Amount Raised
C$5 Million
Round Type
Seed
LondonFinancial ServicesFintechLendingDescription
High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, is pleased to announce that it has closed a short-term debt financing from an arm's length credit provider (the "Lender") for CAD$5 million (the "Loan"). The Company has chosen to proceed with a small debt facility at this time as the Company's proposed non-dilutive credit facilities with ConnectFirst Credit Union for CAD$30 million (as previously announced on April 18, 2022) has been delayed until July 2022. The Company issued the Lender a non-convertible subordinated secured debenture of the Company (the "Debenture").1 The Debenture matures on June 21, 2023 and bears interest at a fixed rate of 10% per annum, payable quarterly
Who else raised in Financial Services and Fintech around the same time
Companies in the same sectors as Tide that raised within 45 days of this round, from Fundz verified event records.
- ZSuite Technologies, Inc. raised $11M (Series A) on August 5, 2022.
- ZSuite Technologies, Inc. raised $11M (Series A) on August 4, 2022.
- Jify raised $10M (Funding Round) on August 3, 2022.
- Tartan raised $4.5M (Seed) on August 1, 2022.
- Ensysce Biosciences raised $30M (Funding Round) on August 1, 2022.
- Digni Fi raised an undisclosed amount (Funding Round) on July 29, 2022.
Who to call at Tide, and when
A new round usually means Tide is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Tide raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Tide, from your own LinkedIn network
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Fundz sees it the moment Tide raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Tide raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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