntsman Blue Steel MW 0.11 float - B/O 36 keys
Daggers Case Hardened MW 0.10 float - B/O 35 keys
Navaja Tiger Tooth FN 0.01 float - B/O 35 keys
Ursus Boreal Forest MW 0.08 float - B/O 35 keys
Ursus Blue Steel FT 0.35 float - B/O 34 keys
Survival Blue Steel WW 0.39 float - B/O 34 keys
Ursus Urban Masked FT 0.34 float - B/O 33 keys
Navaja Vanilla - B/O 33 keys
Classic Scorched MW 0.14 float - B/O 33 keys
Ursus Scorched MW 0.13 float - B/O 33 keys
Huntsman Damascus Steel FT 0.25 float - B/O 32 keys
Ursus Safari Mesh MW 0.12 float - B/O 32 keys
Gut Lore BS 0.59 float - B/O 32 keys
Bowie Black Laminate FT 0.20 float - B/O 32 keys
Daggers Autotronic MW 0.14 float - B/o 31 keys
Paracord Night FT 0.26 float - B/O 31 keys
Huntsman Freehand FT 0.26 float - B/O 31 keys
Daggers Case Hardened WW 0.40 float - B/O 31 keys
Survival Scorched BS ST 0.70 float - B/O 30 keys
Gut Bright Water FN 0.06 float - B/o 30 keys
Gut Damascus Steel MW 0.13 float - B/o 30 keys
Navaja Boreal MW ST 0.13 float - B/O 30 keys
Ursus Safari Mesh FT 0.35 float - B/o 29 keys
Huntsman Bright Water FT 0.20 float - B/O 28 keys
Gut Black Laminate MW 0.08 float - B/O 28 keys
Gut Ultraviolet MW 0.11 float - B/O 28 keys
Ursus Scorched FT 0.33 float - B/O 28 keys
Paracord Urban Masked WW ST 0.42 float - B/O 28 keys
Survival Urban Masked FT 0.36 float - B/O 28 keys
Falchion Stained MW 0.12 float - B/O 27 keys
Daggers Autotronic FT 0.26 float - B/O 27 keys
Bowie Forest Ddpat MW 0.13 float - B/O 27 keys
Huntsman Ultraviolet FT 0.35 float - B/O 27 keys
Gut Black Laminate FT 0.37 float - B/O 27 keys
Daggers Stained MW 0.08 float - B/O 27 keys
Navaja Damascus Steel FN 0.04 float - B/O 27 keys
Gut Crimson Web FT 0.19 float - B/O 27 keys
Huntsman Bright Water BS 0.46 float - B/o 26 keys
Daggers Black Laminate MW 0.12 float - B/O 26 keys
Daggers Damascus steel FT 0.20 float - B/O 25 keys
Huntsman Rust Coat BS 0.46 float - B/O 25 keys
Navaja Ultraviolet MW 0.12 float - B/O 25 keys
Daggers Freehand FT 0.30 float - B/O 25 keys
Navaja Crimson Web FT 0.28 float - B/O 25 keys
Bowie Rust Coat WW 0.43 float - B/O 25 keys
Paracord Safari Mesh FT 0.35 float - B/O 25 keys
Survival Scorched BS 0.68 float - B/O 25 keys
Falchion Scorched FT 0.22 float - B/o 24 keys
Navaja Blue Steel FT 0.36 float - B/O 24 keys
Bowie Rust Coat BS 0.59 float - B/O 24 keys
Navaja Blue Steel MW 0.12 float - B/O 23 keys
Daggers Ultraviolet BS 0.52 float - B/O 22 keys
Navaja Night MW 0.13 float - B/o 22 keys
Daggers Stained BS 0.73 float - B/O 22 keys
Daggers Bright Water FT 0.27 float - B/o 22 keys
Gut Freehand WW 0.42 float - B/o 22 keys
Navaja Damascus Steel FT 0.15 float - B/O 22 keys
Falchion Boreal BS ST 0.45 float - B/O 21 keys
Navaja Ultraviolet FT 0.16 float - B/o 21 keys
Navaja Damascus Steel WW 0.40 float - B/O 21 keys
Daggers Forest Ddpat FT 0.34 float - B/O 21 keys
Navaja Rust Coat BS 0.47 float - B/O 20 keys
Daggers Rust Coat BS 0.64 float - B/o 20 keys
Navaja Safari Mesh FT 0.30 float - B/O 18 keys
Navaja Urban Masked FT 0.28 float - B/O 18 keys
Navaja Boreal BS 0.67 float - B/O 18 keys
Navaja Safari Mesh BS 0.65 float - B/O 17 keys
Navaja Urban Masked BS 0.75 float - B/O 17 keys
submitted by mi555trZ to GlobalOffensiveTrade [link] [comments]
I don't update this list everyday, so I have many items which aren't listed here. Check if something interests you! Also, some of the items are on trade hold, for release date you can add me or check by yourself.
TRADE LINK: https://steamcommunity.com/tradeoffenew/?partner=35769104&token=J30wyEpy
Add me to talk here: https://steamcommunity.com/profiles/76561197996034832
Keys from these buy outs aren't TF2 keys. I don't take Hydra keys either.
Gloves/wraps:
Gloves Slingshot FT 0.36 float - B/O 200 keys
Gloves Snow Leopard FT 0.36 float - B/O 170 keys
Gloves Snow Leopard FT 0.37 float - B/O 170 keys
Gloves Tiger Strike FT 0.32 float - B/O 150 keys
Wraps Cobalt Skulls FT 0.28 float - B/O 120 keys
Wraps Cobalt Skulls FT 0.35 float - B/O 120 keys
Gloves Turtle MW 0.13 float - B/O 100 keys
Gloves Field Agent FT 0.36 float - B/O 90 keys
Gloves Omega BS 0.73 float - B/O 90 keys
Gloves Crimson Weave FT 0.36 float - B/O 80 keys
Gloves Diamondback MW 0.13 float - B/O 70 keys
Gloves Lt. Commander FT 0.20 float - B/O 70 keys
Gloves Black Tie FT 0.35 float - B/O 60 keys
Gloves Scarlet Shamagh W 0.38 float - B/O 60 keys
Gloves Charred MW 0.13 float - B/O 60 keys
Gloves Mogul FT 0.18 float - B/O 60 keys
Gloves Mogul FT 0.21 float - B/O 60 keys
Gloves Imperial Plaid BS 0.55 float - B/O 55 keys
Wraps Slaughter WW 0.38 float - B/O 50 keys
Gloves Turtle FT 0.37 float - B/O 45 keys
Gloves Blood Pressure FT 0.37 float - B/O 45 keys
Gloves Turtle WW 0.39 float - B/O 40 keys
Gloves Mogul BS 0.53 float - B/O 35 keys
Gloves Snakebite MW 0.12 float - B/O 35 keys
Wraps Arboreal MW 0.12 float - B/O 35 keys
Gloves Case Hardened MW 0.12 float - B/O 35 keys
Gloves Diamondback FT 0.37 float - B/O 35 keys
Gloves Bronze Morph BS 0.73 float - B/O 30 keys
Gloves Buckshot MW 0.12 float - B/O 30 keys
Gloves Overtake FT 0.22 float - B/O 25 keys
Gloves Jaguar Queen FT 0.16 float - B/O 30 keys
Gloves Jaguar Queen FT 0.26 float - B/O 25 keys
Gloves Smoke Out BS 0.54 float - B/O 20 keys
Gloves Rezan FT 0.16 float - B/O 25 keys
Gloves Overtake WW 0.38 float - B/O 20 keys
Gloves Jaguar Queen WW 0.38 float - B/O 20 keys
Gloves Needle Point FT 0.16 float - B/O 20 keys
Gloves Case Hardened FT 0.16 float - B/O 20 keys
Gloves Case Hardened FT 0.33 float - B/O 17 keys
Gloves 3rd Company FT 0.35 flat - B/O 17 keys
Gloves Rezan WW 0.38 float - B/O 17 keys
Gloves Snakebite FT 0.16 float - B/O 20 keys
Gloves Snakebite FT 0.24 foat - B/O 17 keys
Gloves Unhinged FT 0.33 float - B/O 15 keys
Gloves Jaguar Queen BS 0.54 float - B/O 15 keys
Wraps Desert Shamagh FT 0.33 float - B/O 15 keys
Gloves Bronzed BS 0.46 float - B/O 14 keys
Wraps Duct Tape FT 0.24 float - B/O 14 keys
Gloves Yellow-banded BS 0.63 float - B/O 14 keys
Gloves Transport BS 0.68 float - B/O 14 keys
Gloves Emerald FT 0.26 float - B/O 14 keys
Wraps Duct Tape BS 0.47 float - B/O 14 keys
Wraps Duct Tape WW 0.37 float - B/O 14 keys
Gloves Unhinged BS 0.48 float - B/O 13 keys
Gloves Emerald BS 0.55 float - B/O 12 keys
Gloves Rattler FT 0.27 float - B/O 11 keys
Gloves Mangrove FT 0.15 float - B/O 11 keys
Knives and high tier items:
Butterfly Autotronic MW 0.09 float - B/O 450 keys
Karambit Lore MW 0.09 float - B/O 450 keys
Falchion Emerald FN 0.03 float - B/O 400 keys
Karambit Autotronic MW 0.13 float - B/O 350 keys
M9 Marble Fade FN ST 0.01 float - B/O 350 keys
