High tide secures cad$5 million subordinated debt financing to power continued growth

Calgary, ab , june 22, 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, is pleased to announce that it has closed a short-term debt financing from an arm's length credit provider (the "lender") for cad$5 million (the "loan"). the company has chosen to proceed with a small debt facility at this time as the company's proposed non-dilutive credit facilities with connectfirst credit union for cad$30 million (as previously announced on april 18, 2022) has been delayed until july 2022.
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