07:25 AM EDT, 07/28/2025 (MT Newswires) -- Cannabis retailer High Tide on Monday said it may offer, issue and sell, for up to $100 million in securities under its newly filed mixed shelf registration.

The offering replaces a final short form base shelf prospectus that expires on Sept. 3.

The offering may include common shares, warrants, units, subscription receipts, debt securities or convertible securities.

The company said it also filed a corresponding shelf registration statement relating to the Securities with the United States of America Securities and Exchange Commission under the U.S. Canada Multijurisdictional Disclosure System.

Proceeds from the sale of the securities may be used for general corporate purposes, capital projects, internal expansion, or for the acquisition of other businesses, assets or securities by the company or one of its units.

High Tide also announced that it officially surpassed 2 million Cabana Club members and that its paid loyalty tier, ELITE, exceeded 104,000 members nationwide.

Shares of the company closed down 2.5% to $3.14 on Friday on the TSX Venture Exchange.