Core Viewpoint - High Tide Inc. has secured a $30 million convertible debt loan from a subsidiary of Cronos Group to fund future acquisitions and expand its cannabis retail operations in Canada, aiming to grow its store network beyond 300 locations [1][2][3]. Group 1: Loan Agreement Details - The Junior Secured Loan has a principal amount of $30 million, secured by a third priority lien on certain assets of High Tide, and bears an interest rate of 4% per annum [4]. - The loan has a 5-year term and can be repaid at any time without penalty, with the option for Cronos to convert the loan into common shares at a price of $4.20 per share [4]. - Cronos also received a warrant to purchase up to 3,836,317 common shares at an exercise price of $3.91 per share, representing a 25% premium to the 30-day volume weighted average price [5]. Group 2: Company Growth and Strategy - High Tide aims to utilize the working capital from the loan to enhance its business operations and expand its retail presence, reinforcing its position as a key player in the legal cannabis ecosystem [2][3]. - The company has been recognized as one of Canada's Top Growing Companies and ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023 [11]. - High Tide operates the largest cannabis retail chain in Canada, Canna Cabana, with 202 locations and continues to innovate in retail technology and consumer products [7][8]. Group 3: Industry Context - The investment from Cronos reflects a belief in the importance of a competitive retail environment that benefits producers, retailers, and consumers alike [3]. - High Tide's integrated operations across various components of cannabis, including retail, consumption accessories, and CBD, position it well within the growing cannabis market [7][10].

Core Viewpoint - High Tide Inc. is set to announce its financial and operational results for the second fiscal quarter of 2025 on June 16, 2025, after market close, with a subsequent webcast scheduled for June 17, 2025, to discuss these results and future expectations [1][2]. Company Overview - High Tide Inc. is recognized as the second-largest cannabis retailer globally by store count, with a focus on delivering value across all components of the cannabis industry [3][7]. - The company operates Canna Cabana™, the largest cannabis retail chain in Canada, with 200 locations across various provinces [3][4]. Retail Innovations and Offerings - High Tide has developed Fastendr™, an automated technology that enhances the retail experience through kiosks for browsing, ordering, and pickup [4]. - The company manages several leading e-commerce platforms for cannabis accessories, including Grasscity.com and Smokecartel.com [4]. Brand Portfolio - High Tide boasts a diverse brand roster, including Queen of Bud™, Cabana Cannabis Co™, and Daily High Club™, among others [5]. - The company is also involved in the CBD market through platforms like Nuleafnaturals.com and FABCBD.com [5][6]. Wholesale and Licensing - High Tide provides wholesale solutions via Valiant™ and engages in licensing agreements under the Famous Brandz™ name to promote cannabis culture [6]. Recognition and Growth - High Tide has been acknowledged as one of Canada's Top Growing Companies for four consecutive years and ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023 [7][8].