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Haven't you tried playing at an online casino for real money yet? We guarantee you that it is an exceptional encounter. All you need is a trustworthy casino that you can deposit and play with while enjoying the experience. From GuiaCasino we show you the best real money casinos of 2020.
What are you waiting for to try them?
We bring you the best online casinos where you can play without having to download the casino program, that is, the best casinos without downloading. So you just have to open your browser and enjoy your favorite casino games.
How to locate the best online casinos for genuine cash?
This is a complex task and that is why from GuiaCasino we offer you a list of what we consider to be the best online casinos with real money for 2020.
Surely now you are wondering how we have made that list, well, very simple, previously we have analyzed a series of basic elements to identify the best casinos.
These are:
License
The first thing to check before opting for a certain online casino is if it has a license that allows it to offer its services as an online casino. If we are in Spain, they must have the license granted by the DGOJ, Directorate General for the Regulation of gambling. In the case of Colombia, this must be granted by Coljuegos, in Mexico by the DGJS and in Argentina this will depend on the province in which you are. In the case of Chile, it is the (SCJ) Superintendency of Gaming Casinos, the body in charge of the operation of the casinos. And if you are in Venezuela, it is the National Commission of Casino, Bingo Rooms and Slot Machines (CNC), which is in charge of legislating physical casinos, but online ones are in a kind of legal vacuum. Therefore, as you can see, the licenses depend on the specific country where you want to play.
Security
Another element that we check is the security of said casino, that is, that they carry out protocols at all times that ensure the protection of user data. That is why all the casinos that we recommend from GuiaCasino have an SSL encryption system, which guarantees both the privacy of your account, the protection of 100% of your banking and personal data.
All these casinos, apart from their security, also demonstrate their transparency through the use of the RGN system, generation of random numbers, which ensures the transparency and randomness of the games that they make available to the user. In addition to having an admitted percentage of RTP, return to the player, that is, it has an indicator that shows that the return to the player is regularized.
They also promote a form of responsible gambling, offering all the necessary help to users who experience gambling problems. In addition, all of them have a seal of "Responsible Gambling", " Safe Gambling " or another of the accreditations that prove this.
Payment methods
One of the most important elements, and of course we cannot forget to check, is the variety of payment methods they offer. Here depending on the country and the real money online casino you want to play in, the payment methods will vary a lot. Of course, there are some payment methods that most online casinos have from experience, these are:
- Credit and charge cards : Visa , Mastercard and Maestro
- Electronic wallets: PayPal , Payoneer, Neteller and Skrill .
- Bank moves , among some others.
Apart from the various forms of payment, another element that we also take into account is the time of both deposit and withdrawal of money. Where it must be said that they are 100% linked both to the selected form of payment, and to the real money online casino in which we are playing.
Real money online casino bonuses
In addition, we cannot forget the games or casino bonuses offered by online casinos with money, with the aim of attracting and retaining users. Here in particular we have to highlight bonuses such as the welcome, the no deposit bonus, the one you receive for bringing a friend, the loyalty bonus, among a great list more. All the real money casinos that we recommend from GuiaCasino, have a wide variety of them.
Do you actually need to know more advantages?
Online casino games for real money
Another of the most important elements is the variety of casino games that they make available to the user to play. As a general rule, these usually have a wide variety of games, among which we highlight:
Traditional card games like online blackjack, online poker, and baccarat.
Other traditional casino games such as online roulette , bingo or keno.
The new range of online slots .
The modalities of live games.
To the latter, it must be emphasized that live games in this type of casino is one of the modalities that is currently being received the most. Since it has all the advantages of face-to-face casinos, plus those of online casinos.
Customer Service
This is one of the basic elements of review, because when a user has problems, what they value the most is good customer service. So this is one of the key items on our checklist and we need to know the information about. Most of the online casinos with money that we recommend from GuiaCasino, have a customer service 24 hours a day, 7 days a week and 365 days a year, via chat, telephone and mail.
Real money online casino software and graphics
Another element to take into account in this type of online casino is its software providers, since these are responsible for the range of online games that each casino has. Some of the most popular are casinos like Microgaming , Merkur Gaming, Playtech, Pragmatic Play and NetEnt.
And we cannot forget the design and graphics of dischos casinos, since they have to be 100% oriented to offer a pleasant user experience. That is to say, make the navigation of these simple and intuitive, always ensuring that they enjoy the experience to the fullest and do not encounter any kind of difficulty.
Advantages of playing in a real money casino
Next, we are going to show you all the advantages of this game mode:
The experience and excitement you experience when betting real money.
The economic benefits you get from playing
The comfort of being able to play wherever and whenever you want
The multiple modalities of payment methods that they offer.
Enjoy its wide gallery of games, both traditional and the latest modalities on the market.
But how can I play for real money?
The procedure is very simple, below, we are going to show you all the steps you must follow to play in these online casinos:
The first and most important thing is to choose the online casino where you want to play
Later you will have to register and create your casino account
Make your first deposit through the selected payment method
Choose the game (s) you want to play at the online casino
And, start playing and enjoy the experience!
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agen slot online

