High Tide Executes Binding Subscription Agreements for $15 Million in Subordinated Debt [Yahoo! Finance]
High Tide Inc. - Common Shares (HITI)
Company Research
Source: Yahoo! Finance
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated August 31, 2023 to its short form base shelf prospectus dated August 3, 2023 CALGARY, AB June 13, 2024 /CNW/ - 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, announced today that it has entered into binding subscription agreements with arm's length institutional credit providers (together, the " Lenders ") for aggregate gross proceeds of $15 million in a subordinated debt financing (the " Financing "I am very excited to announce that we have signed definitive agreements for an aggregate of $15 million in debt financing, plus a $10 million accordion feature. We have discussed publicly how we believe we are underleveraged, with our gross debt representing less than one times our 12-month trailing Adjusted EBITD
Show less
Read more
Impact Snapshot
Event Time:
HITI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
HITI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
HITI alerts
High impacting High Tide Inc. - Common Shares news events
Weekly update
A roundup of the hottest topics
HITI
News
- High Tide to Open 80th Canna Cabana in Alberta [Yahoo! Finance]Yahoo! Finance
- High Tide to Open 80th Canna Cabana in AlbertaPR Newswire
- High Tide: Higher Margins Are Now The Base Scenario [Seeking Alpha]Seeking Alpha
- High Tide Reports Second Quarter 2024 Financial Results Featuring Record Free Cash Flow of $9.4 Million and Positive Net Income [Yahoo! Finance]Yahoo! Finance
- High Tide Reports Second Quarter 2024 Financial Results Featuring Record Free Cash Flow of $9.4 Million and Positive Net IncomePR Newswire
HITI
Sec Filings
- 6/21/24 - Form 6-K
- 6/20/24 - Form 6-K
- 6/14/24 - Form 6-K/A
- HITI's page on the SEC website