GM
General Motors Company
stock NYSE

GM 🤍🤍😚

In a wild circumstance, I originally joined the Navy to be a GM, but when I went to MEPS, turns out I am color blind and deficient as fuck for depth perception. I'm a good old Texas boy who don't know shit but shooting.
But it worked out almost two decades later but also kinda jelly of your brother.

GM 🤍🤍😚

In a wild circumstance, I originally joined the Navy to be a GM, but when I went to MEPS, turns out I am color blind and deficient as fuck for depth perception. I'm a good old Texas boy who don't know shit but shooting.
But it worked out almost two decades later but also kinda jelly of your brother.

Wrote an article detailing why I think Vital Farms is an undervalued stock right now. It's my first article, and would love to get feedback and your overall thoughts on the stock. Thesis as to why I think the stock is a buy, and a quick summary to what you'll find in the link below:

**Summary:**
* Sentiment surrounding Vital Farms is negative, pressured by near term headwinds that do not affect the long term outlook of the company.
* Unit economics continue to improve on an expanding TAM. Revenue CAGR of 28% since 2020, GM expansion and EBIT margin improvement showcase business resilience.
* Low multiples the stock trades at, when compared to other high loyalty, quality consumer goods companies show possible upside.
* I believe the stock price weakness Mr. Market presents, opens up a buying opportunity.
[https://substack.com/home/post/p-195380977](https://substack.com/home/post/p-195380977)

Wrote up my first stock thesis on VITL, curious what holes the community can poke in it. Starting my learning journey. Feedback appreciated!! Below a brief summary of what you can find in the extended article.
**Summary:**
* Sentiment surrounding Vital Farms is negative, pressured by near term headwinds that do not affect the long term outlook of the company.
* Unit economics continue to improve on an expanding TAM. Revenue CAGR of 28% since 2020, GM expansion and EBIT margin improvement showcase business resilience.
* Low multiples the stock trades at, when compared to other high loyalty, quality consumer goods companies show possible upside.
* I believe the stock price weakness Mr. Market presents, opens up a buying opportunity.
[https://substack.com/home/post/p-195380977](https://substack.com/home/post/p-195380977)

RemindMe! 14 days "Char GM"

https://preview.redd.it/ma3k1zw6p5xg1.png?width=1013&format=png&auto=webp&s=32050f30beb42029ca577d86a34fdac8d05647ce
**HITI currently has over 2.5 million members across Canada, with a long-term goal revised upwards to 4 million from 2.5 million, which has already been exceeded.**
https://preview.redd.it/bk0pq078p5xg1.png?width=1080&format=png&auto=webp&s=6f3f7f2683ab34ef21f5cee50d1918d37dc5a5c2
Market share reached an all-time high, confirming the superiority of HITI’s $Cost model, which makes it unique compared to its peers.
**Raj’s goal is to convert at least 40% of those members into Elite members!**
If we assume 4 million subscribers, from the current 2.5 million, **we’ll have 1.6 million Elite members with a 40% conversion**.
Recurring revenue from paid members alone would exceed $64 million, at a cost of $40 per year, but I expect the price to increase in the coming years as competition decreases and HITI gains pricing power, while also increasing GMS.
**Elite/white label inventory will increase from the current 2% to 25-30%**, effectively altering the future GMS resulting from this change (3-4 years).
When Hiti raises the price of Elite and White Label memberships, GM will increase significantly. **At the current valuation with 70 million in high-margin recurring revenue by 2030 (Only from ELITE)**...if you have a 10-year horizon, it is not financial advice, but buying $HITI shares can turn out to be the best decision imo
Furthermore, an Elite customer, just like an Amazon Prime customer, will make repeat purchases and contribute to greater revenue for the company.
**Don’t measure a company built over decades with a quarterly time horizon.**
https://preview.redd.it/beu4ttwrp5xg1.png?width=985&format=png&auto=webp&s=be1636737ca6d2aea608fb57fc627f523a2054e3
**Canna Cabana remains the preferred destination for consumers as data shows:**
* Daily users move the market and are about 2x more likely to shop most often at Canna Cabana than our closest peer
* Canna Cabana same-store sales have increased 151% between October 2021 and October 2025 as consumers have come to appreciate the offering of our discount club model
* The average Canna Cabana store nationally was on a $2.6MM annual revenue run rate in October 2025 vs. $1.2MM for peers in the five provinces in which we operate.
https://preview.redd.it/z8p4k33tp5xg1.png?width=1080&format=png&auto=webp&s=3ca1c83fd017dc42ee6dc278f5c4374b3218157d

