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$HITI.V

14 stories mentioning HITI.V

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Mining & Metals

High Tide to Buy Northern Helm; Secures Credit Approval for C$40 Million of Senior Secured Credit Facilities

High Tide (HITI.V, HITI) agreed to buy 100% of the equity interest of J. Supply Holdings Inc., operating as Northern Helm, resulting in the company's acquisition of four of the six retail cannabis stores currently operated by Northern Helm in Ontario for $7.74 million, it said on Monday.These acquisitions will bring High Tide's total store count to 228 Canna Cabana locations across Canada and 103 in the province of Ontario, it said. The consideration for the 100% of equity interests acquired will be about $3.2 million in assumed debt with a 2% interest rate, with 40% of the remaining amount paid in cash, and the remaining 60% paid in common shares of High Tide on closing on the basis, subject to some terms.In another press release, the company also said it secured credit approval for a loan agreement with Bank of Montreal (BMO.TO, BMO) in respect of new senior secured credit facilities in the principal amount of C$40 million. Closing of the new credit facilities remains subject to some conditions.The new credit facilities will replace its existing senior credit facility, upon closing.U.S.-listed shares of High Tide were last seen up 0.4% at US$2.32 in pre-market trading.

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Mining & Metals

High Tide Moves To Buy Northern Helm, Adding Four Established Retail Cannabis Stores in Ontario

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Mining & Metals

High Tide to Open Two New Canna Cabana Locations in Welland and Calgary

High Tide (HITI.V) opened a new Canna Cabana branded location in Welland, Ontario, and expects to soon open an additional location in Calgary, Alberta, the company said on Wednesday.These openings bring the company's total store count to 224 Canna Cabana locations across Canada, 99 in the province of Ontario and 92 in the province of Alberta, it said.The company's new Canna Cabana located Welland will begin selling recreational cannabis products and consumption accessories for adult use on June 10.Its new Canna Cabana lin Calgary is expected to begin selling recreational cannabis products and accessories for adult use on June 26, pending regulatory approval."Our growth story continues to be driven by a simple formula: securing strategic real estate in high-potential markets and connecting more consumers to the value offered through our Cabana Club and ELITE programs. The addition of these locations further strengthens our network effect and expands our ability to acquire and retain loyal members across Canada," said chief executive Raj Grover.The company's shares were last seen down $0.02 to $3.25 on the TSX Venture Exchange.Price: $3.24, Change: $-0.03, Percent Change: -0.92%

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Mining & Metals

High Tide to Open New Canna Cabana in Toronto, Ontario

High Tide's (HITI.V) Canna Cabana retail cannabis store located at 150 Silver Reign Drive in Toronto, Ontario, is expected to begin selling recreational cannabis products and consumption accessories for adult use on May 17, 2026, the company said on Friday.This opening brings the company's total store count to 222 Canna Cabana locations across Canada and 98 in the province of Ontario, added the company."This new Rexdale location further strengthens our presence in the Greater Toronto Area and expands Canna Cabana into a high-density retail corridor with attractive long-term demand characteristics," said Raj Grover, founder and chief executive officer of High Tide. "We believe our differentiated discount-club model continues to resonate with consumers seeking value, convenience, and a broader loyalty-driven retail experience."The company's shares were last seen up $0.01 at $3.28 on the TSX Venture Exchange.Price: $3.28, Change: $+0.01, Percent Change: +0.31%

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Mining & Metals

High Tide to Open New Canna Cabana in Toronto, Ontario; Brings Total Store Count to 222 Locations Across Canada and 98 In Ontario

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Mining & Metals

High Tide Announces Purchases of Shares by Insiders

High Tide (HITI.V) said on Monday that certain officers, directors, and consultants, led by the company's president and chief executive officer, acquired 90,882 common shares in the capital of High Tide on the open market between May 6, 2026, and May 8, 2026, at an average price of $3.39 per common share.With these purchases, insiders and certain consultants, in the aggregate, now own or control around 7.72 million common shares, representing approximately 8.8% of the company's issued and outstanding common shares as of today, it said on Monday."We believe the operational momentum across our retail platform, international business, and balance sheet continues to strengthen, and these insider purchases reflect our confidence in the long-term value we are building," said Raj Grover, Founder and Chief Executive Officer of High Tide.