Butterfly Slaughter MW ST 0.11 float - B/O 350 keys
Talon Fade FN 96% 0.02 float - B/O 350 keys
Skeleton Crimson Web FT 0.30 float - B/O 300 keys
Karambit Tiger Tooth FN 0.02 float - B/O 300 keys
Karambit Vanilla - B/O 300 keys
M9 Lore FT 0.26 float - B/O 300 keys
M9 Lore FT 0.28 float - B/o 300 keys
Gut Sapphire FN 0.03 float - B/O 250 keys
Bayonet Marble Fade FN 0.01 float - B/O 200 keys
Karambit Bright Water FN 0.04 float - B/O 190 keys
Flip Fade FN 99% 0.003 float - B/O 250 keys
Flip Lore FN 0.05 float - B/O 170 keys
Flip Lore FN 0.06 float - B/O 170 keys
Karambit Bright Water MW 0.11 float - B/O 170 keys
Ursus Fade FN 95% 0.007 float - B/O 170 keys
M9 Crimson Web FT 0.33 float - B/O 170 keys
M9 Crimson Web FT 0.36 float - B/O 170 keys
Stiletto Doppler MW P4 0.07 float - B/O 160 keys
M9 Freehand FN 0.05 float - B/O 160 keys
Karambit Freehand FT 0.37 float - B/O 160 keys
Karambit Bright Water FT 0.22 float - B/O 150 keys
Karambit Bright Water FT 0.33 float - B/o 150 keys
Stiletto Marble Fade FN 0.02 float - B/O 150 keys
Bayonet Doppler FN P1 0.02 float - B/O 150 keys
M9 Freehand MW 0.11 float - B/O 150 keys
Butterfly Safari Mesh FT 0.19 float - B/O 150 keys
Butterfly Forest Ddpat FT 0.26 float - B/O 150 keys
Stiletto Slaughter FN 0.03 float - B/O 140 keys
Flip Doppler FN P2 ST 0.03 float - B/O 140 keys
Nomad Vanilla - B/O 140 keys
Daggers Black Pearl FN 0.03 float - B/O 140 keys
Talon Slaughter FT 0.16 float - B/O 140 keys
Stiletto Doppler FN P1 0.007 float - B/O 140 keys
Stiletto Doppler FN P1 0.01 float - B/O 140 keys
M9 Damascus Steel FT 0.18 float - B/O 140 keys
Nomad Vanilla ST - B/O 140 keys
Flip Doppler FN P4 0.04 float - B/O 130 keys
M9 Bright Water FT 0.21 float - B/O 130 keys
M9 Blue Steel WW ST 0.43 float - B/O 130 keys
Stiletto Tiger Tooth FN 0.006 float - B/O 130 keys
Ursus Crimson Web MW 0.12 float - B/O 130 keys
Flip Lore MW 0.13 float - B/O 130 keys
Stiletto Slaughter MW 0.11 float - B/O 130 keys
Stiletto Vanilla - B/O 130 keys
Paracord Crimson Web MW 0.14 float - B/O 130 keys
M9 Urban Masked MW 0.09 float - B/O 120 keys
Karambit Urban Masked FT 0.36 float - B/O 120 keys
M9 Ultraviolet FT 0.37 float - B/O 120 keys
Stiletto Slaughter FT 0.19 float - B/O 110 keys
M9 Freehand WW ST 0.41 float - B/O 110 keys
Flip Doppler FN P1 0.03 float - B/O 110 keys
Paracord Slaughter FN ST 0.03 float - B/O 110 keys
M9 Stained WW 0.40 float - B/O 110 keys
Flip Tiger Tooth FN 0.03 float - B/O 110 keys
Karambit Safari Mesh BS 0.75 float - B/O 110 keys
M9 Night BS 0.49 float - B/O 100 keys
M9 Stained BS 0.71 float - B/O 100 keys
Ursus Slaughter FN 0.06 float - B/O 100 keys
Flip Autotronic MW 0.14 float - B/O 100 keys
Bowie Gamma Doppler FN P4 0.004 float - B/O 100 keys
Flip Slaughter MW 0.11 float - B/O 100 keys
M9 Forest Ddpat FT 0.29 float - B/O 100 keys
M9 Boreal Forest FT 0.16 float - B/O 100 keys
Talon Damascus Steel FT 0.37 float - B/O 100 keys
Huntsman Fade FN 84% 0.03 float - B/O 100 keys
M9 Safari Mesh FT ST 0.26 float - B/O 90 keys
Bowie Marble Fade FN ST 0.009 float - B/O 90 keys
Stiletto Crimson Web FT 0.36 float - B/O 90 keys
M9 Scorched FT 0.15 float - B/O 90 keys
Flip Lore FT 0.29 float - B/O 90 keys
Ursus Tiger Tooth FN 0.008 float - B/O 90 keys
Gut Fade FN ST 84% 0.01 float - B/O 85 keys
Paracord Slaughter MW ST 0.08 float - B/O 85 keys
Bayonet Black Laminate FT 0.31 float - B/O 85 keys
Ursus Vanilla - B/O 85 keys
Classic Crimson Web MW ST 0.13 float - B/O 85 keys
Nomad Blue Steel MW ST 0.13 float - B/O 80 keys
Flip Crimson Web FT 0.37 float - B/O 80 keys
Huntsman Marble Fade FN 0.007 float - B/O 80 keys
Classic Slaughter FT 0.15 float - B/o 80 keys
Bowie Doppler FN P1 0.03 float - B/O 80 keys
Daggers Fade FN 94% 0.008 float - B/O 80 keys
Falchion Autotronic FN 0.01 float - B/O 80 keys
Flip Autotronic FT 0.23 float - B/O 80 keys
Huntsman Gamma Doppler FN P3 0.02 float - B/O 80 keys
Falchion Doppler FN P1 0.03 float - B/O 80 keys
Huntsman Doppler FN P3 0.007 float - B/O 75 keys
Bowie Marble Fade FN 0.05 float - B/O 75 keys
Falchion Marble Fade FN 0.05 float - B/O 75 keys
Gut Autotronic FN 0.05 float - B/O 75 keys
Stiletto Case Hardened WW 0.44 float - B/O 70 keys
Huntsman Tiger Tooth FN ST 0.008 float - B/O 70 keys
Survival Slaughter MW 0.08 float - B/O 70 keys
Talon Urban Masked FT 0.16 float - B/O 70 keys
Nomad Blue Steel BS 0.87 float - B/O 70 keys
Daggers Doppler FN P4 0.03 float - B/O 68 keys
Flip Freehand MW 0.11 float - B/O 65 keys
Navaja Fade FN 93% 0.01 float - B/O 65 keys
Talon Forest Ddpat FT 0.19 float - B/O 63 keys
Paracord Case Hardened MW 0.14 float - B/O 62 keys
Gut Gamma Doppler FN P2 0.03 float - B/O 62 keys
Falchion Slaughter FN 0.05 float - B/O 61 keys
Stiletto Night MW 0.13 float - B/O 61 keys
Flip Autotronic BS 0.78 float - B/O 60 keys
Bayonet Rust Coat BS 0.66 float - B/O 60 keys
Bayonet Ultraviolet BS 0.55 float - B/O 60 keys
Bayonet Ultraviolet WW 0.38 float - B/O 58 keys
Bayonet Ultraviolet FT 0.19 float - B/O 58 keys
Bayonet Night FT 0.25 float - B/O 57 keys
Paracord Crimson Web WW 0.38 float - B/O 57 keys
Falchion Tiger Tooth MW 0.07 float - B/O 55 keys
Flip Case Hardened WW 0.42 float - B/o 55 keys
Flip Freehand FT 0.20 float - B/O 55 keys
Bayonet Safari Mesh MW 0.13 float - B/O 55 keys
Navaja Doppler FN P2 0.02 float - B/O 55 keys
Stiletto Ultraviolet WW 0.38 float - B/O 54 keys
Flip Black Laminate BS 0.74 float - B/O 54 keys
Falchion Vanilla ST - B/O 54 keys
Stiletto Rust Coat BS ST 0.51 float - B/O 53 keys
Ursus Ultraviolet FT ST 0.35 float - B/o 53 keys
Stiletto Rust Coat BS 0.54 float - B/O 53 keys
Bayonet Boreal FT 0.32 float - B/O 52 keys
Falchion Slaughter MW 0.11 float - B/O 52 keys
Flip Ultraviolet FT 0.20 float - B/O 52 keys
Daggers Doppler FN P3 0.007 float - B/O 51 keys
Daggers Marble Fade FN 0.006 float - B/O 50 keys
Navaja Doppler FN P1 0.03 float - B/O 50 keys
Flip Night FT 0.26 float - B/O 48 keys
Daggers Vanilla - B/O 48 keys
Ursus Blue Steel MW 0.11 float - B/o 48 keys
Bowie Black Laminate FN 0.04 float - B/O 47 keys
Ursus Ultraviolet FT 0.33 float - B/O 47 keys
Bowie Vanilla - B/O 47 keys
Falchion Lore WW ST 0.39 float - B/O 46 keys
Paracord Case Hardened WW 0.43 float - B/O 45 keys
Huntsman Black Laminate FT 0.28 float - B/O 43 keys
Flip Night BS 0.68 float - B/O 43 keys
Gut Autotronic FT 0.34 float - B/O 42 keys
Navaja Slaughter FN 0.05 float - B/O 41 keys
Gut Doppler FN P3 0.01 float - B/O 40 keys
Gut Tiger Tooth FN 0.06 float - B/O 38 keys
Paracord Blue Steel FT 0.28 float - B/O 38 keys
Paracord Case Hardened BS 0.81 float - B/O 38 keys
