Wednesday, July 25, 2018 3:58:41 PM
The new ownership also has expanded online reach, with monthly digital impressions topping 275 million per month, an increase of 425%.
The company has invested significantly in both acquired and internally developed intellectual property, including High Times Records. It also has established a number of strategic partnerships and acquisitions to further cement the brand’s place as the leader in cannabis media.
High Times does not distribute cannabis or cannabis-infused products. Its business is focused on media, events and lifestyle experiences tied to legal cannabis culture.
High Times plans to leverage capital from the public offering to further expand publishing, events, and licensing, invest in video and audio content, and add more products.
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This is an exciting day for us,” said High Times CEO Adam Levin. ”We want to give the High Times faithful as well as the broader cannabis industry a chance to share in this incredible moment where High Times transforms into a multi-platform, multi-dimensional public enterprise.”
https://globenewswire.com/news-release/2018/06/19/1526448/0/en/HIGH-TIMES-LAUNCHES-INITIAL-PUBLIC-OFFERING-GIVES-FANS-THE-OPPORTUNITY-TO-INVEST-BEFORE-THE-COMPANY-S-PLANNED-NASDAQ-LISTING.html
HITM
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