High Tide (TSE:HITI) has released an update.
High Tide Inc. has secured a $15 million subordinated debt financing deal to propel its expansion and maintain a positive cash flow amid Canada’s challenging cannabis retail market. The company, a major player with the second-largest retail presence in North America, will draw the funds in two tranches and use them for business development and general working capital. This strategic financial move comes as several competitors face creditor protection, highlighting High Tide’s market strength and creditworthiness.
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