Flip Urban Masked FT 0.32 float - B/O 38 keys
Huntsman Ultraviolet MW 0.12 float - B/O 38 keys
Flip Scorched FT 0.35 float - B/O 38 keys
Gut Autotronic BS 0.83 float - B/O 37 keys
Flip Forest Ddpat FT 0.35 float - B/O 37 keys
Nomad Scorched FT 0.35 float - B/O 37 keys
Bowie Ultraviolet MW 0.14 float - B/O 37 keys
Flip Safari Mesh FT 0.35 float - B/O 37 keys
Gut Slaughter MW 0.13 float - B/O 36 keys
Bowie Night MW 0.10 float - B/O 36 keys
Huntsman Blue Steel MW 0.11 float - B/O 36 keys
Daggers Case Hardened MW 0.10 float - B/O 35 keys
Navaja Tiger Tooth FN 0.01 float - B/O 35 keys
Ursus Boreal Forest MW 0.08 float - B/O 35 keys
Ursus Blue Steel FT 0.35 float - B/O 34 keys
Survival Blue Steel WW 0.39 float - B/O 34 keys
Ursus Urban Masked FT 0.34 float - B/O 33 keys
Navaja Vanilla - B/O 33 keys
Classic Scorched MW 0.14 float - B/O 33 keys
Ursus Scorched MW 0.13 float - B/O 33 keys
Huntsman Damascus Steel FT 0.25 float - B/O 32 keys
Ursus Safari Mesh MW 0.12 float - B/O 32 keys
Gut Lore BS 0.59 float - B/O 32 keys
Bowie Black Laminate FT 0.20 float - B/O 32 keys
Daggers Autotronic MW 0.14 float - B/o 31 keys
Paracord Night FT 0.26 float - B/O 31 keys
Huntsman Freehand FT 0.26 float - B/O 31 keys
Daggers Case Hardened WW 0.40 float - B/O 31 keys
Survival Scorched BS ST 0.70 float - B/O 30 keys
Gut Bright Water FN 0.06 float - B/o 30 keys
Gut Damascus Steel MW 0.13 float - B/o 30 keys
Navaja Boreal MW ST 0.13 float - B/O 30 keys
Ursus Safari Mesh FT 0.35 float - B/o 29 keys
Huntsman Bright Water FT 0.20 float - B/O 28 keys
Gut Black Laminate MW 0.08 float - B/O 28 keys
Gut Ultraviolet MW 0.11 float - B/O 28 keys
Ursus Scorched FT 0.33 float - B/O 28 keys
Paracord Urban Masked WW ST 0.42 float - B/O 28 keys
Survival Urban Masked FT 0.36 float - B/O 28 keys
Falchion Stained MW 0.12 float - B/O 27 keys
Daggers Autotronic FT 0.26 float - B/O 27 keys
Bowie Forest Ddpat MW 0.13 float - B/O 27 keys
Huntsman Ultraviolet FT 0.35 float - B/O 27 keys
Gut Black Laminate FT 0.37 float - B/O 27 keys
Daggers Stained MW 0.08 float - B/O 27 keys
Navaja Damascus Steel FN 0.04 float - B/O 27 keys
Gut Crimson Web FT 0.19 float - B/O 27 keys
Huntsman Bright Water BS 0.46 float - B/o 26 keys
Daggers Black Laminate MW 0.12 float - B/O 26 keys
Daggers Damascus steel FT 0.20 float - B/O 25 keys
Huntsman Rust Coat BS 0.46 float - B/O 25 keys
Navaja Ultraviolet MW 0.12 float - B/O 25 keys
Daggers Freehand FT 0.30 float - B/O 25 keys
Navaja Crimson Web FT 0.28 float - B/O 25 keys
Bowie Rust Coat WW 0.43 float - B/O 25 keys
Paracord Safari Mesh FT 0.35 float - B/O 25 keys
Survival Scorched BS 0.68 float - B/O 25 keys
Falchion Scorched FT 0.22 float - B/o 24 keys
Navaja Blue Steel FT 0.36 float - B/O 24 keys
Bowie Rust Coat BS 0.59 float - B/O 24 keys
Navaja Blue Steel MW 0.12 float - B/O 23 keys
Daggers Ultraviolet BS 0.52 float - B/O 22 keys
Navaja Night MW 0.13 float - B/o 22 keys
Daggers Stained BS 0.73 float - B/O 22 keys
Daggers Bright Water FT 0.27 float - B/o 22 keys
Gut Freehand WW 0.42 float - B/o 22 keys
Navaja Damascus Steel FT 0.15 float - B/O 22 keys
Falchion Boreal BS ST 0.45 float - B/O 21 keys
Navaja Ultraviolet FT 0.16 float - B/o 21 keys
Navaja Damascus Steel WW 0.40 float - B/O 21 keys
Daggers Forest Ddpat FT 0.34 float - B/O 21 keys
Navaja Rust Coat BS 0.47 float - B/O 20 keys
Daggers Rust Coat BS 0.64 float - B/o 20 keys
Navaja Safari Mesh FT 0.30 float - B/O 18 keys
Navaja Urban Masked FT 0.28 float - B/O 18 keys
Navaja Boreal BS 0.67 float - B/O 18 keys
Navaja Safari Mesh BS 0.65 float - B/O 17 keys
Navaja Urban Masked BS 0.75 float - B/O 17 keys
2023.04.01 10:12 Philip19967 Ultimate High Tide DD
Below is the latest in-depth and summary DD from High Tide (a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets. The Company is the largest non-franchised cannabis retail chain in Canada, with 151 current locations spanning British Columbia, Alberta, Saskatchewan, Manitoba and Ontario) which I hope will be appreciated and shared.
What I find important to note is the following:
High Tide is valued at approximately 120 million CAD market cap with double-digit annual growth and quarterly reduced expenses, in an ultra-competitive market, a constant increase in gross margins and a turnover of over 450 million annually. The company trades at 0.5 times the sales… These few lines, in addition to the in-depth and exhaustive dd, should make us reflect on the true value of the company and not on what the market values it now.
Earnings are expected after markets close tomorrow, enjoy reading :)
HIGH TIDE
ticker -- NASDAQ:HITI / TSXV:HITI
GLOBAL CANNABIS (brick&mortar & e-commerce) EMPIRE
🥦THC
⚕️ CBD
🍶 Accessories
📊 Data
🏧 Kiosks
🌱 Seeds
🇨🇦 🇺🇸 🇬🇧 🇩🇪
INVESTOR PRESENTATION: https://hightideinc.com/wp-content/uploads/2023/03/High-Tide-Investor-Presentation-Mar-21-2023.pdf [Updated march 2023]
Latest Earnings -> https://hightideinc.com/high-tide-reports-second-consecutive-quarter-of-record-revenue-and-adjusted-ebitda-118-million-and-5-5-million-respectively/
SOURCE STORY Snapshot: CEO and Raj Grover started the company that became High Tide with $50,000 and a vision. With never more than $30 million in the bank, Raj strategically transformed one store into today's 151-store, multi-vertical, growth rate of over $400 million in '23.
When they were only 8mln 4 years ago!
Wisely borrowing pages directly from dominant retail companies' playbooks of: COST COST: Club Membership = Low Prices = Loyalty = Market Share
STARBUCKS SBUX: dollar is selling the coffee, not growing the beans
High Tide's strategy is unique and farsighted, given the number of companies currently competing with themselves and the market saturation which increasingly reduces margins, but this does not affect High Tide.
#1 IN 🇨🇦 REVENUE FROM CANNABIS
High Tide Named Canada's Top Revenue Generating Cannabis Company [11/30/22]. https://www.forbes.com/sites/benjaminadams/2022/11/30/high-tide-named-canadas-top-revenue-generating-cannabis-company/?sh=384eced66033
CAPITAL MARKETS Highlights: the current share price is $1.20 USD, it is at a P/S multiple of 0.5 because the market capitalization is $160 million (USDcad) and the execution rate is $CAd 450 million (2023) . LOW FLOAT: Only ~55 million float = rapid upward movement in share price. Institutions, ETFs (MJ, THCX, YOLO, MJXL)
GLOBAL 🥦 THC + ⚕️ CBD + 🍶 ACCESSORIES STRATEGY
High Tide owns & operates a portfolio of cannabis-related businesses in several verticals:
🥦 THC
· www.CannaCabana.com -- 151 stores are #1 in 🇨🇦Canada selling THC, CBD, & Accessories.
