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High Tide Inc
Symbol HITI
Shares Issued 665,724,103
Close 2021-04-14 C$ 0.63
Recent Sedar Documents

High Tide debenture amended

2021-04-14 20:57 ET - Private Placement - Debenture

Further to a convertible debenture issued pursuant to a private placement originally announced on April 10, 2019, the TSX Venture Exchange has consented to the amendment of the convertible debenture.

Convertible debenture:  $2-million principal amount of unsecured convertible debenture

Conversion price:  convertible into common shares of the company at a price equal to 75 cents per common share (unchanged)

Original interest rate terms:  10 per cent per annum, payable annually in advance in common shares at a deemed price per common share equal to the volume weighted average trading price for the 10 trading days prior to the issue date

Amended interest rate terms:  7.0 per cent per annum from on and after April 18, 2021, to the amended maturity date (as defined below) (The interest payment shall be payable in either cash or common shares at the sole discretion of the company semi-annually in arrears on June 1 and Dec. 1 with the first payment beginning June 1, 2021.)

Original maturity date:  April 18, 2021

Amended maturity date:  April 18, 2023

For further information, please refer to the company's news release dated April 8, 2021.

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