High Tide adopts shareholder rights plans
- High Tide (NASDAQ:HITI) approved both a Temporary Shareholder Rights Plan and a permanent Amended and Restated Rights Plan.
- The measures are designed to protect cannabis licences and ensure fair treatment in unsolicited takeover situations.
- The plans remain subject to TSXV and shareholder approvals.
High Tide (NASDAQ:HITI) said it has approved a Temporary Shareholder Rights Plan alongside an Amended and Restated Shareholder Rights Plan, both dated June 26, 2026.
The company said the measures are intended to maintain compliance with cannabis regulations, protect its cannabis licences, and ensure shareholders are treated fairly in the event of an unsolicited takeover bid.
The rights plans are still subject to approval by the TSX Venture Exchange and shareholders before becoming fully effective.
High Tide operates a cannabis retail and branded products business across Canada and other markets where cannabis sales are regulated.
The company said the structure is designed to provide stability in ownership control while operating within strict regulatory frameworks.
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