{Same Store Sales up 46% Y/Y. Gaining 1% national Market Share per quarter since launching the discount club biz model late 2021. See "Q3 RE RECAP" below for more info.}
⚕️ CBD
· www.NuLeafNaturals.com & www.FabCBD.com -- Top CBD brands in the 🇺🇸USA with 70%+ margins
· www.BlessedCBD.co.uk -- the #1 CBD brand in the 🇬🇧 UK -- is now delivering to 🇩🇪 Germany & 🇺🇸 USA, and soon to France & Italy.
🍶 ACCESSORIES High Tide owns 3 of the top 5 global 🌐 US CA GB DE FR IT🌐
Accessory eCommerce businesses, and a 4th in the top 10:
· www.GrassCity.com
· www.SmokeCartel.com
· www.DailyHighClub.com
· www.DankStop.com'23-'24 EXPANSION PLANS
CANADIAN -- B&M "Canna Cabana" STORES -- THC, CBD and accessories:
2021: 105 (goals achieved!)
2022: 150 (goals achieved!)
2023: 200
USA -- Accessories e-commerce: At over $30 million, it's always possible that High Tide will pick up one more accessories e-commerce business to add to the other four.
GERMANY -- THC, CBD and accessories: already planning to establish a presence in Germany pending US decision/reschedule. Leading Canadian Cannabis Retailer To Open German 'High Street' Shops For Adult Use [12/10/22] -- https://businesscann.com/leading-canadian-cannabis-retailer-to-establish-german-adult-use - high-street-shops/
USA -- THC: Globally, High Tide has 3,000,000 High Lifetime Value (LTV) customers in its database (2.4 million in the USA) who have purchased accessories (pipes, bongs, vaporizers, dab rigs, etc.) -- segmented by country and US state.
Raj said, "We've had conversations with multiple US groups about a potential acquisition." Considering all factors (inflation, rising interest rates, falling stock market prices, cannabis sector, access to capital, etc.) it is likely that High Tide will have a 2nd mover advantage for US M&As at attractively low multiples, reaffirmed that they intend to become a top 5 US MSO.
INFORMATIVE VIDEOS & ARTICLES
High Tide Recaps Key Milestones of 2022 [12/30/22] -- https://hightideinc.com/high-tide-recaps-key-milestones-of-2022/
High Tide CEO On M&A, New Products And 3 Factors Holding The Cannabis Stock Back [12/22/22] -- https://www.benzinga.com/markets/cannabis/22/12/29959300/high-tide-ceo-on-m-a-new-products-and-3-factors-holding-the-cannabis-stock-back
How High Tide Became the ‘Costco of Cannabis’ [11/23/22] -- https://www.cannabisbusinesstimes.com/news/how-high-tide-became-the-costco-of-cannabis-canna-cabana/
Q3 2022 ER RECAP [reported 9/14]
https://hightideinc.com/high-tide-reports-third-quarter-2022-financial-results-featuring-a-98-increase-in-revenue-and-tenth-straight-quarter-of-positive-adjusted-ebitda/
A) Q3 ER showed continued growth in same store sales and 1% in market share every quarter! The discount club concept launched in late 2021 continues to drive sales & loyalty.
· Revenue $95.4MM - up 98% Y/Y -- 18% seq
· SSS (aka Same store sales) up 46% Y/Y -- 18% seq
· Adj EBITDA $4.2MM - up 176% Y/Y -- 77% seq
· Revenue now on $450+MM run rate.
📊 Graph of High Tide's National Market Share growth by quarter (since launching the discount club biz model) -- https://pbs.twimg.com/media/FlO4PLiXgAQbY4e?format=jpg&name=small
📊 Graph of High Tide's revenue growth -- https://pbs.twimg.com/media/FkhCCy-X0AMy8pg?format=png&name=small
B) NDF: $19M in Non-Dilutive Financing alleviates any cash concerns at industry leading <9% interest rates. https://hightideinc.com/high-tide-closes-19-million-non-dilutive-credit-facility-with-connectfirst-credit-union/
C) Cabana Elite monetization : Raj going to start to monetize the membership by EOY. Profits go straight to the bottom line. 900k members now. Example: if 20% of 1M members (200k) subscribe at $5/month ($60/year), that's an extra $12M in profit!
High Tide Launches Exclusive Paid Membership Program: “Cabana Elite” [11/29/22] -- https://hightideinc.com/high-tide-launches-exclusive-paid-membership-program-cabana-elite/
DISCOUNT CLUB BIZ MODEL [launched 12/20/21. paid Cabana Elite membership launched 11/29/22]
Launched 10/20/21 with 245K members. Currently 900K+ members as of EOY '22! https://hightideinc.com/high-tide-becomes-north-americas-first-cannabis-discount-club-retailer-with-over-245000-members/.
This was a DATA DRIVEN decision based on successful pilot programs
Membership in this loyalty program is FREE. Every person who walks into a Canna Cabana sees a high cost for non-members, and a discounted cost for members. When they realize signing up for FREE with their email address and phone # (SMS) makes them a MEMBER of the CABANA CLUB, they will do so in order to save money on that purchase and future purchases.
Stores are stocked w/ HIGH MARGIN products like consumption accessories, CBD, and house brands of shatter & gummies & prerolls -- with other form factors later.
Market Share and Same Store Sales growth are WAY up (see Q3 ER recap above) Q over Q while the other retailers (& USA MSOs btw) are seeing declines.
MEANING OF THE ACQUISITION OF NULEAF NATURALS [acquired on 11/22/21]https://hightideinc.com/high-tide-continues-expansion-into-global-cbd-market-with-acquisition-of-colorado-based-nuleaf-naturals/ Headquartered in Denver CO, NuLeaf Naturals is one of the leading CBD brands in the United States in terms of CBD blend research and intellectual property, rapid growth, and industry-leading margins. $16 million of the ~$20 million in revenue is directed to the consumer, but the expanding deal with Sprouts will allow for B&M's wider retail distribution. It is notable that their facility is cGMP certified. It can generate up to 60,000 vegan soft-gels per hour, or 25% of their activity. FabCBD production, co-packing and shipping were moved to the facility to save costs through operational efficiency. NULEAF comes with a cGMP certified manufacturing facility in Denver CO, USA, state of the art in CBD and other cannabinoids
🏧 KIOSK (FASTENDR) [launched 5/1/22]
https://hightideinc.com/high-tide-to-acquire-fastendr-retail-kiosk-and-smart-locker-technology-through-acquisition-of-bud-room-inc/. {Launched 5/1/22. Currently 175 Fastendr kiosks are operational in 120 Canna Cabana stores as of EOY '22}
The Discount Club model is causing long lines out the door. Taking a page from major retailers in other industries, this allows customers to order online or at a kiosk and collect from a "smart" locker. For those customers who know what they want and don't need budtender guidance, this is a handy convenience. Very few dispensaries in the world have this experience. Also mentioned in the PR is a desire to license this technology to other dispensaries and industries which could turn into another revenue stream. Delivery will be made available to all locations permitted by law but this offers a fast, convenient and quick way to ordecollect. It also cuts the dollars spent on budtenders by keeping the lines moving.
+ 🌿 SEEDS [Launched 12/13/22]
https://hightideinc.com/high-tide-enters-new-vertical-in-the-united-states-with-launch-of-cannabis-seeds/
Selling seeds is another high-margin revenue stream growing HITI's $3 million global customer database of High Lifetime Value users!
COMMANDING ECOMM RETAILER MULTIPLES
High Margin Private Label THC and FabCBD.com / BlessedCBD / NuLeaf, one of the main reasons High Tide is expected to be profitable later in 2023. When high tide...
A) Sells most accessories and CBD worldwide.
B) Owns multiple businesses in the US.
C) Sells data, kiosks and cannabis seeds
D) Selling their private label (think Kirkland) edible THC, vape and flower brands. E) Supplies supplies to dispensaries in multiple states.
F) PARTNER WITH STATE OPERATORS TO GIVE THEM ACCESS TO SELL THC TO THEIR HIGH VALUE CANNABIS CONSUMERS OVER 3 MILLION LIVES ...still only considered a Canadian cannabis retailer?
submitted by Philip19967 to Pennystock [link] [comments]
What I find important to note is the following:
High Tide is valued at approximately 120 million CAD market cap with double-digit annual growth and quarterly reduced expenses, in an ultra-competitive market, a constant increase in gross margins and a turnover of over 450 million annually. The company trades at 0.5 times the sales… These few lines, in addition to the in-depth and exhaustive dd, should make us reflect on the true value of the company and not on what the market values it now.
Earnings are expected after markets close tomorrow, enjoy reading :)
HIGH TIDE
ticker -- NASDAQ:HITI / TSXV:HITI
GLOBAL CANNABIS (brick&mortar & e-commerce) EMPIRE
🥦THC
⚕️ CBD
🍶 Accessories
📊 Data
🏧 Kiosks
🌱 Seeds
🇨🇦 🇺🇸 🇬🇧 🇩🇪
INVESTOR PRESENTATION: https://hightideinc.com/wp-content/uploads/2023/03/High-Tide-Investor-Presentation-Mar-21-2023.pdf [Updated march 2023]
Latest Earnings -> https://hightideinc.com/high-tide-reports-second-consecutive-quarter-of-record-revenue-and-adjusted-ebitda-118-million-and-5-5-million-respectively/
SOURCE STORY Snapshot: CEO and Raj Grover started the company that became High Tide with $50,000 and a vision. With never more than $30 million in the bank, Raj strategically transformed one store into today's 151-store, multi-vertical, growth rate of over $400 million in '23.