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Mining & Metals

High Tide Announces Purchases of Shares by Insiders

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Mining & Metals

High Tide Reports Q2 Preliminary Tonnage Data From its 51%-owned German Subsidiary, Remexian Pharma GmbH

High Tide (HITI.V, HITI) reported preliminary tonnage data from its 51%-owned German subsidiary, Remexian Pharma GmbH, for the second fiscal quarter ended April 30, 2026, on Wednesday.Remexian sold 7.6 tonnes of medical cannabis into the German market during the quarter, representing the "highest quarterly distribution volume in its history," stated the company.Volumes increased 21% on a sequential basis and 49% year over year, it added."Distributing 7.6 tonnes in a single quarter is not just a record for Remexian - it is clear evidence that our model is scaling in the largest medical cannabis market in Europe," said Raj Grover, Founder and Chief Executive Officer of High Tide."This level of sequential and year-over-year growth reinforces our conviction that Germany is only the beginning. We are building a repeatable, capital-efficient distribution engine that can be expanded across Europe, subject to regulatory conditions. We fully intend to leverage this momentum to continue taking share in Germany while methodically entering additional high-growth markets," added Grover.

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Mining & Metals

High Tide Reporting Record Quarterly Distribution Of 7.6 Tonnes Of Medical Cannabis Through Remexian Pharma GmbH

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Mining & Metals

High Tide Executes Term Sheet for $40 Million of Credit Facilities

High Tide (HITI.V, HITI) signed a term sheet with one of "Canada's Big 5 chartered banks" as its lender in respect of new senior secured credit facilities in the principal amount of $40 million, it said Tuesday.The new credit facilities will replace its existing senior credit facility with connectFirst Credit Union upon closing. The name of the lender will be disclosed at closing, expected within 60 days subject to satisfaction of customary conditions precedent, it said.The first committed facility is a $25 million committed revolver facility, to be used to refinance its loan with connectFirst at closing, general working capital or corporate needs, permitted acquisitions and permitted investments, and has a three-year maturity. The balance at connectFirst is expected to be a little over $6 million at closing, resulting in almost $19 million of available room on the revolver facility, the company said.The second committed facility is a $15 million committed delayed draw term loan to be used to refinance its existing $15 million second-lien debentures. High Tide can elect to draw on this facility at its option, and it will be repaid over a seven-year amortization period.U.S.-listed shares of the company were last seen down 0.8% at US$2.3997 in pre-market trading.

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Mining & Metals

High Tide Executing a Term Sheet for $40M of Credit Facilities with a Big 5 Canadian Chartered Bank As its New Senior Lender

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Mining & Metals

High Tide Up 1.9% In US Premarket As Moves to Investigate Potential Manipulation of Its Shares

High Tide (HITI.V) will retain forensic investigators and share trading surveillance specialists to review trading activity in its shares, the company said on Thursday.The specialists will focus on activity surrounding High Tide's earnings releases and other disclosure events, it added.Over more than the last 10 consecutive quarters, despite reporting "exceptional" financial results almost always ahead of analysts forecasts, High Tide's closing share price on the following regular trading day has been lower than the previous day's closing price, a statement said.The company intends to take "decisive and proactive steps" to fully investigate this matter, and will report its findings to Canadian and U.S. regulators.High Tide shares were last seen up US$0.05, to US$2.63, in New York trading. They gained more than 8% in both the US and Canada yesterday.

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Mining & Metals

High Tide Announcing "Proactive Steps to Investigate and Address Potential Manipulation of Its Common Shares"

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Mining & Metals

High Tide Opening New Canna Cabana in Caledonia, Ontario

Cannabis retailer High Tide (HITI.V, Nasdaq: HITI) said Monday that it is opening a new retail cannabis store in Caledonia, Ontario.The company will begin selling recreational cannabis products along with related accessories for adult use on April 20. This opening brings High Tide's total store count to 221 Canna Cabana locations across the country, and 97 in Ontario."Opening on 4/20 is always symbolic, but this year is especially meaningful as we approach eight years since launching our very first Canna Cabana store in October 2018," said Raj Grover, founder and chief executive officer.High Tide shares closed down $0.04, to $3.28, on Friday, on the TSX Venture Exchange.

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