High tide secures commitment letter from connect first credit union for non-dilutive financing

This news release constitutes a "designated news release" for the purposes of the company'sprospectus supplement dated december 3, 2021 to its short form base shelf prospectus dated april 22, 2021 calgary, ab , aug. 18, 2022 /prnewswire/ - high tide inc. ("high tide" or the "company") (nasdaq: hiti) (tsxv: hiti) (fse: 2lya), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, announced today that it has entered into a binding commitment letter with connect first credit union ltd. ("connectfirst") for a $19 million credit facility with an initial 5-year term (the "credit facility"), at connectfirst's floor interest rate.
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