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High Tide secures C$40M senior secured credit facilities to refinance debt and support growth.

Company Fundamentals
15 Jun 2026
Prnewswire
View Source
Bullish
pluang ai news

High Tide Inc. has obtained credit approval for C$40 million in senior secured credit facilities from Bank of Montreal. The new loan agreement includes a $25 million revolving facility and a $15 million delayed draw term loan, which will refinance existing debt and provide capital for working capital, acquisitions, and investments. This refinancing is expected to lower the company's capital costs and support its expansion, including its retail cannabis operations and medical cannabis distribution in Canada and Germany. Closing is expected within 30 days, subject to customary conditions.

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