High Tide Inc.(NASDAQ:HITI) (TSXV:HITI) (FSE: 2LYA), announced Thursday that it hasentered into binding subscription agreements with arm's length institutional credit providers for total gross proceeds of CA$15 million ($10.9 million)in a subordinated debt financing.

"I am very excited to announce that we have signed definitive agreements for an aggregate of CA$15 million in debt financing, plus a CA$10 million accordion feature," statedRaj Grover, founder and CEO of High Tide. "We have discussed publicly how we believe we are underleveraged, with our gross debt representing less than one times our 12-month trailing Adjusted EBITDA, and could...