High Tide Announces At-The-Market Equity Offering Program Of Up To C$30M For Strategic Initiatives To Replace Previous Program
Portfolio Pulse from Benzinga Newsdesk
High Tide Inc. has announced an at-the-market equity offering program of up to C$30 million. The program is intended to fund strategic initiatives and will replace the previous program.
September 01, 2023 | 10:05 am
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NEGATIVE IMPACT
High Tide's new equity offering program could potentially dilute existing shares, which may negatively impact the stock price in the short term.
High Tide's announcement of a new equity offering program could lead to an increase in the number of shares available in the market. This could dilute the value of existing shares, potentially leading to a decrease in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100