Opinions
Genevieve Roch-Decter
Hiku Brands Company Ltd.
DJACF-N
COMMENT
Jun 19, 2018
N/A
Stock price when the opinion was issued
0
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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.