Stock price when the opinion was issued
Hiku is a combined company resulting from the merger of TS Brandco Holdings, Inc. (Tokyo Smoke) and DOJA Cannabis Company. Tokyo Smoke is a set of stores across Canada. Hiku is now merging with WeedMD (WMD-V), which focuses on medicinal cannabis, especially for seniors. Marchand sees a lot of complementarity in the merger and also sees potential in Ontario because the Ford administration is talking about changing Ontario’s dispensary model, which might give Tokyo Smoke a head start in this large market.
They continue to build the company. They are merging with Weed MD to get into the medical side. They are building up the cultivations side as well as the branding side. He thinks it could be a lot bigger company the way they are executing.