High Tide, a retail-forward enterprise built to deliver real-world value across every component of cannabis, closed its previously announced senior secured credit facilities with Bank of Montreal (BMO) in the aggregate principal amount of C$40 million.
The closing follows the company’s June 15, 2026, announcement that it had secured credit approval from BMO. In connection with the closing, High Tide has repaid and terminated its existing senior credit facility with ConnectFirst Credit Union.
The new credit facilities consist of:
- A C$25 million committed revolving credit facility with a three-year maturity. A portion of this facility was used to repay the company’s outstanding loan with ConnectFirst Credit Union, of C$6 million. The remaining capacity is available for general working capital and corporate purposes, permitted acquisitions and permitted investments.
- A C$15 million committed delayed-draw term loan intended to refinance the company’s existing C$15 million second-lien debentures.
The new credit facilities are secured by substantially all of the assets of the company and certain of its subsidiaries and are subject to customary financial and other covenants.
