High Tide secures $40M credit facilities from a major Canadian bank, boosting growth and refinancing debt.

High Tide Inc. announced it has signed a term sheet for $40 million in new senior secured credit facilities with one of Canada's Big 5 banks, replacing its existing credit facility. The financing includes a $25 million revolver for refinancing and working capital, and a $15 million delayed draw term loan to refinance second-lien debentures. This deal marks institutional validation of High Tide's business scale and provides lower-cost capital to support growth in retail, expansion in Germany, and entry into new markets. The closing is expected within 60 days, subject to conditions.