If you like casino games but don't want to risk your money, this section of our website dedicated to free online casino games is for you. Most of the games available here are Slot online machines, as they are more popular, but there are other types of games as well.
Try gambling for free before playing for real money or just have fun playing your favorite online casino games in demo mode without any risk and without having to register or download anything.
Before you start, you should read our answers to the following frequently asked questions:
What free casino games can I play here?
From which providers are the games available?
Do I need Flash for the games to work?
Why can't I play any of the games?
How can I play these games for real money?
Free casino games faq
Types of casino games you can play for free on our website
Slots are by far the most popular online casino games. Therefore, most of the games you will find here are free agen slot online to play for fun. However, we also have other types of casino games:
Free slots
Online roulette
Online blackjack
Video poker
Little by little we will be expanding our list of free casino games. Right now the slot machines stand out, but the idea is to add other games such as bingo, baccarat, craps or scratch cards.
If you only want to see a specific type of casino game, use the "Game Type" filter and select the desired category. Filters should help you find the game you are looking for as quickly as possible.
List of available game providers
As I have already mentioned, we are doing our best to expand the list of online casino games on our website. However, there are game providers that do not provide as many facilities as others. For this reason, you will not find all the most popular judi slot online games here, although we have done our best to include the most popular games and providers on the market.
Here is a list of the providers whose games you will find on the Casino.guru website:
NetEnt: Play NetEnt slots for free and try the demo mode of popular games like Starburst, Gonzo’s Quest or Jack and the Beanstalk. Most NetEnt games use HTML5, so they can also be played on mobile devices.
IGT: Play IGT online slots for free and try classics like Cleopatra or Davinci Diamonds.
Novomatic: We all know Sizzling Hot, right? Well, here you can enjoy it for free and play other Novomatic slots without risk.
Aristocrat - Play Queen of the Nile and other Aristocrat online slots for free.
Microgaming: This company will always be associated with the Mega Moolah slot game, having broken the record for the largest online progressive jackpot prize several times. However, on our website you can play hundreds of Microgaming slots for free.
Playtech: Age of Gods is Playtech's flagship series of slot games. Here you can try them all for free, as well as other Playtech games.
WMS - WMS games and slots are very popular in the United States, although they also have a following in Europe and other markets. Try the WMS slots for free through our website.
Konami - Japanese Konami slots are well known for a feature that can provide you with hundreds of free spins. Try Konami slots online for free.
Merkur: Merkur slots have become popular mainly thanks to their presence in land-based casinos in Germany and other European countries, although you can also try them online for free.
Yggdrasil: This is a young company, but this does not detract from the quality of their games one iota. Yggdrasil slots do not usually require Flash because they use HTML5, which will allow you to try their games for free from your mobile phone or tablet.
Kajot: it is a very popular provider in the Czech Republic and Slovakia since its games are present in physical casinos in these two countries. Try Kajot online slots for free.
Of course, the list does not end here. You can play slots and games from many other providers. Use the "Game Provider" filter to view only online casino games from selected providers.
Technologies needed to use our free casino games and slots
Despite less and less use, Flash technology is still required to enjoy most of the games on our website. That said, more and more games are being created or adapted using HTML5. These casino games tend to have fewer operating problems, do not consume as many resources and, above all, can be enjoyed from a mobile device.
Note: Flash is a somewhat old multimedia software platform that is used (still today) to produce animations, games, applications, and much more. Although it is very useful for creating online casino games, its many disadvantages are causing the rise of new technologies, such as HTML5.
If you accessed the Casino.guru website from a mobile device or PC without Flash Player, please use the filter "Compatible with mobile devices". In this way, only casino games that do not require the use of Flash will appear.
Casino games only available to players from certain countries
