Marketing

Cannabis retailer attains $19M credit for growth

Image courtesy of High Tide Inc.

August 23, 2022

High Tide Inc., a retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets that include retail kiosks and smart locker technology, has entered into a binding commitment with Connect First Credit Union Ltd. for a $19 million credit facility with an initial five-year term, according to a press release.

The company expects to use the proceeds to fund continued growth, general working capital requirements and potential future merger and acquisition activities.