High tide executes binding subscription agreements for $15 million in subordinated debt

Five-year debt financing provides more fuel to continue growing while remaining free cash flow positive   this news release constitutes a "designated news release" for the purposes of the company's prospectus supplement dated august 31, 2023 to its short form base shelf prospectus dated august 3, 2023 calgary, ab , june 13, 2024 /prnewswire/ - high tide inc. ("high tide" or the "company") (nasdaq: hiti) (tsxv: hiti) (fse: 2lya), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that it has entered into binding subscription agreements with arm's length institutional credit providers (together, the "lenders") for aggregate gross proceeds of $15 million in a subordinated debt financing (the "financing"). "i am very excited to announce that we have signed definitive agreements for an aggregate of $15 million in debt financing, plus a $10 million accordion feature.
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