When they were only 8mln 4 years ago!
Wisely borrowing pages directly from dominant retail companies' playbooks of: COST COST: Club Membership = Low Prices = Loyalty = Market Share
STARBUCKS SBUX: dollar is selling the coffee, not growing the beans
High Tide's strategy is unique and farsighted, given the number of companies currently competing with themselves and the market saturation which increasingly reduces margins, but this does not affect High Tide.
#1 IN 🇨🇦 REVENUE FROM CANNABIS
High Tide Named Canada's Top Revenue Generating Cannabis Company [11/30/22]. https://www.forbes.com/sites/benjaminadams/2022/11/30/high-tide-named-canadas-top-revenue-generating-cannabis-company/?sh=384eced66033
CAPITAL MARKETS Highlights: the current share price is $1.20 USD, it is at a P/S multiple of 0.5 because the market capitalization is $160 million (USDcad) and the execution rate is $CAd 450 million (2023) . LOW FLOAT: Only ~55 million float = rapid upward movement in share price. Institutions, ETFs (MJ, THCX, YOLO, MJXL)
GLOBAL 🥦 THC + ⚕️ CBD + 🍶 ACCESSORIES STRATEGY
High Tide owns & operates a portfolio of cannabis-related businesses in several verticals:
🥦 THC
· www.CannaCabana.com -- 151 stores are #1 in 🇨🇦Canada selling THC, CBD, & Accessories.
{Same Store Sales up 46% Y/Y. Gaining 1% national Market Share per quarter since launching the discount club biz model late 2021. See "Q3 RE RECAP" below for more info.}
⚕️ CBD
· www.NuLeafNaturals.com & www.FabCBD.com -- Top CBD brands in the 🇺🇸USA with 70%+ margins
· www.BlessedCBD.co.uk -- the #1 CBD brand in the 🇬🇧 UK -- is now delivering to 🇩🇪 Germany & 🇺🇸 USA, and soon to France & Italy.
🍶 ACCESSORIES High Tide owns 3 of the top 5 global 🌐 US CA GB DE FR IT🌐
Accessory eCommerce businesses, and a 4th in the top 10:
· www.GrassCity.com
· www.SmokeCartel.com
· www.DailyHighClub.com
· www.DankStop.com'23-'24 EXPANSION PLANS
CANADIAN -- B&M "Canna Cabana" STORES -- THC, CBD and accessories:
2021: 105 (goals achieved!)
2022: 150 (goals achieved!)
2023: 200
USA -- Accessories e-commerce: At over $30 million, it's always possible that High Tide will pick up one more accessories e-commerce business to add to the other four.
GERMANY -- THC, CBD and accessories: already planning to establish a presence in Germany pending US decision/reschedule. Leading Canadian Cannabis Retailer To Open German 'High Street' Shops For Adult Use [12/10/22] -- https://businesscann.com/leading-canadian-cannabis-retailer-to-establish-german-adult-use - high-street-shops/
USA -- THC: Globally, High Tide has 3,000,000 High Lifetime Value (LTV) customers in its database (2.4 million in the USA) who have purchased accessories (pipes, bongs, vaporizers, dab rigs, etc.) -- segmented by country and US state.
Raj said, "We've had conversations with multiple US groups about a potential acquisition." Considering all factors (inflation, rising interest rates, falling stock market prices, cannabis sector, access to capital, etc.) it is likely that High Tide will have a 2nd mover advantage for US M&As at attractively low multiples, reaffirmed that they intend to become a top 5 US MSO.
INFORMATIVE VIDEOS & ARTICLES
High Tide Recaps Key Milestones of 2022 [12/30/22] -- https://hightideinc.com/high-tide-recaps-key-milestones-of-2022/
High Tide CEO On M&A, New Products And 3 Factors Holding The Cannabis Stock Back [12/22/22] -- https://www.benzinga.com/markets/cannabis/22/12/29959300/high-tide-ceo-on-m-a-new-products-and-3-factors-holding-the-cannabis-stock-back
How High Tide Became the ‘Costco of Cannabis’ [11/23/22] -- https://www.cannabisbusinesstimes.com/news/how-high-tide-became-the-costco-of-cannabis-canna-cabana/
Q3 2022 ER RECAP [reported 9/14]
https://hightideinc.com/high-tide-reports-third-quarter-2022-financial-results-featuring-a-98-increase-in-revenue-and-tenth-straight-quarter-of-positive-adjusted-ebitda/
A) Q3 ER showed continued growth in same store sales and 1% in market share every quarter! The discount club concept launched in late 2021 continues to drive sales & loyalty.
· Revenue $95.4MM - up 98% Y/Y -- 18% seq
· SSS (aka Same store sales) up 46% Y/Y -- 18% seq
· Adj EBITDA $4.2MM - up 176% Y/Y -- 77% seq
· Revenue now on $450+MM run rate.
📊 Graph of High Tide's National Market Share growth by quarter (since launching the discount club biz model) -- https://pbs.twimg.com/media/FlO4PLiXgAQbY4e?format=jpg&name=small
📊 Graph of High Tide's revenue growth -- https://pbs.twimg.com/media/FkhCCy-X0AMy8pg?format=png&name=small
B) NDF: $19M in Non-Dilutive Financing alleviates any cash concerns at industry leading <9% interest rates. https://hightideinc.com/high-tide-closes-19-million-non-dilutive-credit-facility-with-connectfirst-credit-union/
C) Cabana Elite monetization : Raj going to start to monetize the membership by EOY. Profits go straight to the bottom line. 900k members now. Example: if 20% of 1M members (200k) subscribe at $5/month ($60/year), that's an extra $12M in profit!
High Tide Launches Exclusive Paid Membership Program: “Cabana Elite” [11/29/22] -- https://hightideinc.com/high-tide-launches-exclusive-paid-membership-program-cabana-elite/
DISCOUNT CLUB BIZ MODEL [launched 12/20/21. paid Cabana Elite membership launched 11/29/22]
Launched 10/20/21 with 245K members. Currently 900K+ members as of EOY '22! https://hightideinc.com/high-tide-becomes-north-americas-first-cannabis-discount-club-retailer-with-over-245000-members/.
This was a DATA DRIVEN decision based on successful pilot programs
Membership in this loyalty program is FREE. Every person who walks into a Canna Cabana sees a high cost for non-members, and a discounted cost for members. When they realize signing up for FREE with their email address and phone # (SMS) makes them a MEMBER of the CABANA CLUB, they will do so in order to save money on that purchase and future purchases.
Stores are stocked w/ HIGH MARGIN products like consumption accessories, CBD, and house brands of shatter & gummies & prerolls -- with other form factors later.
Market Share and Same Store Sales growth are WAY up (see Q3 ER recap above) Q over Q while the other retailers (& USA MSOs btw) are seeing declines.
MEANING OF THE ACQUISITION OF NULEAF NATURALS [acquired on 11/22/21]https://hightideinc.com/high-tide-continues-expansion-into-global-cbd-market-with-acquisition-of-colorado-based-nuleaf-naturals/ Headquartered in Denver CO, NuLeaf Naturals is one of the leading CBD brands in the United States in terms of CBD blend research and intellectual property, rapid growth, and industry-leading margins. $16 million of the ~$20 million in revenue is directed to the consumer, but the expanding deal with Sprouts will allow for B&M's wider retail distribution. It is notable that their facility is cGMP certified. It can generate up to 60,000 vegan soft-gels per hour, or 25% of their activity. FabCBD production, co-packing and shipping were moved to the facility to save costs through operational efficiency. NULEAF comes with a cGMP certified manufacturing facility in Denver CO, USA, state of the art in CBD and other cannabinoids
🏧 KIOSK (FASTENDR) [launched 5/1/22]
https://hightideinc.com/high-tide-to-acquire-fastendr-retail-kiosk-and-smart-locker-technology-through-acquisition-of-bud-room-inc/. {Launched 5/1/22. Currently 175 Fastendr kiosks are operational in 120 Canna Cabana stores as of EOY '22}
The Discount Club model is causing long lines out the door. Taking a page from major retailers in other industries, this allows customers to order online or at a kiosk and collect from a "smart" locker. For those customers who know what they want and don't need budtender guidance, this is a handy convenience. Very few dispensaries in the world have this experience. Also mentioned in the PR is a desire to license this technology to other dispensaries and industries which could turn into another revenue stream. Delivery will be made available to all locations permitted by law but this offers a fast, convenient and quick way to ordecollect. It also cuts the dollars spent on budtenders by keeping the lines moving.
+ 🌿 SEEDS [Launched 12/13/22]
https://hightideinc.com/high-tide-enters-new-vertical-in-the-united-states-with-launch-of-cannabis-seeds/
Selling seeds is another high-margin revenue stream growing HITI's $3 million global customer database of High Lifetime Value users!
