The TSX-Venture-listed company confirmed the measure on Monday, positioning it as a stopgap until a permanent version of the policy can be presented to investors. By mandating that acquiring parties hold valid retail licenses in both Ontario and British Columbia, the firm seeks to prevent compliance lapses that could jeopardize its operational permits.

Beyond regulatory alignment, the board intends for the plan to provide a framework for equitable shareholder treatment should an acquisition attempt arise. High Tide plans to distribute a detailed summary of these terms in mid-August. Shareholders are expected to vote on a restated, three-year version of the plan shortly thereafter, which would formalize the current protective measures.