High Tide (TSE:HITI) has released an update.
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High Tide Inc., a significant player in the cannabis industry, has successfully closed a $15 million subordinated debt facility. The funds, secured through the issuance of subordinate secured debentures, are earmarked for debt repayment, business development, and general working capital. The transaction also involves the issuance of common shares to lenders, with full transaction details subject to regulatory approval and statutory hold periods.
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