High Times

Hightimes Holding Corp. has purchased a cannabis social consumption lounge in California for $6 million in a mostly stock deal although the current stock value for the media company is essentially zero.

The SEC has ordered a halt to the High Times IPO after the company missed its annual report deadline in June; recent marketing material, however, suggests that fundraising efforts are still underway.

Hightimes Holding Corp. announced this week it would acquire California cannabis delivery company Mountain High Recreation in the company’s latest move in its transition to a retail business model.

Hightimes Holding Corp. announced a partnership with Red, White & Bloom to create High Times-branded dispensaries and develop cannabis products in Michigan, Illinois, and Florida.

A recent SEC filing shows that Hightimes Holding Corporation has extended its Regulation A fundraising after a unanimous board decision for an 11-for-1 stock split beginning June 1.

Stormy Simon is out as Hightimes CEO; the company has instead tapped Peter Horvath, a former executive for both American Eagle Outfitters and Victoria’s Secret, for the position.

The High Times brand is continuing its push into cannabis retail, announcing last week that the company would buy 13 planned and operational California cannabis dispensaries.

High Times has suspended the publication of DOPE and Culture magazines during the coronavirus outbreak; all employees have been temporarily furloughed.

High Times Holding Corp. has announced a deal to acquire California’s Humboldt Heritage Inc. and its subsidiaries Humboldt Sun Growers Guild and Grateful Eight LLC.

Hightimes Holding Corp. announced this week it has received a trading symbol from the Financial Industry Regulatory Authority, paving the brand’s way toward a public listing.

Spannabis — the premier cannabis trade show in Barcelona, Spain — has disputed an announcement last week by High Times that said the organizations would partner to present the first-ever High Times Cannabis Cup in Spain.

High Times has signed a deal to purchase dispensary licenses in Los Angeles and Las Vegas; the company plans to open two flagship stores that will sell local Cannabis Cup award-winning strains.

High Times Holdings has shifted leadership with the new year, replacing President Kraig Fox with Stormy Simon, former president of Overstock.com and one of the company’s independent directors.

Hightimes Holding Corp. disclosed doubts about the High Times magazine’s ability to continue operations due to “recurring operating losses, net operating cash flow deficits, and an accumulated deficit.”

High Times CEO Kraig Fox confirmed the restructuring in an email to Ganjapreneur. Going forward, DOPE’s content will be produced at the High Times Los Angeles headquarters.