High Tide is the company with the most data available in its sector of any other. This allows it to anticipate consumer trends and develop white-label products in line with current trends.
An overlooked aspect is that the company managed the crisis in BC when the strike broke out last September, causing a 55% drop in sales in the province, due to the strikes in provincial shops.
HITI took advantage of this opportunity to increase its market share in BC; with only eight stores, it is now the most well-known chain in the province!
A hallmark of efficiency in logistics and management
In the past, the company built 20 to 30 stores each year.
Now, the situation is changing. A member here made the comparison citing Nike’s early days in the 90’s when it couldn’t meet short-term demand because it didn’t have enough capital to buy more inventory, which is very good news. It means demand for canna cabana products is skyrocketing, while competitors are going out of business.
As sales and scale increase, demand increases and so does capital expenditure in the short term.
Currently, Hiti is prioritizing market share, building loyalty among its members, and patiently waiting for most of its competitors to exit the market (currently over 3,600 dispensaries in Canada).
https://preview.redd.it/jpwxrb6up5xg1.png?width=1080&format=png&auto=webp&s=1c285bec56c15cf85ed668593d84c4396ff6d007

**Long term target, in my opinion, is 500+ stores in Canada which Raj does not want to state his number, because he prefers to raise the target once it has been reached**
**BIG NEWS :**
BC will double its store limit, perhaps to 32 next year, after what happened with the strikes.
HITI will have 32 stores in BC in the long term. Imagine the unpriced revenue from that province! (In reality, nothing is priced by the market at this price.)
Canna Cabana is showing the provinces that where its stores are located, the illicit market is significantly declining, and the data shows it.
It’s possible , This is just my opinion, that in the future (in a few years), Ontario will further raise the limit to 200 stores, and provinces with government-run stores will allow HITI to open (ex. Quebec).
Raj has a clear vision that the cannabis market could exceed 7 bln in Canada in 2-3 years from today
https://preview.redd.it/7tn9qo7hp5xg1.png?width=1080&format=png&auto=webp&s=6d31b354b88ee67dff4ff6e2d34116e6dcf85172
Remexian will make a significant contribution to the business model in the future.
Hiti’s leverage and scale have allowed the company to purchase tons of medical cannabis at a 40% discount compared to Remexian.
This will have a significant impact on Q3 financial figures.
The company is evaluating projected sales in the UK, a rapidly growing market, expected in H2. Remexian will play a role at the European level.
As Raj has said in the past: “Germany will only be a gateway to Europe. Remexian will be recognized globally within 10 years and will also ship to Australia.
https://preview.redd.it/umhc2ugkp5xg1.png?width=1080&format=png&auto=webp&s=eca06eccfd1617caab5f930f194692d3366d4802
https://preview.redd.it/fxphz3qlp5xg1.png?width=900&format=png&auto=webp&s=72672248c9d58dd4e811dc07fab232564d053c2c
https://preview.redd.it/1657bksnp5xg1.png?width=900&format=png&auto=webp&s=612cfc8be7832c9c03aa26d77c14fca4721e85b2
currrent estimates for the European medical market, which I think very few people are really aware of, are around a 60 billion € market by 2030, much larger than the current American one.
# France’s Potential Cannabis Market Is Valued At $8.3 Billion
[https://thetalmangroup.com/frances-potential-cannabis-market-is-valued-at-8-3-billion/](https://thetalmangroup.com/frances-potential-cannabis-market-is-valued-at-8-3-billion/)
France is implementing measures to implement cannabis in the national health system
**In summary:**
• Most data rich cannabis company in Canada, and potentially out of Canada. This will lead to white lable products tailored directly to consumer’s wants. Overtime increasing profit margins.
• market share continues to grow , Raj is in talks with large chains: blocks of 40+ stores
• Same store sales up 151% in last 4 years vs -14% for average operator. This demonstrates a clear competitive edge and executional acumen by High Tide. “Stay tuned, this year will have some M&A”
• Convert 40-50% of current loyalty members to Elite, **leading to over 1M members**. Elite paid membership creates a more loyal and sticky client, while generating thick margins through membership subscriptions
• Remexian “...its going to be a massive contributor to our financial profile”
2 Tons purchased and landing in March, at about 50% less than what Remexian was paying. Multiple deals coming \*inbound\*. **Remexian will do 4-5 tons per month in the near future.**
• Significant \*inbound\* interest from large American operators for licensing or other deals. “Things are looking brighter and brighter”
High Tide is running on all cylinders. Its hard to diversify when the company keeps delivering like this
**Overview on $Cost of #cannabis**
https://preview.redd.it/wl8nj11pp5xg1.png?width=1080&format=png&auto=webp&s=37c81c0dd828d7fa4d1ee3145099f0c29de84009
Latest presentation [https://hightideinc.com/presentation/](https://hightideinc.com/presentation/)
i am very long term in this company
Thanks for reading, share if you like it

