Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented.
General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. The Valens Closes Green Roads Acquisitionįire & Flower Q1 Revenue Almost Doubles, Loss Widens Continue Readingĭisclaimer: The TipRanks Smart Score performance is based on backtested results. Shares have gained more than 150% year-to-date.Ĭanopy Growth Closes Acquisition of Supreme Cannabis This implies 102% upside potential.Īndrew Semple is the only analyst to have offered a rating for High Tide in the past three months. Last month, Echelon Wealth Partners analyst Andrew Semple maintained a Buy rating on High Tide with a C$20.00 price target. He will be in charge of global social media initiatives for High Tide. On closing of the transaction, which is expected to be around the end of June, Harrison Baum will join the High Tide team as Director of Digital Marketing. The transaction is immediately accretive as Daily High Club generated $9.4 million in net sales and $1.2 million in EBITDA during the 12 months ended April 2021. The total consideration to Daily High Club shareholders will be $10 million. It’s my pleasure to welcome Harrison and the DHC team into our High Tide family.”
This subscription box model is complementary to our existing accessories e-commerce portfolio, and as such creates numerous opportunities for potential synergies. Daily High Club stood out to us because it is an increasingly popular consumption accessories online retailer, with a rapidly growing subscription box model which can easily be tailored to include cannabis products in the event of U.S. e-commerce marketplace through a combination of organic growth and accretive acquisitions, specifically targeting businesses with strong brand loyalty, I am thrilled to announce the acquisition of Daily High Club. High Tide’s President and CEO Raj Grover said, “In alignment with our intention to become a dominant player in the U.S. This acquisition brings the Canadian retail cannabis chain closer to becoming a leader in the U.S. High Tide ( HITI) has signed an agreement to buy 100% of the issued and outstanding shares of DHC Supply LLC, operating as Daily High Club.
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