High tide closes on $30 million convertible debt from cronos group inc.

Calgary, ab, and toronto, on , july 16, 2025 /prnewswire/ - high tide inc. ("high tide") (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 a loan agreement (the "loan agreement") with a wholly owned subsidiary of cronos group inc. (nasdaq: cron) (tsx: cron) to secure convertible debt with a principal amount of $30 million (the "junior secured loan"). high tide intends to use this working capital to fund future acquisitions and organic growth as it seeks to expand its business and grow its domestic store network beyond 300 locations in canada.
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