Monday, September 15, 2025

High Tide Extends Maturity Of Credit Facility At Eleventh Hour

High Tide Inc (TSXV: HITI) has managed to extend certain debt at the eleventh hour that was due to Windsor Private Capital. Originally issued at the start of this year under a $10.0 million credit facility, the debt was originally to be due tomorrow, on December 15, 2020.

The company however was able to renegotiate an extension to the maturity date to December 31, 2021, along with a subsequent one year extension to push it further to December 31, 2022. Also included with the amendment was a decrease in the interest rate of the loan from 11.5% to 10.0%, while certain warrant adjustments were made as well. The conversion price of $0.17 per share will remain the same.

At the time of announcement, Windsor was granted 58.8 million warrants to purchase common share of the company at a price of 150% of the conversion price of the debt, although only a portion had vested previously. Now, only 35.3 million will remain following the cancellation of the remaining portion, with the conversion price set at $0.255, and expiry adjusted to December 31, 2022.

$6.0 million currently remains outstanding under the credit facility, with $4.0 million being undrawn. The debt may be converted at any time, at Windsor Capital’s option.

The company has also finalized the extension of $4.25 million in convertible debentures, with the maturity dates of three separate debentures issued between December 12, 2018 and December 4, 2019 now having been extended to December 31, 2022.

High Tide Inc last traded at $0.205 on the TSX Venture.


Information for this briefing was found via Sedar and High Tide Inc. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

High Tide Closes On $10 Million Acquisition Of Daily High Club

High Tide Inc. (TSXV: HITI) today announced the closing of its acquisition of DHC Supply...

Tuesday, July 6, 2021, 09:27:17 AM

High Tide Takes 80% Stake In FABCBD For US$20.6 Million

High Tide Inc. (TSXV: HITI) announced this morning that it has completed the previously announced...

Monday, May 10, 2021, 09:19:33 AM

High Tide To Acquire Regina Cannabis Retail Portfolio For $2.9 Million

High Tide Inc. (TSXV: HITI) this morning announced that it is expanding its presence within...

Tuesday, July 13, 2021, 08:12:24 AM

High Tide Plans To Enter UK Market With £9.1 Million Blessed CBD Acquisition Deal

High Tide Inc. (TSXV: HITI) announced last week that it has entered into a definitive...

Monday, October 11, 2021, 05:52:00 PM

High Tide Approved For Nasdaq Listing

High Tide Inc. (TSXV: HITI) announced today that they have been approved to list their...

Friday, May 28, 2021, 07:32:24 AM