High Tide Files $100.0 Million Preliminary Base Shelf Prospectus

High Tide (TSXV: HITI) last night announced the filing of a preliminary short form base shelf prospectus. The filing will enable the company to raise up to $100.0 million in aggregate gross proceeds over a 25 month period.

The company did not indicate how soon it intends to raise funds under the prospectus, however it did note that the filing is valid for common shares, warrants, units, subscription receipts, debt securities, convertible securities, or any combination of the above. The company also specifically mentioned “at-the-market” offerings as being eligible under the prospectus, however it noted no such agreement has yet been entered.

Proceeds from the prospectus have been identified as potentially being used for capital projects, internal expansion, the acquisition of other operations or assets, as well as general corporate purposes. As always, further details on the use of proceeds are to be provided upon the filing of a final prospectus under the base shelf.

High Tide Holdings last traded at $0.76 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

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Gold is Up 30%, But the Real Bull Market is Only Starting Now! | Adrian Day

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

High Tide, Meta Growth To Merge In All Stock Transaction

High Tide (CSE: HITI) and Meta Growth Corp (TSXV: META) jointly announced this morning that...

Friday, August 21, 2020, 11:10:02 AM

High Tide Acquires Ontario Canna Cabana Retail Location

High Tide Inc (CSE: HITI) this morning became one of the first public firms to...

Monday, January 27, 2020, 09:19:47 AM

High Tide Releases Preliminary Financials For Fiscal 2021: $181.1 Million In Revenue, Net Loss

High Tide Inc. (TSXV: HITI) shared on Thursday its preliminary unaudited financial statements for fiscal...

Friday, January 28, 2022, 11:38:00 AM

High Tide Secures $25 Million Funding Via Credit Facilities

High Tide (TSXV: HITI) has secured further funding for its operations. The company this morning...

Monday, October 18, 2021, 08:01:01 AM

High Tide To Raise $15.0 Million Via Bought Deal Financing

High Tide Inc. (TSXV: HITI) last night announced that it has entered into an agreement...

Wednesday, May 19, 2021, 09:19:53 AM