If you can't play a game, it may be due to usage restrictions based on your location. Some free slots and casino games are only available to users in certain countries. If you live in one of the restricted countries, too bad. In any case, you still have a wide variety of games that you can play for free.
How to Play Online Casino Games for Real Money
If you liked any of the games and want to try it for real money, find a casino that meets your requirements and allows you to play that game. When selecting a game, you will see the casinos that offer it at the bottom of the window.
However, don't be too hasty when choosing your casino. Some casinos are much better than others, which is why we have spent hours and hours preparing and refining our casino reviews in order to provide you with all the important information you need. Looking for a reliable casino that will pay you winnings if you are lucky enough to get them? Our reviews will help you find a safe and reputable casino to trust.
If you are just getting started in the world of online casinos, read the beginner's guide and my detailed instructions on How to choose an online casino. In this way, you will have all the necessary information to make a good decision.
Free casino games faq
How can you play slots and other casino games for free?
It is very easy to play slots and other casino games in our free games section. You don't have to download or install any programs. Just follow these simple instructions: check the list of games or select the one you want to play, touch it and the game will download, ready for you to enjoy. Then you just have to press the "spin" button if you play a slot machine, place your bet or start the round if you opt for a table game.
Can you win real money at free casino games?
No, it is not possible. Free casino games are roughly the same as you can find in online casinos, but without betting real money. When you load any of these games, you receive a specified amount of virtual currency that has no real value. You can play and increase your balance, but you can never withdraw the money accumulated in these games.
If you want to play for free and have a chance to win real money, we suggest you check our list of no deposit bonuses, which contains free money and spins bonus offers. These can be achieved by creating a new casino account and, if you win a prize, you can withdraw the money obtained.
Can I play free casino games on a phone or tablet?
Yes. Most of the games in our database use HTML5 technology, which is compatible with mobile devices, allowing you to play these games on any device that has a modern browser, including mobile phones (both iPhone and Android) and tablets. If you want to see only games compatible with mobile devices, use the "Mobile Devices" filter in the free games section.
Do I have to download a program to play?
No, you don't have to download anything. All the games in our database work from the browser and do not require any download or installation. However, some of the older games require the Flash player, so you may have to download it if you want to enjoy these games and do not have Flash installed on your computer. If you are using a mobile device, you will not have to install anything, since the Flash player is not compatible with these devices.
What types of casino games are available?
Our free casino games database contains slots, roulette games, blackjack, baccarat, craps, bingo, keno, scratch cards, video poker, and other types of games. The vast majority of games are slot machines, which is completely understandable if we consider that they are the most popular online casino games. Free roulette is also quite popular.
What game providers can I find at Casino Guru?
Our database contains the most popular casino game providers. You can find games from companies like NetEnt, Playtech, Microgaming, Big Time Gaming, Novomatic, etc., but also titles from lesser-known providers like Kajot, EGT or Amatic. In other words, if there is a free version of the game from a certain provider, it is more than likely that we have it in our database. You can apply the filters you want or use the search function to find what interests you the most.
Do the free games work the same as the real money versions?
The vast majority of free casino games have the same behavior as the real money versions. They have the same symbols on the reels, the same pay table and they work in an identical way. This is very important for players, as free games allow you to try them out before betting for real money, and if they had different mechanics, they could be misleading.
However, there are some exceptions. Some game providers allow casinos to choose between different versions of the same game, each with a different RTP. This means that the game you bet on for real money can theoretically have a lower RTP than the free version. Still, this is not something that affects all providers, but it is worth keeping in mind. We suggest you check the RTP at the online casino of your choice, if only to make sure.
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GAMES 📚 How to Guide 📚 5 Best Online Casinos for Real Money ⇩⇩

