The new financing package is split into two primary components: a C$25 million committed revolving credit facility maturing in three years and a C$15 million delayed-draw term loan. The latter is earmarked specifically for refinancing existing second-lien debentures. A portion of the revolving facility was deployed immediately to clear the company’s C$6 million outstanding balance with ConnectFirst Credit Union.

Secured by substantially all of the company’s assets, the new debt structure grants the Calgary-based enterprise increased financial flexibility. High Tide, which operates the Canna Cabana retail chain and holds a significant presence in the German medical cannabis market through Remexian Pharma GmbH, intends to use the remaining capacity for working capital, corporate purposes, and future acquisitions.