(Reuters) - The publisher of marijuana enthusiast magazine, "High Times," plans to take the company public, High Times Holding Corp announced Thursday, as an increasing number of U.S. states legalize the drug.

Oreva Capital, which in June announced it had bought a controlling stake in High Times for $70 million, is selling the company to special purpose acquisition company (SPAC), Origo Acquisition Corp (OACQ.O), for $250 million.

"High Times is one of few household names in the cannabis industry," said High Times Chief Executive Adam Levin, who will continue to run the company post-merger.

Click here to read the complete article

Jessica Toonkel ~ Reuters

Recent News Articles

Tuesday March 26

Hemp About To Be Removed From Texas’ Controlled Substances List - Cannabis News

in Law & Crime

by Bruce Kennedy - Editor in Chief

The state of Texas is taking a big step toward legitimizing the use of CBD…

837 hits

Tuesday March 26

Flood of products containing cannabis extract puts FDA in a bind - Cannabis News

in CBD & Hemp

by Bruce Kennedy - Editor in Chief

What might have been an FDA attempt to hit the pause button while it sorts…

1021 hits

Tuesday March 26

Mexican Government Launches Poll To Ask Citizens If Marijuana Should Be Legal - Cannabis News

in World News

by Bruce Kennedy - Editor in Chief

A Mexican cabinet official is asking the country’s citizens whether they support legalizing marijuana—in a…

1131 hits

Tuesday March 26

A Beginners Guide To Reading Marijuana Labels - Cannabis News

in Cannabis News

by Bruce Kennedy - Editor in Chief

The plant has never been more accessible so read up.

1504 hits

Wednesday March 27

Can medicinal cannabis treat the tics in Tourette syndrome? - Cannabis News

in Medical News

by Bruce Kennedy - Editor in Chief

A pioneering clinical trial investigating medicinal cannabis as a potential treatment for people living with…

709 hits