Yeah buying a basket full of moat-less SaaS company going through repricing of changing GM must be a good idea!
lol this regard mentions servicenow and doesn’t even own it in his port. Oh and the legendary buying “SaaS” when leaving out the most important MSFT.

https://preview.redd.it/0on4znbqn3xg1.png?width=1013&format=png&auto=webp&s=29b2eb4b2817f23b2db747088c1baa15b9e772e6
**HITI currently has over 2.5 million members across Canada, with a long-term goal revised upwards to 4 million from 2.5 million, which has already been exceeded.**
https://preview.redd.it/qv8sc76un3xg1.png?width=1080&format=png&auto=webp&s=50add1351ffcda4a744b18f4fda70e6c1d316fab
Market share reached an all-time high, confirming the superiority of HITI’s $Cost model, which makes it unique compared to its peers.
**Raj’s goal is to convert at least 40% of those members into Elite members!**
If we assume 4 million subscribers, from the current 2.5 million, **we’ll have 1.6 million Elite members with a 40% conversion**.
Recurring revenue from paid members alone would exceed $64 million, at a cost of $40 per year, but I expect the price to increase in the coming years as competition decreases and HITI gains pricing power, while also increasing GMS.
**Elite/white label inventory will increase from the current 2% to 25-30%**, effectively altering the future GMS resulting from this change (3-4 years).
When Hiti raises the price of Elite and White Label memberships, GM will increase significantly. **At the current valuation with 70 million in high-margin recurring revenue by 2030 (Only from ELITE)**...if you have a 10-year horizon, it is not financial advice, but buying $HITI shares can turn out to be the best decision imo
Furthermore, an Elite customer, just like an Amazon Prime customer, will make repeat purchases and contribute to greater revenue for the company.
**Don’t measure a company built over decades with a quarterly time horizon.**
https://preview.redd.it/zhsylvawn3xg1.png?width=985&format=png&auto=webp&s=678343786202dc5d661c090e349148fe7a34912a
**Canna Cabana remains the preferred destination for consumers as data shows:**
* Daily users move the market and are about 2x more likely to shop most often at Canna Cabana than our closest peer
* Canna Cabana same-store sales have increased 151% between October 2021 and October 2025 as consumers have come to appreciate the offering of our discount club model
* The average Canna Cabana store nationally was on a $2.6MM annual revenue run rate in October 2025 vs. $1.2MM for peers in the five provinces in which we operate.
https://preview.redd.it/i7xsvuvxn3xg1.png?width=1080&format=png&auto=webp&s=17e59796ce62f71106c00cf07c55cf3f06415593
High Tide is the company with the most data available in its sector of any other. This allows it to anticipate consumer trends and develop white-label products in line with current trends.
An overlooked aspect is that the company managed the crisis in BC when the strike broke out last September, causing a 55% drop in sales in the province, due to the strikes in provincial shops.
HITI took advantage of this opportunity to increase its market share in BC; with only eight stores, it is now the most well-known chain in the province!
A hallmark of efficiency in logistics and management
In the past, the company built 20 to 30 stores each year.
Now, the situation is changing. A member here made the comparison citing Nike’s early days in the 90’s when it couldn’t meet short-term demand because it didn’t have enough capital to buy more inventory, which is very good news. It means demand for canna cabana products is skyrocketing, while competitors are going out of business.
As sales and scale increase, demand increases and so does capital expenditure in the short term.
Currently, Hiti is prioritizing market share, building loyalty among its members, and patiently waiting for most of its competitors to exit the market (currently over 3,600 dispensaries in Canada).
https://preview.redd.it/6ugrczmzn3xg1.png?width=1080&format=png&auto=webp&s=ae0938be00a1339caaa160f8d59c1e1eac9942c9
**Long term target, in my opinion, is 500+ stores in Canada which Raj does not want to state his number, because he prefers to raise the target once it has been reached**
**BIG NEWS :**

