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High Tide Inc
Symbol HITI
Shares Issued 665,724,103
Close 2021-04-22 C$ 0.60
Recent Sedar Documents

High Tide files final base shelf prospectus

2021-04-22 18:34 ET - News Release

Mr. Omar Khan reports

HIGH TIDE FILES FINAL BASE SHELF PROSPECTUS

High Tide Inc. has filed a final short form base shelf prospectus to provide the company with the flexibility to take advantage of financing opportunities and favourable market conditions, if and when needed, during the 25-month period that the prospectus remains effective.

The prospectus has been filed in each of the provinces and territories in Canada. The prospectus enables the company to offer, issue and sell, from time to time, common shares, warrants, units, subscription receipts, debt securities, convertible securities or any combination of such securities for up to an aggregate offering price of $100-million (or its equivalent), in one or more transactions during the effective period.

High Tide has filed the prospectus to provide the company with greater financial flexibility over the next two years. The company, however, has not entered into any agreements or arrangements to authorize or offer any securities at this time, and there are no immediate plans to issue securities under the prospectus.

The company may also use the prospectus in connection with an at-the-market distribution in accordance with applicable securities laws, which would permit securities to be sold on behalf of the company through the TSX Venture Exchange (or other existing trading markets) as further described in the applicable prospectus supplement.

The company may use the net proceeds from the sale of securities for general corporate purposes, capital projects, internal expansion, or for the acquisition of other businesses, assets or securities by the company or one of its subsidiaries.

If any securities are offered under the prospectus, the terms of any such securities and the intended use of the net proceeds resulting from such offering would be established at the time of any offering, and would be described in a prospectus supplement filed with the applicable Canadian securities regulatory authorities at the time of such offering and would be made available by High Tide.

Both the prospectus and the preliminary short form base shelf prospectus can be found on SEDAR under the company's profile.

About High Tide Inc.

High Tide is a retail-focused cannabis company enhanced by the manufacturing and distribution of consumption accessories. The company is the largest Canadian retailer of recreational cannabis as measured by revenue, with 84 branded retail locations spanning Ontario, Alberta, Manitoba and Saskatchewan. High Tide's retail segment features the Canna Cabana, KushBar, Meta Cannabis Co., Meta Cannabis Supply Co. and NewLeaf Cannabis banners, with additional locations under development across the country. High Tide has been serving consumers for over a decade through its numerous consumption accessory businesses, including e-commerce platforms Grasscity.com, Smokecartel.com and CBDcity.com, and its wholesale distribution division under Valiant Distribution, including the licensed entertainment product manufacturer Famous Brandz. High Tide's strategy as a parent company is to extend and strengthen its integrated value chain, while providing a complete customer experience and maximizing shareholder value. Key industry investors in High Tide include Aphria Inc. and Aurora Cannabis Inc.

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