COMMANDING ECOMM RETAILER MULTIPLES
High Margin Private Label THC and FabCBD.com / BlessedCBD / NuLeaf, one of the main reasons High Tide is expected to be profitable later in 2023. When high tide...
A) Sells most accessories and CBD worldwide.
B) Owns multiple businesses in the US.
C) Sells data, kiosks and cannabis seeds
D) Selling their private label (think Kirkland) edible THC, vape and flower brands. E) Supplies supplies to dispensaries in multiple states.
F) PARTNER WITH STATE OPERATORS TO GIVE THEM ACCESS TO SELL THC TO THEIR HIGH VALUE CANNABIS CONSUMERS OVER 3 MILLION LIVES ...still only considered a Canadian cannabis retailer?
2023.04.01 10:10 Philip19967 ultimate High Tide DD
Below is the latest in-depth and summary DD from High Tide (a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets. The Company is the largest non-franchised cannabis retail chain in Canada, with 151 current locations spanning British Columbia, Alberta, Saskatchewan, Manitoba and Ontario) which I hope will be appreciated and shared.
What I find important to note is the following:
High Tide is valued at approximately 120 million CAD market cap with double-digit annual growth and quarterly reduced expenses, in an ultra-competitive market, a constant increase in gross margins and a turnover of over 450 million annually. The company trades at 0.5 times the sales… These few lines, in addition to the in-depth and exhaustive dd, should make us reflect on the true value of the company and not on what the market values it now.
Earnings are expected after markets close tomorrow, enjoy reading :)
HIGH TIDE
ticker -- NASDAQ:HITI / TSXV:HITI
GLOBAL CANNABIS (brick&mortar & e-commerce) EMPIRE
🥦THC
⚕️ CBD
🍶 Accessories
📊 Data
🏧 Kiosks
🌱 Seeds
🇨🇦 🇺🇸 🇬🇧 🇩🇪
INVESTOR PRESENTATION: https://hightideinc.com/wp-content/uploads/2023/03/High-Tide-Investor-Presentation-Mar-21-2023.pdf [Updated march 2023]
Latest Earnings -> https://hightideinc.com/high-tide-reports-second-consecutive-quarter-of-record-revenue-and-adjusted-ebitda-118-million-and-5-5-million-respectively/
SOURCE STORY Snapshot: CEO and Raj Grover started the company that became High Tide with $50,000 and a vision. With never more than $30 million in the bank, Raj strategically transformed one store into today's 151-store, multi-vertical, growth rate of over $400 million in '23.
When they were only 8mln 4 years ago!
Wisely borrowing pages directly from dominant retail companies' playbooks of: COST COST: Club Membership = Low Prices = Loyalty = Market Share
STARBUCKS SBUX: dollar is selling the coffee, not growing the beans
High Tide's strategy is unique and farsighted, given the number of companies currently competing with themselves and the market saturation which increasingly reduces margins, but this does not affect High Tide.
#1 IN 🇨🇦 REVENUE FROM CANNABIS
High Tide Named Canada's Top Revenue Generating Cannabis Company [11/30/22]. https://www.forbes.com/sites/benjaminadams/2022/11/30/high-tide-named-canadas-top-revenue-generating-cannabis-company/?sh=384eced66033
CAPITAL MARKETS Highlights: the current share price is $1.20 USD, it is at a P/S multiple of 0.5 because the market capitalization is $160 million (USDcad) and the execution rate is $CAd 450 million (2023) . LOW FLOAT: Only ~55 million float = rapid upward movement in share price. Institutions, ETFs (MJ, THCX, YOLO, MJXL)
GLOBAL 🥦 THC + ⚕️ CBD + 🍶 ACCESSORIES STRATEGY
High Tide owns & operates a portfolio of cannabis-related businesses in several verticals:
🥦 THC
· www.CannaCabana.com -- 151 stores are #1 in 🇨🇦Canada selling THC, CBD, & Accessories.
{Same Store Sales up 46% Y/Y. Gaining 1% national Market Share per quarter since launching the discount club biz model late 2021. See "Q3 RE RECAP" below for more info.}
⚕️ CBD
· www.NuLeafNaturals.com & www.FabCBD.com -- Top CBD brands in the 🇺🇸USA with 70%+ margins
· www.BlessedCBD.co.uk -- the #1 CBD brand in the 🇬🇧 UK -- is now delivering to 🇩🇪 Germany & 🇺🇸 USA, and soon to France & Italy.
🍶 ACCESSORIES High Tide owns 3 of the top 5 global 🌐 US CA GB DE FR IT🌐
Accessory eCommerce businesses, and a 4th in the top 10:
· www.GrassCity.com
· www.SmokeCartel.com
· www.DailyHighClub.com
· www.DankStop.com'23-'24 EXPANSION PLANS
CANADIAN -- B&M "Canna Cabana" STORES -- THC, CBD and accessories:
2021: 105 (goals achieved!)
2022: 150 (goals achieved!)
2023: 200
USA -- Accessories e-commerce: At over $30 million, it's always possible that High Tide will pick up one more accessories e-commerce business to add to the other four.
GERMANY -- THC, CBD and accessories: already planning to establish a presence in Germany pending US decision/reschedule. Leading Canadian Cannabis Retailer To Open German 'High Street' Shops For Adult Use [12/10/22] -- https://businesscann.com/leading-canadian-cannabis-retailer-to-establish-german-adult-use - high-street-shops/
USA -- THC: Globally, High Tide has 3,000,000 High Lifetime Value (LTV) customers in its database (2.4 million in the USA) who have purchased accessories (pipes, bongs, vaporizers, dab rigs, etc.) -- segmented by country and US state.
Raj said, "We've had conversations with multiple US groups about a potential acquisition." Considering all factors (inflation, rising interest rates, falling stock market prices, cannabis sector, access to capital, etc.) it is likely that High Tide will have a 2nd mover advantage for US M&As at attractively low multiples, reaffirmed that they intend to become a top 5 US MSO.
INFORMATIVE VIDEOS & ARTICLES
High Tide Recaps Key Milestones of 2022 [12/30/22] -- https://hightideinc.com/high-tide-recaps-key-milestones-of-2022/
High Tide CEO On M&A, New Products And 3 Factors Holding The Cannabis Stock Back [12/22/22] -- https://www.benzinga.com/markets/cannabis/22/12/29959300/high-tide-ceo-on-m-a-new-products-and-3-factors-holding-the-cannabis-stock-back
How High Tide Became the ‘Costco of Cannabis’ [11/23/22] -- https://www.cannabisbusinesstimes.com/news/how-high-tide-became-the-costco-of-cannabis-canna-cabana/
Q3 2022 ER RECAP [reported 9/14]
https://hightideinc.com/high-tide-reports-third-quarter-2022-financial-results-featuring-a-98-increase-in-revenue-and-tenth-straight-quarter-of-positive-adjusted-ebitda/
A) Q3 ER showed continued growth in same store sales and 1% in market share every quarter! The discount club concept launched in late 2021 continues to drive sales & loyalty.
· Revenue $95.4MM - up 98% Y/Y -- 18% seq
· SSS (aka Same store sales) up 46% Y/Y -- 18% seq
· Adj EBITDA $4.2MM - up 176% Y/Y -- 77% seq
· Revenue now on $450+MM run rate.
📊 Graph of High Tide's National Market Share growth by quarter (since launching the discount club biz model) -- https://pbs.twimg.com/media/FlO4PLiXgAQbY4e?format=jpg&name=small
📊 Graph of High Tide's revenue growth -- https://pbs.twimg.com/media/FkhCCy-X0AMy8pg?format=png&name=small
B) NDF: $19M in Non-Dilutive Financing alleviates any cash concerns at industry leading <9% interest rates. https://hightideinc.com/high-tide-closes-19-million-non-dilutive-credit-facility-with-connectfirst-credit-union/
C) Cabana Elite monetization : Raj going to start to monetize the membership by EOY. Profits go straight to the bottom line. 900k members now. Example: if 20% of 1M members (200k) subscribe at $5/month ($60/year), that's an extra $12M in profit!
High Tide Launches Exclusive Paid Membership Program: “Cabana Elite” [11/29/22] -- https://hightideinc.com/high-tide-launches-exclusive-paid-membership-program-cabana-elite/
DISCOUNT CLUB BIZ MODEL [launched 12/20/21. paid Cabana Elite membership launched 11/29/22]
Launched 10/20/21 with 245K members. Currently 900K+ members as of EOY '22! https://hightideinc.com/high-tide-becomes-north-americas-first-cannabis-discount-club-retailer-with-over-245000-members/.
This was a DATA DRIVEN decision based on successful pilot programs
Membership in this loyalty program is FREE. Every person who walks into a Canna Cabana sees a high cost for non-members, and a discounted cost for members. When they realize signing up for FREE with their email address and phone # (SMS) makes them a MEMBER of the CABANA CLUB, they will do so in order to save money on that purchase and future purchases.
Stores are stocked w/ HIGH MARGIN products like consumption accessories, CBD, and house brands of shatter & gummies & prerolls -- with other form factors later.
Market Share and Same Store Sales growth are WAY up (see Q3 ER recap above) Q over Q while the other retailers (& USA MSOs btw) are seeing declines.