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Nick Xenophon calls for first-person shooter video games to be defined as gambling - Virtual weapons won in some games can be bought for real money and used like casino chips on online gambling websites.

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"I think I've lived long enough to see competitive Counter-Strike as we know it, kill itself." Summary of Richard Lewis' stream (Long)

I want to preface that the contents of this post is for informational purposes. I do not condone or approve of any harassments or witch-hunting or the attacking of anybody.
 
Richard Lewis recently did a stream talking about the terrible state of CS esports and I thought it was an important stream anyone who cares about the CS community should listen to.
Vod Link here: https://www.twitch.tv/videos/830415547
I realize it is 3 hours long so I took it upon myself to create a list of interesting points from the stream so you don't have to listen to the whole thing, although I still encourage you to do so if you can.
I know this post is still long but probably easier to digest, especially in parts.
Here is a link to my raw notes if you for some reason want to read through this which includes some omitted stuff. It's in chronological order of things said in the stream and has some time stamps. https://pastebin.com/6QWTLr8T

Intro

CSPPA - Counter-Strike Professional Players' Association

"Who does this union really fucking serve?"

ESIC - Esports Integrity Commission

"They have been put in an impossible position."

Stream Sniping

"They're all at it in the online era, they're all at it, they're all cheating, they're all using exploits, probably that see through smoke bug got used a bunch of times"

Match Fixing

"How many years have we let our scene be fucking pillaged by these greedy cunts?" "We just let it happen."

North America

"Everyone in NA has left we've lost a continents worth of support during this pandemic and Valve haven't said a fucking word."

Talent

"TO's have treated CS talent like absolute human garbage for years now."

Valve

"Anything that Riot does, is better than Valve's inaction"

Closing Statements

"We've peaked. If we want to sustain and exist, now is the time to figure it out. No esports lasts as long as this, we've already done 8 years. We've already broke the records. We have got to figure out a way to coexist and drive the negative forces out and we need to do it as a collective and we're not doing that."

submitted by Tharnite to GlobalOffensive [link] [comments]

