UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 2021
Commission File Number: 001-40258
HIGH TIDE INC.
(Registrant)
11127 - 15 Street N.E., Unit 112
Calgary, Alberta
Canada T3K 2M4
(Address of Principal Executive Offices)
Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☐ Form 40-F ☒
Indicate by check mark if the Registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the Registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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HIGH TIDE INC. |
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(Registrant) |
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Date: July 20, 2021 |
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/s/ Raj Grover |
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Raj Grover |
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President and Chief Executive Officer |
EXHIBIT INDEX
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Description of Exhibit |
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FORM 51-102F3
MATERIAL CHANGE REPORT
Item 1: Name and Address of Company
High Tide Inc. (the "Company")
Unit 112, 11127 - 15 Street N.E.
Calgary, Alberta T3K 2M4
Item 2: Date of Material Change
July 13, 2021.
Item 3: News Release
The news release was disseminated via Newswire on July 13, 2021 and was filed on SEDAR at www.sedar.com.
Item 4: Summary of Material Change
On July 13, 2021, the Company entered into a share purchase agreement (the "Agreement") with shareholders of 102105699 Saskatchewan Ltd. ("102 Saskatchewan"), pursuant to which the Company shall acquire all of the issued and outstanding shares of 102 Saskatchewan for C$2,900,000 (the "Acquisition"), of which: (i) C$2,150,000 shall be paid in common shares in the capital of the Company (each a "Common Share") on the basis of a deemed price per Common Share equal to the volume weighted average price per Common Share on the TSX Venture Exchange (the "TSXV") for the ten (10) consecutive trading days preceding the closing of the Acquisition and (ii) the remaining C$750,000 shall be paid in cash on hand.
The Acquisition, which is an arm's length transaction, is subject to, among other things, receipt of required TSXV approval, Saskatchewan Liquor and Gaming Authority approval, and other customary conditions of closing, and is expected to close within thirty (30) days.
Item 5.1: Full Description of Material Change
See Item 4 above.
Item 5.2 Disclosure for Restructuring Transactions
Not applicable.
Item 6: Reliance on subsection 7.1(2) of National Instrument 51-102 (Confidentiality)
Not applicable.
Item 7: Omitted Information
No information has been omitted on the basis that it is confidential information.
Item 8: Executive Officer
For additional information with respect to this material change, the following person may be contacted:
Raj Grover
President, Chief Executive Officer & Director
Tel: (403) 770-9435 Email: raj@hightideinc.com
Item 9: Date of Report
July 19, 2021.