High Tide Closes Final Tranche Of $15M Debt, Plans Retail Growth
High Tide Closes Final Tranche Of $15M Debt, Plans Retail Growth
High Tide plans to use the proceeds to repay debt maturing in December 2024 and support business development, expansion, and product innovation.High Tide Inc. (NASDAQ:HITI), a leading cannabis retail enterprise, announced today the closing of the final tranche of its $15 million subordinated debt facility. This funding marks the completion of the company's previously disclosed plan to issue secured debentures, providing crucial financial support as it continues to expand its cannabis retail and e-commerce operations.
高潮公司（納斯達克:HITI），一家領先的大麻股零售企業，今天宣佈關閉其1500萬的次級債務融資的最後一部分。這筆資金標誌着該公司之前披露的發行擔保債券計劃的完成，爲公司繼續擴展其大麻股零售和電子商務業務提供了關鍵的財務支持。
Details Of The Debt Facility
債務融資詳情
The debt facility, structured through subscription agreements with institutional lenders, consisted of two tranches. The first tranche of $10 million was secured on July 31, 2024, while the second and final tranche of $5 million has now been issued. The debentures are priced at $900 each, bear a fixed annual interest rate of 12%, and mature on July 31, 2029. High Tide has retained the option to redeem the debentures early, subject to a 60-day notice period and applicable penalties.
該債務融資通過與機構貸款方的認購協議結構，分爲兩個部分。第一部分1000萬於2024年7月31日獲得擔保，而第二部分和最後一部分500萬現已發行。債券的定價爲每個900美元，固定年利率爲12%，並於2029年7月31日到期。高潮公司保留提前贖回債券的選擇，但需提前60天通知，並可能面臨相關罰款。
The debentures are governed by a trust indenture agreement with Olympia Trust Company, serving as trustee and collateral agent. They are secured by High Tide and its subsidiaries' guarantees, ranking second to the senior lender. Ventum Capital Markets acted as the financial advisor for the arrangement of the facility.
債券受奧林匹亞信託公司的信託契約的管轄，後者擔任受託人和擔保代理。債券由高潮公司及其子公司的擔保提供擔保，優先級位於高級貸款方之下。Ventum資本市場作爲該融資安排的財務顧問。
High Tide plans to use the proceeds to repay debt maturing in December 2024 and support business development, expansion, and product innovation.
高潮公司計劃利用所得款項償還到期於2024年12月的債務，並支持業務發展、擴展和產品創新。
Strengthening High Tide's Growth Path
加強高潮公司的增長路徑
High Tide has carved out a unique position in the cannabis market with a focus on retail innovation and consumer services. It operates Canada's largest cannabis chain, Canna Cabana, and pioneered the world's first cannabis discount club. The company also offers Fastendr, an automated retail solution for a streamlined consumer experience.
高潮公司在大麻股市場中佔據了獨特的位置，專注於零售創新和消費服務。它經營着加拿大最大的 cannabis 鏈 Canna Cabana，並開創了世界上第一個大麻股折扣俱樂部。該公司還提供 Fastendr，這是一種自動化零售解決方案，以簡化消費體驗。
With new financing, High Tide is poised to expand its retail and e-commerce platforms, capturing market share in the growing cannabis sector. Its diversified model, including physical stores, e-commerce, and a growing CBD portfolio, meets the changing needs of cannabis consumers worldwide.
憑藉新的融資，高潮公司準備擴展其零售和電子商務平台，捕捉在不斷增長的大麻股板塊中的市場份額。其多元化模型，包括實體店、電子商務和不斷增長的 CBD 投資組合，滿足了全球大麻股消費的變化需求。
The additional liquidity strengthens High Tide's growth, enabling it to seize opportunities and navigate market changes for long-term success.
額外的流動性增強了High Tide的增長，使其能夠把握機會，應對市場變化，實現長期成功。
Cover imaga made with AI
封面圖像由人工智能製作
譯文內容由第三人軟體翻譯。
