High tide announces elimination of senior secured debt and addition to advisorshares pure cannabis etf (nyse: yolo)

Calgary, ab, june 8, 2021 /prnewswire/ - high tide inc. ("high tide" or the "company") (nasdaq: hiti) (tsxv: hiti) (fra: 2lya), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, is pleased to announce that the company's senior secured lender has converted substantially all of its debt into common shares of the company (the "common shares"), removing one of the remaining obstacles for high tide to finalize a credit facility with a canadian bank on standard commercial terms. over the last six months, high tide has eliminated over $40 million of debt.
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