MEANING OF THE ACQUISITION OF NULEAF NATURALS [acquired on 11/22/21]https://hightideinc.com/high-tide-continues-expansion-into-global-cbd-market-with-acquisition-of-colorado-based-nuleaf-naturals/ Headquartered in Denver CO, NuLeaf Naturals is one of the leading CBD brands in the United States in terms of CBD blend research and intellectual property, rapid growth, and industry-leading margins. $16 million of the ~$20 million in revenue is directed to the consumer, but the expanding deal with Sprouts will allow for B&M's wider retail distribution. It is notable that their facility is cGMP certified. It can generate up to 60,000 vegan soft-gels per hour, or 25% of their activity. FabCBD production, co-packing and shipping were moved to the facility to save costs through operational efficiency. NULEAF comes with a cGMP certified manufacturing facility in Denver CO, USA, state of the art in CBD and other cannabinoids
🏧 KIOSK (FASTENDR) [launched 5/1/22]
https://hightideinc.com/high-tide-to-acquire-fastendr-retail-kiosk-and-smart-locker-technology-through-acquisition-of-bud-room-inc/. {Launched 5/1/22. Currently 175 Fastendr kiosks are operational in 120 Canna Cabana stores as of EOY '22}
The Discount Club model is causing long lines out the door. Taking a page from major retailers in other industries, this allows customers to order online or at a kiosk and collect from a "smart" locker. For those customers who know what they want and don't need budtender guidance, this is a handy convenience. Very few dispensaries in the world have this experience. Also mentioned in the PR is a desire to license this technology to other dispensaries and industries which could turn into another revenue stream. Delivery will be made available to all locations permitted by law but this offers a fast, convenient and quick way to ordecollect. It also cuts the dollars spent on budtenders by keeping the lines moving.
+ 🌿 SEEDS [Launched 12/13/22]
https://hightideinc.com/high-tide-enters-new-vertical-in-the-united-states-with-launch-of-cannabis-seeds/
Selling seeds is another high-margin revenue stream growing HITI's $3 million global customer database of High Lifetime Value users!
COMMANDING ECOMM RETAILER MULTIPLES
High Margin Private Label THC and FabCBD.com / BlessedCBD / NuLeaf, one of the main reasons High Tide is expected to be profitable later in 2023. When high tide...
A) Sells most accessories and CBD worldwide.
B) Owns multiple businesses in the US.
C) Sells data, kiosks and cannabis seeds
D) Selling their private label (think Kirkland) edible THC, vape and flower brands. E) Supplies supplies to dispensaries in multiple states.
F) PARTNER WITH STATE OPERATORS TO GIVE THEM ACCESS TO SELL THC TO THEIR HIGH VALUE CANNABIS CONSUMERS OVER 3 MILLION LIVES ...still only considered a Canadian cannabis retailer?
submitted by Philip19967 to investingforbeginners [link] [comments]
What I find important to note is the following:
High Tide is valued at approximately 120 million CAD market cap with double-digit annual growth and quarterly reduced expenses, in an ultra-competitive market, a constant increase in gross margins and a turnover of over 450 million annually. The company trades at 0.5 times the sales… These few lines, in addition to the in-depth and exhaustive dd, should make us reflect on the true value of the company and not on what the market values it now.
Earnings are expected after markets close tomorrow, enjoy reading :)
HIGH TIDE
ticker -- NASDAQ:HITI / TSXV:HITI
GLOBAL CANNABIS (brick&mortar & e-commerce) EMPIRE
🥦THC
⚕️ CBD
🍶 Accessories
📊 Data
🏧 Kiosks
🌱 Seeds
🇨🇦 🇺🇸 🇬🇧 🇩🇪
INVESTOR PRESENTATION: https://hightideinc.com/wp-content/uploads/2023/03/High-Tide-Investor-Presentation-Mar-21-2023.pdf [Updated march 2023]
Latest Earnings -> https://hightideinc.com/high-tide-reports-second-consecutive-quarter-of-record-revenue-and-adjusted-ebitda-118-million-and-5-5-million-respectively/
SOURCE STORY Snapshot: CEO and Raj Grover started the company that became High Tide with $50,000 and a vision. With never more than $30 million in the bank, Raj strategically transformed one store into today's 151-store, multi-vertical, growth rate of over $400 million in '23.
When they were only 8mln 4 years ago!
Wisely borrowing pages directly from dominant retail companies' playbooks of: COST COST: Club Membership = Low Prices = Loyalty = Market Share
STARBUCKS SBUX: dollar is selling the coffee, not growing the beans
High Tide's strategy is unique and farsighted, given the number of companies currently competing with themselves and the market saturation which increasingly reduces margins, but this does not affect High Tide.
#1 IN 🇨🇦 REVENUE FROM CANNABIS
High Tide Named Canada's Top Revenue Generating Cannabis Company [11/30/22]. https://www.forbes.com/sites/benjaminadams/2022/11/30/high-tide-named-canadas-top-revenue-generating-cannabis-company/?sh=384eced66033
CAPITAL MARKETS Highlights: the current share price is $1.20 USD, it is at a P/S multiple of 0.5 because the market capitalization is $160 million (USDcad) and the execution rate is $CAd 450 million (2023) . LOW FLOAT: Only ~55 million float = rapid upward movement in share price. Institutions, ETFs (MJ, THCX, YOLO, MJXL)
GLOBAL 🥦 THC + ⚕️ CBD + 🍶 ACCESSORIES STRATEGY
High Tide owns & operates a portfolio of cannabis-related businesses in several verticals:
🥦 THC
· www.CannaCabana.com -- 151 stores are #1 in 🇨🇦Canada selling THC, CBD, & Accessories.
{Same Store Sales up 46% Y/Y. Gaining 1% national Market Share per quarter since launching the discount club biz model late 2021. See "Q3 RE RECAP" below for more info.}
⚕️ CBD
· www.NuLeafNaturals.com & www.FabCBD.com -- Top CBD brands in the 🇺🇸USA with 70%+ margins
· www.BlessedCBD.co.uk -- the #1 CBD brand in the 🇬🇧 UK -- is now delivering to 🇩🇪 Germany & 🇺🇸 USA, and soon to France & Italy.
🍶 ACCESSORIES High Tide owns 3 of the top 5 global 🌐 US CA GB DE FR IT🌐
Accessory eCommerce businesses, and a 4th in the top 10:
· www.GrassCity.com
· www.SmokeCartel.com
· www.DailyHighClub.com
· www.DankStop.com'23-'24 EXPANSION PLANS
CANADIAN -- B&M "Canna Cabana" STORES -- THC, CBD and accessories:
2021: 105 (goals achieved!)
2022: 150 (goals achieved!)
2023: 200
USA -- Accessories e-commerce: At over $30 million, it's always possible that High Tide will pick up one more accessories e-commerce business to add to the other four.
GERMANY -- THC, CBD and accessories: already planning to establish a presence in Germany pending US decision/reschedule. Leading Canadian Cannabis Retailer To Open German 'High Street' Shops For Adult Use [12/10/22] -- https://businesscann.com/leading-canadian-cannabis-retailer-to-establish-german-adult-use - high-street-shops/
USA -- THC: Globally, High Tide has 3,000,000 High Lifetime Value (LTV) customers in its database (2.4 million in the USA) who have purchased accessories (pipes, bongs, vaporizers, dab rigs, etc.) -- segmented by country and US state.
Raj said, "We've had conversations with multiple US groups about a potential acquisition." Considering all factors (inflation, rising interest rates, falling stock market prices, cannabis sector, access to capital, etc.) it is likely that High Tide will have a 2nd mover advantage for US M&As at attractively low multiples, reaffirmed that they intend to become a top 5 US MSO.
INFORMATIVE VIDEOS & ARTICLES
High Tide Recaps Key Milestones of 2022 [12/30/22] -- https://hightideinc.com/high-tide-recaps-key-milestones-of-2022/
High Tide CEO On M&A, New Products And 3 Factors Holding The Cannabis Stock Back [12/22/22] -- https://www.benzinga.com/markets/cannabis/22/12/29959300/high-tide-ceo-on-m-a-new-products-and-3-factors-holding-the-cannabis-stock-back
How High Tide Became the ‘Costco of Cannabis’ [11/23/22] -- https://www.cannabisbusinesstimes.com/news/how-high-tide-became-the-costco-of-cannabis-canna-cabana/
Q3 2022 ER RECAP [reported 9/14]
https://hightideinc.com/high-tide-reports-third-quarter-2022-financial-results-featuring-a-98-increase-in-revenue-and-tenth-straight-quarter-of-positive-adjusted-ebitda/
A) Q3 ER showed continued growth in same store sales and 1% in market share every quarter! The discount club concept launched in late 2021 continues to drive sales & loyalty.
· Revenue $95.4MM - up 98% Y/Y -- 18% seq
· SSS (aka Same store sales) up 46% Y/Y -- 18% seq
· Adj EBITDA $4.2MM - up 176% Y/Y -- 77% seq
· Revenue now on $450+MM run rate.
