HITI - Cannabis Retail Giant Raises CA$30M In New Financing Program What's Next? | Benzinga
High Tide Inc. (NASDAQ: HITI) (TSXV: HITI) (FSE: 2LYA) has secured CA$ 30 million in financing via an at-the-market equity offering program.
What Happened
The Calgary, Alberta-based company established an ATM program allowing it to occasionally issue up to CA$30 million of common shares from treasury to the public at its discretion and subject to regulatory requirements.
Any common shares sold through the ATM Program will be sold at prevailing market prices when issued:
- In ordinary brokers' transactions on the Nasdaq Capital Market or another U.S. marketplace on which the common shares are listed.
- In ordinary brokers' transactions on the TSX Venture Exchange or another Canadian marketplace on which the common ...