Score Media and why its a massive candidate for a multi bagger

Hello fellow autists,
Just a pre-cursor, this is my first post of any kind on WSB. I would occasionally peruse the forum but was obviously drawn here from the GME craze and love every part of it.
Score Media and Gaming, listed on the TSX as SCR and in the US as TSCRF.
These guys have nothing but positive news coming in the next 12 months and has the ability to at least double in the next half year, if not sooner. These guys are foraying into the sports betting market and are the only players that have a fully intuitive and integrated sports scores/stats application on the market.
So what are the positives/catalysts for Score Media:
- Expansion with the help/investment of Penn Gaming to expand sportsbook in the US. Keep in mind, Penn is the same company that invested in Barstool. The Score is already approved in New Jersey, Indiana and Colorado, with Iowa right around the corner, and Michigan up next.
- Sports betting in Canada is a 14 Billion dollar market. Single wagering is currently illegal, however, there is unity across the aisle between all political parties to amend the criminal code and make single wagering legal. There are currently two bills in play. C-13 and C-218. C-13 second reading is currently delayed, while C-218 is scheduled for the House of Commons on February 24th. Like most countries, they have currently spent a ton of money propping up their respective economies due to COVID-19. It is highly unlikely the Canadian government rejects this massive taxable revenue stream when it needs it the most
- Leader in sports applications for time spent on the app on a monthly basis, beating out heavy hitters like TSN, ESPN, Bleacher Report....literally every other sports media application
- Only major player with an already existing sports news/fantasy application with seamless sportsbook integration. No hopping back and forth, you can wager through the sports app as if you were on the sportsbook
- They are the biggest E-sports media player with over 1 million subscribers on YouTube and that lead is growing
- They are pushing to get listed on the NYSE in the very near future to further growth and investment opportunities.
The only real hinderance that could potentially stop the run of this company is if the Canadian government fails to amend the current laws for single game wagering, which in the current economical climate, I find extremely unlikely. ESPECIALLY with support from all political parties including the Conservatives, New Democratic Party, Bloc Quebecois and most Liberal MP's.
Even in the event that this for some reason failed to pass, it still has access to an enormous US market with the backing of Penn.
I love this stock boys and girls!

EDIT 1: Currently with 2500 shares. Started at 1.71 and have been steadily buying dips, now at 1.91 cost average
Sources and Links:
Bill C-218 and Canadian Market: https://financialpost.com/telecom/everything-has-changed-canadian-companies-looking-to-cash-in-as-sports-betting-legalization-spreads
https://www.radionl.com/2021/02/04/bclc-advocating-for-ottawa-to-legalize-single-event-sport-betting/
ScoreBet integration: https://www.businesswire.com/news/home/20201112005877/en/Introducing-BET-SECTION-A-New-Dedicated-Home-for-Betting-on-theScore-App
Penn investment and US plans: https://www.thestar.com/business/2021/01/16/the-faceoff-score-media-vs-draftkings-the-well-known-canadian-online-gaming-site-is-bracing-for-competition-from-its-larger-us-peer-but-its-high-brand-recognition-across-canada-gives-it-home-ice.html
Canadian position compared to rivals and US listing plans: https://www.casino.org/news/thescore-ceo-says-company-in-pole-position-for-canadian-sports-betting/

submitted by BluesSteenV2 to wallstreetbets [link] [comments]

Detailed DD post [re-post after r/pennystocks removed it]

