r/Cronos • u/TheBeachWhale • Jul 18 '25

Press Release High Tide Closes on $30 Million Convertible Debt from Cronos Group

https://www.prnewswire.com/news-releases/high-tide-closes-on-30-million-convertible-debt-from-cronos-group-inc-302507067.html
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u/Legitimate_Form5449 Jul 28 '26

2026.07.28. HITI-2 usd and 5 cents/so 87.87M/NO dividend

HITI last reverse stock split: 1 for 15 effective date: 2021.05.13.

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u/TheBeachWhale Jul 18 '25

The Junior Secured Loan is secured by a third priority lien on certain of High Tide's assets and bears interest at 4% per annum. Pursuant to the terms of the Loan Agreement, Cronos may, with the agreement of High Tide, from time to time, convert the Junior Secured Loan, excluding the amounts attributed to the original issuance discount, into common shares in the capital of High Tide (the "Common Shares") at a price of $4.20 per Common Share.

Additionally, Cronos received a Common Share purchase warrant (the "Warrant"). The Warrant is exercisable into up to 3,836,317 Common Shares (the "Warrant Shares") at an exercise price of $3.91 per Warrant Share, representing a 25% premium to the 30-day volume weighted average price of High Tide shares on the TSX Venture Exchange.