High Tide Executes Binding Subscription Agreements for $15 Million in Subordinated Debt

Five-Year Debt Financing Provides More Fuel to Continue Growing While Remaining Free Cash Flow Positive "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 EBITDA1, and could stand to benefit from obtaining more debt to continue fueling our rapid store ...