Detailed DD post [re-post after pennystocks removed it]
I posted this yesterday morning (UK time) but after 5 hours or so, pennystocks deleted the original post. A few people messaged me asking for it to be shared in a few High Tide specific pages. So here it is!
--
This is my first time posting a DD post – a friend of mine who moderates on SPACs has shared some analysis I have written previously, but I’m keen to share this here, and see if there is any appetite for sharing my own personal written DD I have on the 30 stocks I have across a number of different portfolios.
I have modified this format, as it was originally a script for a video which I created on the stock. If you prefer to listen – check it out here: https://youtu.be/qsjwU7kkPsw
Some of the market stats (market cap, current multiples, etc.) are correct as of Feb-06, and clearly a little outdated since the price movements.
Not a financial advisor, do your own DD. I am long HITI and have an expectation of a long term hold on this stock.
Overview
  • High Tide Canada-based cannabis retail company, operating under multiple brands. It operates under 3 core divisions:
  1. Brick and mortar retail – 4 key brands with just under 70 locations in Canada. Brands include: Canna Cabana, New Leaf, Meta Cannabis and Kushbar. Forecast to have around 115 stores by end of 2021
  2. Online retail – has 2 brands, both of which attract millions of viewers per month – Grasscity.com and CBDcity.com
  3. Wholesale – manufacturer of paraphernalia in US and Canada. Number of products are branded with various celebrities, Snoop Dogg, Paramount Pictures, Trailer Park Boys and many more
  • Has good c-level execs and experienced executive board; hold significant stake in the business. CEO Raj Grover holds just over 21% of the shares
  • Currently has a market cap of around $280m. Still significant upside to the valuation – see analysis later in post
Investment Merits
Very strong market growth:
  • Business has demonstrated growth both organically (through new store openings, more online sales and greater wholesale sales), as well as inorganically through M&A
  • Growth in markets which High Tide has a physical presence in is expected to be very strong. North American cannabis market (Canada and US) is forecast to grow by 30% a year to 2027 (source: research and markets)
  • Analysts covering High Tide are forecasting growth in excess of this, which is positive to see and implies capturing market share
  • New markets / geographies ‘opening up’, legalizing and regulating cannabis is also an exciting and realistic prospect for incremental growth:
  1. The US federal legalization debate is on the table
  2. Many other countries are considering this too and High Tide is well positioned for these; this is catalyzed by the fact that government debt has increased significantly as part of the response to the COVID-19 health crisis. This needs to be repaid somehow, and increasing tax rates on existing taxes is an unpopular political move. Finding new tax revenues is a more palatable way of increasing tax revenues for governments. This is especially important in countries where elections are upcoming.
  • Personally I do expect to see this accelerate the agenda for the regulation and legalization of cannabis in many new countries
  • Whilst predominantly Canada and US based, High Tide does have presence in some markets where cannabis is not regulated or legalized, the UK for example (~10% of Grasscity sales are made here) and so it is well positioned with a strong and established brand to capitalize on this opportunity, when / if the market ‘opens up’
Regulation
  • High Tide benefits from the regulatory focus and overhang on the cannabis retail sector as it represents a strong barrier to entry, making it more challenging for new competitors to enter market
  • Participants in the market need to have licenses and ensure consistent compliance with laws to continue operating – failure to comply can result in significant financial penalties
  • Personally I normally don’t like investing into retail. There are usually fairly limited barriers to entry, minimal differentiation and negligible customer loyalty, however the cannabis market does have different characteristics in this respect and makes it a more compelling proposition
  • Regulation also benefits those with scale, something High Tide has as the leading player in the market. It costs money to obtain and retain licences to operate and it costs money to ensure compliance with all the laws and regulations and that all staff are acting in accordance with these
  • Some parallels in this respect which can be drawn to casino gaming in casinos; you don’t see new casinos popping up at the same rate which you see new restaurants or apparel stores opening
Demand
  • There’s a lot to like about the demand dynamics for High Tide. It’s vice-nature means that demand is less correlated to disposable incomes. Given where we are in economic cycle, especially important consideration
  • For those doubting this, check alcohol, tobacco or gambling expenditure across economic cycles historically, for a proxy
Strong performance throughout COVID-19 crisis
  • Despite heavy weighting towards brick and mortar, (the most hard hit part of retail) it has effectively managed the shift to online, which is a positive
  • Has relied on government support and financial assistance in the form of job retention schemes (address in more detail later in post)
  • This demonstrates management are capable and have effectively navigated the challenging situation
Data
  • Massively summarized from the video, (and my video on KERN) so check that out if interested in this point, however, they have unique access to supply chain data which could be monetized effectively and generate strong levels of recurring revenues
  • Other established sectors have a trusted party with such unique access to data (e.g. alcohol, lithium, different foods, etc.) and the opportunity here is enormous
  • I would like to see High Tide capitalize on this
Forecasts financials & analysts
  • Currently 2 analysts covering High Tide, both have a buy rating on the business
  • Their coverage is slightly outdated (expect this being updated soon and a further catalyst for positive price action) and their price targets are 60c; at the time their reports were published, they were forecasting a 4x upside (HITI was trading at ~15c)
  • Same analysts also forecasting strong growth - 77% CAGR to 2022. They are forecasting revenues of around $250m and EBITDA of $46m. A reminder here, these are professional analysts, not YouTube students – these come from their financial models, the assumptions of which are discussed with management
https://preview.redd.it/nfq8h5fpvmg61.png?width=602&format=png&auto=webp&s=f48977ca9c0072003ac71206cef28b0a493dd583
Valuation
  • Going to go quick here, its explained more slowly in the video but High Tide is currently valued at a significant discount to the other listed peers
  • Looking at EV / FY+1 Sales multiples – EBITDA not meaningful as some of the peer group are EBITDA negative and High Tide itself has only recently become EBITDA positive

