{"id":971881,"date":"2026-06-15T06:18:13","date_gmt":"2026-06-15T10:18:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/high-tide-secures-credit-approval-for-c40mm-of-senior-secured-credit-facilities\/"},"modified":"2026-06-15T06:18:13","modified_gmt":"2026-06-15T10:18:13","slug":"high-tide-secures-credit-approval-for-c40mm-of-senior-secured-credit-facilities","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/high-tide-secures-credit-approval-for-c40mm-of-senior-secured-credit-facilities\/","title":{"rendered":"High Tide Secures Credit Approval for C$40MM of Senior Secured Credit Facilities"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n CALGARY, AB<\/span>, June 15, 2026<\/span> \/PRNewswire\/ – High Tide Inc. (“High Tide” or the “Company”) (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, today announced that, further to its press release dated May 5, 2026, it has secured credit approval for a loan agreement (the “Loan Agreement”) with Bank of Montreal (“BMO”) in respect of new senior secured credit facilities in the principal amount of C$40 million (the “New Credit Facilities”). Closing of the New Credit Facilities remains subject to the satisfaction of customary closing conditions. Upon closing, the New Credit Facilities will replace the Company’s existing senior credit facility.<\/p>\n

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\n \"High\n <\/p>\n<\/p><\/div>\n

“This is a defining moment for High Tide and speaks volumes about the scale, consistency, and quality of what we have built. Our new senior lender’s facility translates directly into materially lower-cost capital as we enter our next phase of growth,” said Raj Grover, Founder and Chief Executive Officer of High Tide.<\/p>\n

\n TRANSACTION DETAILS<\/b>\n <\/p>\n

The Loan Agreement provides for two committed facilities, on terms consistent with those announced by the Company on May 5, 2026:<\/p>\n