Bank of Montreal enters into a senior credit facility with High Tide Inc.

On August 4, 2026, Bank of Montreal (“BMO”), as agent and lender, entered into a senior credit facility with High Tide Inc. (“High Tide”), as borrower (the “Credit Agreement”). The Credit Agreement provides High Tide with access to C$40,000,000 through a combination of a C$25,000,000 revolving credit facility and a C$15,000,000 delayed-draw term loan to refinance existing debentures and support general corporate purposes, permitted acquisitions and permitted investments.

McCarthy Tétrault assisted BMO with a team led by D.J. Lynde and Kean Silverthorn that included Matthew Yensen, Simon Lidster, Jinny Lee (Financial Services), Vincent Yip, Jeff Sun (Intellectual Property), Victor Choi and Luke Madill (Real Property and Planning).