https://preview.redd.it/4t4n303rvmg61.png?width=342&format=png&auto=webp&s=636bca248743272bed283af97780d3e1e121312f
  • Personally, I think Planet13 is the most comparable given its business model
  • Taking both Planet13 multiple and peer group average multiple, this is then applied to High Tide’s forecast FY+1 sales to calculate an enterprise value – this is adjusted for net debt to get to a market capitalization and then divided by the share count to get an implied share price
  • The table below shows the implied stock price valuations from this analysis

https://preview.redd.it/1mks0oxrvmg61.png?width=406&format=png&auto=webp&s=587ca8e2468b825103905931ebe7ab5b42314c6f
NB – assumed the following:
  1. Net debt will change in coming year given the capital structure and a large number of convertible notes – this has been ignored given it will have small impact on the price
  2. The share count will change as a result of dilution from various instruments – if this bothers you massively then look at the valuation discount on the basis of the enterprise value as it does not impact this (and only slightly on the market cap given minimal impacts to cash from instrument execution, etc.)
  3. Not accounting for any stock split, consolidation or any other M&A deals
  4. The FY21 financials are on the basis of the mean broker estimates from Thomson Reuters – Seeking Alpha has different and slightly outdated ones
Investment Risks & Mitigants / Outstanding DD points
Exposure to changing regulation
  • US is only a small part of the market which High Tide addresses, while a change in regulation would have a big impact on the company, currently it is unlikely this would happen, given the discussions about potential federal legalization
  • Canada regulation is established and not going anywhere
  • Other countries likely to legalize and regulate cannabis, as outlined earlier
Dilution
  • No escaping that there will be some significant dilution for shareholders, as pointed out in the table below, but this should be already priced into the stock
  • Potential that new equity issuances could occur to help finance growth, but provided this growth is delivered, it should be accretive for the stock price

https://preview.redd.it/vkrb2ousvmg61.png?width=602&format=png&auto=webp&s=40f8f4c65b92efc15af0eba42bb873c774700eff
Potentially misleading cost basis information
  • A risk that investors need to be aware with for all companies which have relied on government financial support during COVID-19 measures. Such support has resulted in the number of businesses going bankrupt decreasing massively – this is at a lower level than it ever normally is and is masking some real underlying issues within companies. As investors we need to be open eyed about this
  • As High Tide has benefited from support in the form of the Canada’s Emergency Wage Support scheme, there is the risk that once this is lifted it may become apparent that the cost base has not been effectively managed
  • Personally, I think this is mitigated by the synergy analysis conducted as part of the M&A. A full cost base analysis would have been conducted to calculate the potential $8.4m synergies so strong likelihood that this is under control, but should keep on our radar and reassess
Marketing expenses and celebrity licenses
  • Need more information to ascertain whether these are underpinned by a compelling ROI. Seen a lot of people suggest this is a great positive, but the impact on sales volumes from these is unknown, as is the terms of these license agreements (e.g. split between upfront fee vs. volume-based fee)
  • No escaping the fact that it is an increased cost and so need to understand the ROI this generates to determine whether it really is compelling
  • Is there really more demand to pay a premium for Snoop Dogg bongs, Guns n Roses papers, Cheech & Chong grinders, or whatever they may be?
  • So far management have suggested this has been helpful in driving new sales, but this is something to dig into more
If you want to check out the video, it would be appreciated: https://youtu.be/qsjwU7kkPsw
submitted by AlexM-YT to HITIFSTOCK [link] [comments]

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