Canadian cannabis retail, CBD e-commerce and accessory company High Tide announced plans to raise up to 40 million Canadian dollars ($31.3 million) over time by way of an at-the-market equity program.
The funding will be used “to fund two specific strategic initiatives (High Tide) is currently developing,” according to a Monday news release that did not specify what those initiatives might be.
The funds also will “support the growth and development of the company’s existing operations, funding future acquisitions as well as working capital and general corporate purposes.”
Are you a social equity cannabis license holder or applicant?
The MJBizCon team is now accepting 2023 Social Equity Scholarship Program applications.
The mission of this program is to provide social equity cannabis license holders or applicants access to the #1 global cannabis industry conference + tradeshow in Las Vegas.
Who can apply?
- Students currently enrolled in a cannabis-related program at an accredited university or college.
- Cannabis executives at licensed social equity cultivation, extraction/processing, retail, manufacturing/brand businesses (or awaiting application approval).
Don’t miss out on this potentially life-changing opportunity.
Apply to attend MJBizCon today – The application period will close on July 24!
The Calgary, Alberta-based company has made a series of acquisitions this year, most recently acquiring 80% of NuLeaf Naturals, a Colorado CBD company.
Shares of High Tide trade as HITI on the Nasdaq and TSX Venture Exchange.
