#Canada #Cannabis Retail #High Tide #Canna Cabana #Calgary

High Tide Inc. Secures $40 Million in Senior Secured Credit Facilities

High Tide Inc. has made a significant move by successfully closing a $40 million senior secured credit package with the Bank of Montreal (BMO). This strategic financial maneuver, announced on August 5, 2026, aims to bolster the company's operations and further expand its footprint in the competitive cannabis market.

Key Highlights of the Financing Deal

High Tide's new credit facilities are designed to enhance financial flexibility while reducing the cost of capital for the company. The package is broken down into two main components:

• - A C$25 million committed revolving credit facility with a three-year maturity. A portion of this facility is allocated to repaying the company's existing debt with ConnectFirst Credit Union amounting to C$6 million. The residual funds will be utilized for general working capital, corporate purposes, and permitted acquisitions.
• - A C$15 million committed delayed-draw term loan intended to refinance the existing second-lien debentures of the company.

Overall, these new credit facilities are secured by a significant portion of the company's assets and certain subsidiaries, further fortifying High Tide's financial position.

High Tide's Growth Trajectory

High Tide Inc. is not just any player in the cannabis sector; it's recognized as a leading community-grown and retail-driven enterprise focused on unlocking the comprehensive value of cannabis. The company's flagship brand, Canna Cabana, currently stands as the second-largest cannabis retail brand globally, boasting an impressive presence with 229 locations in Canada and one international outlet.

The entity has captured a growing market share, currently holding approximately 12% of the Canadian cannabis market. Notably, in 2021, Canna Cabana pioneered as the world's first cannabis discount club retailer, setting a new standard in the industry.

In addition to its retail operations, High Tide has effectively established multiple e-commerce platforms that offer cannabis accessories and hemp-derived CBD products. The company also marked a milestone in 2025 by becoming the first North American cannabis operator to set up a physical retail presence in Germany, thereby expanding its operations across international borders.

Acknowledging Company Successes

High Tide's commitment and innovative approach have not gone unnoticed. The company was recently honored as one of Canada's Top Growing Companies in the Globe and Mail's Report on Business in 2025, marking the fifth consecutive year of recognition. Furthermore, it was ranked among the top 50 companies by the TSX Venture Exchange in 2022, 2024, and 2025, affirming its robust business trajectory and market positioning. In 2023, High Tide achieved a leading position in the retail category of the Financial Times list of Americas' Fastest Growing Companies.

As High Tide continues to navigate the ever-evolving landscape of the cannabis industry, the recent financial leverage from the new credit facilities will significantly aid in fueling future growth initiatives. The company is well-positioned to further enhance its market presence while expanding its offerings, ultimately striving to deliver real value across all components of the cannabis market.

For more details about High Tide and its future plans, please visit High Tide's Official Website.