High tide announces closing of final tranche of $15 million subordinated debt facility

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 , nov. 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 closed the final tranche (as defined herein) of its previously disclosed subordinated debt facility of $1,000 principal subordinate secured debentures of the company (each, a "debenture") for aggregate gross proceeds of $15 million (the "facility") at a price of $900 per debenture, pursuant to subscription agreements with arm's length institutional credit providers (collectively, the "lenders").
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