BC will double its store limit, perhaps to 32 next year, after what happened with the strikes.
HITI will have 32 stores in BC in the long term. Imagine the unpriced revenue from that province! (In reality, nothing is priced by the market at this price.)
Canna Cabana is showing the provinces that where its stores are located, the illicit market is significantly declining, and the data shows it.
It’s possible , This is just my opinion, that in the future (in a few years), Ontario will further raise the limit to 200 stores, and provinces with government-run stores will allow HITI to open (ex. Quebec).
Raj has a clear vision that the cannabis market could exceed 7 bln in Canada in 2-3 years from today
https://preview.redd.it/f1rtmuw0o3xg1.png?width=1080&format=png&auto=webp&s=fa8a8d860e0949042e69fcbea262147b408536a7
Remexian will make a significant contribution to the business model in the future.
Hiti’s leverage and scale have allowed the company to purchase tons of medical cannabis at a 40% discount compared to Remexian.
This will have a significant impact on Q2 financial figures.
The company is evaluating projected sales in the UK, a rapidly growing market, expected in H2. Remexian will play a role at the European level.
As Raj has said in the past: “Germany will only be a gateway to Europe. Remexian will be recognized globally within 10 years and will also ship to Australia.
https://preview.redd.it/6lu354c2o3xg1.png?width=1080&format=png&auto=webp&s=17d0885336db65aec837db2a771277565c13dfae
https://preview.redd.it/rq1rr1h3o3xg1.png?width=900&format=png&auto=webp&s=08c94ae06a697b0f0f81db967177fb9c20f6c4c3
https://preview.redd.it/q7udu514o3xg1.png?width=900&format=png&auto=webp&s=d783eb4f14b3c85ed86463721495fe19564e3ab6
Current estimates for the European medical market, which I think very few people are really aware of, are around a 60 billion € market by 2030, much larger than the current American one.
# France’s Potential Cannabis Market Is Valued At $8.3 Billion
[https://thetalmangroup.com/frances-potential-cannabis-market-is-valued-at-8-3-billion/](https://thetalmangroup.com/frances-potential-cannabis-market-is-valued-at-8-3-billion/)
France is implementing measures to implement cannabis in the national health system
**In summary:**
• Most data rich cannabis company in Canada, and potentially out of Canada. This will lead to white lable products tailored directly to consumer’s wants. Overtime increasing profit margins.
• market share continues to grow , Raj is in talks with large chains: blocks of 40+ stores
• Same store sales up 151% in last 4 years vs -14% for average operator. This demonstrates a clear competitive edge and executional acumen by High Tide. “Stay tuned, this year will have some M&A”
• Convert 40-50% of current loyalty members to Elite, **leading to over 1M members**. Elite paid membership creates a more loyal and sticky client, while generating thick margins through membership subscriptions
• Remexian “...its going to be a massive contributor to our financial profile”
2 Tons purchased and landing in March, at about 50% less than what Remexian was paying. Multiple deals coming \*inbound\*. **Remexian will do 4-5 tons per month in the near future.**
• Significant \*inbound\* interest from large American operators for licensing or other deals. “Things are looking brighter and brighter”
High Tide is running on all cylinders. Its hard to diversify when the company keeps delivering like thi
Latest presentation [https://hightideinc.com/presentation/](https://hightideinc.com/presentation/)
https://preview.redd.it/od2ni2q7o3xg1.png?width=1080&format=png&auto=webp&s=34afcbc37ae105f688a630b797bfaa2cec7ac00d
i am very long term in this company
Thanks for reading, share if you like it