📊 Graph of High Tide's National Market Share growth by quarter (since launching the discount club biz model) -- https://pbs.twimg.com/media/FlO4PLiXgAQbY4e?format=jpg&name=small
📊 Graph of High Tide's revenue growth -- https://pbs.twimg.com/media/FkhCCy-X0AMy8pg?format=png&name=small
B) NDF: $19M in Non-Dilutive Financing alleviates any cash concerns at industry leading <9% interest rates. https://hightideinc.com/high-tide-closes-19-million-non-dilutive-credit-facility-with-connectfirst-credit-union/
C) Cabana Elite monetization : Raj going to start to monetize the membership by EOY. Profits go straight to the bottom line. 900k members now. Example: if 20% of 1M members (200k) subscribe at $5/month ($60/year), that's an extra $12M in profit!
High Tide Launches Exclusive Paid Membership Program: “Cabana Elite” [11/29/22] -- https://hightideinc.com/high-tide-launches-exclusive-paid-membership-program-cabana-elite/
DISCOUNT CLUB BIZ MODEL [launched 12/20/21. paid Cabana Elite membership launched 11/29/22]
Launched 10/20/21 with 245K members. Currently 900K+ members as of EOY '22! https://hightideinc.com/high-tide-becomes-north-americas-first-cannabis-discount-club-retailer-with-over-245000-members/.
This was a DATA DRIVEN decision based on successful pilot programs
Membership in this loyalty program is FREE. Every person who walks into a Canna Cabana sees a high cost for non-members, and a discounted cost for members. When they realize signing up for FREE with their email address and phone # (SMS) makes them a MEMBER of the CABANA CLUB, they will do so in order to save money on that purchase and future purchases.
Stores are stocked w/ HIGH MARGIN products like consumption accessories, CBD, and house brands of shatter & gummies & prerolls -- with other form factors later.
Market Share and Same Store Sales growth are WAY up (see Q3 ER recap above) Q over Q while the other retailers (& USA MSOs btw) are seeing declines.
MEANING OF THE ACQUISITION OF NULEAF NATURALS [acquired on 11/22/21]https://hightideinc.com/high-tide-continues-expansion-into-global-cbd-market-with-acquisition-of-colorado-based-nuleaf-naturals/ Headquartered in Denver CO, NuLeaf Naturals is one of the leading CBD brands in the United States in terms of CBD blend research and intellectual property, rapid growth, and industry-leading margins. $16 million of the ~$20 million in revenue is directed to the consumer, but the expanding deal with Sprouts will allow for B&M's wider retail distribution. It is notable that their facility is cGMP certified. It can generate up to 60,000 vegan soft-gels per hour, or 25% of their activity. FabCBD production, co-packing and shipping were moved to the facility to save costs through operational efficiency. NULEAF comes with a cGMP certified manufacturing facility in Denver CO, USA, state of the art in CBD and other cannabinoids
🏧 KIOSK (FASTENDR) [launched 5/1/22]
https://hightideinc.com/high-tide-to-acquire-fastendr-retail-kiosk-and-smart-locker-technology-through-acquisition-of-bud-room-inc/. {Launched 5/1/22. Currently 175 Fastendr kiosks are operational in 120 Canna Cabana stores as of EOY '22}
The Discount Club model is causing long lines out the door. Taking a page from major retailers in other industries, this allows customers to order online or at a kiosk and collect from a "smart" locker. For those customers who know what they want and don't need budtender guidance, this is a handy convenience. Very few dispensaries in the world have this experience. Also mentioned in the PR is a desire to license this technology to other dispensaries and industries which could turn into another revenue stream. Delivery will be made available to all locations permitted by law but this offers a fast, convenient and quick way to ordecollect. It also cuts the dollars spent on budtenders by keeping the lines moving.
+ 🌿 SEEDS [Launched 12/13/22]
https://hightideinc.com/high-tide-enters-new-vertical-in-the-united-states-with-launch-of-cannabis-seeds/
Selling seeds is another high-margin revenue stream growing HITI's $3 million global customer database of High Lifetime Value users!
COMMANDING ECOMM RETAILER MULTIPLES
High Margin Private Label THC and FabCBD.com / BlessedCBD / NuLeaf, one of the main reasons High Tide is expected to be profitable later in 2023. When high tide...
A) Sells most accessories and CBD worldwide.
B) Owns multiple businesses in the US.
C) Sells data, kiosks and cannabis seeds
D) Selling their private label (think Kirkland) edible THC, vape and flower brands. E) Supplies supplies to dispensaries in multiple states.
F) PARTNER WITH STATE OPERATORS TO GIVE THEM ACCESS TO SELL THC TO THEIR HIGH VALUE CANNABIS CONSUMERS OVER 3 MILLION LIVES ...still only considered a Canadian cannabis retailer?
2023.04.01 10:10 Advanced_Ad_6814 Why do they bother hanging up fake games?
 | submitted by Advanced_Ad_6814 to pyrocynical [link] [comments] |
2023.04.01 09:55 smackythefrog Did I cheap out "too much" on this 7900XT build?
First time builder, building from scratch, obviously. Picked some not-so-popular brands for the RAM, SSD, and PSU. Just wondering if I went too far. I am looking at the Microcenter bundles, too, since I live near one, but I am not sure if that will be cheaper or this thing I specced out.
Primary use is general browsing and schoolwork. Gaming on a 1440/60 Dell monitor. Will be playing various Gamepass games like Halo Infinite, Yakuza series, and then Dota2.
Some story driven games and a big backlog of the free Epic games I never got around to playing like GTAV, Requiem. FF7 Intergrade, too.
PCPartPicker Part List
submitted by smackythefrog to buildapc [link] [comments]
Primary use is general browsing and schoolwork. Gaming on a 1440/60 Dell monitor. Will be playing various Gamepass games like Halo Infinite, Yakuza series, and then Dota2.
Some story driven games and a big backlog of the free Epic games I never got around to playing like GTAV, Requiem. FF7 Intergrade, too.
PCPartPicker Part List
| Type | Item | Price |
|---|---|---|
| CPU | AMD Ryzen 5 5600 3.5 GHz 6-Core Processor | $139.79 @ B&H |
| CPU Cooler | Deepcool AK400 ZERO DARK 66.47 CFM CPU Cooler | $39.98 @ Newegg |
| Motherboard | MSI PRO B550-VC ATX AM4 Motherboard | $129.99 @ Newegg |
| Memory | *PNY XLR8 32 GB (2 x 16 GB) DDR4-3600 CL18 Memory | $72.99 @ B&H |
| Storage | TEAMGROUP MP33 2 TB M.2-2280 PCIe 3.0 X4 NVME Solid State Drive | $109.99 @ Newegg |
| Video Card | *XFX Speedster MERC 310 Black Edition Radeon RX 7900 XT 20 GB Video Card | $829.99 @ B&H |
| Case | Corsair iCUE 4000X RGB ATX Mid Tower Case | $109.99 @ Newegg |
| Power Supply | *Enermax Revolution D.F. 750 W 80+ Gold Certified Fully Modular ATX Power Supply | $109.99 @ Newegg |
| Prices include shipping, taxes, rebates, and discounts | ||
| Total (before mail-in rebates) | $1572.71 | |
| Mail-in rebates | -$30.00 | |
| Total | $1542.71 | |
| *Lowest price parts chosen from parametric criteria | ||
| Generated by PCPartPicker 2023-04-01 03:50 EDT-0400 |
2023.04.01 09:33 George_Nimitz567890 Cute <3
 | submitted by George_Nimitz567890 to NikkeMobile [link] [comments] |
2023.04.01 08:28 TerminallyFriendly Forgive my stupidity, First and last quarter of gas are smaller than the in between, are they still the same amount?
 | submitted by TerminallyFriendly to MechanicAdvice [link] [comments] |
2023.04.01 08:14 BenJammin27 I actually can beat the april fools chart?!
 | submitted by BenJammin27 to arcaea [link] [comments] |
2023.04.01 08:12 lividstreetsweeper We hit the beach last weekend and now I'm so homesick.
 | It was such aa great time with my college friends and their respective families. To this day we can't get over our snapshots of the beach and its environment. And I have never longed to travel so strongly. Sigh. Thank you. submitted by lividstreetsweeper to AskAstrologers [link] [comments] |
2023.04.01 07:39 Sweetiebearcuteness Don't just brute force this!
 | Relevant sequence: 1, 7, 20, 42, 71, ... submitted by Sweetiebearcuteness to IntegrationTechniques [link] [comments] |
2023.04.01 07:31 Strong-Razzmatazz124 New Position For Him😅
 | submitted by Strong-Razzmatazz124 to FootballCoach [link] [comments] |
2023.04.01 07:04 rubywoo_honeylove Killer everything bagle cabatta bread sandwish
 | submitted by rubywoo_honeylove to traderjoes [link] [comments] |
2023.04.01 06:55 theloneyzed These are my settings for day street portraits according to what works best online. Is there anything I should change? Using a Nikon D5300 and Tamron 18-200mm f/3.5-6.3 lens
 | submitted by theloneyzed to AskPhotography [link] [comments] |
2023.04.01 06:51 vile_Amazonbox Guys I think I bought the wrong #1f1e33
 | submitted by vile_Amazonbox to arcaea [link] [comments] |
2023.04.01 06:46 foamtest What's your best 2.0t mpg?
 | submitted by foamtest to accord [link] [comments] |