(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 August 20

Wasn’t the DEA Going to Let Others Grow Research-Grade Cannabis?

in Science

by Bruce Kennedy - Editor in Chief

Arizona-based researcher Dr. Sue Sisley is spearheading an extraordinary lawsuit against the U.S. Drug Enforcement…

173 hits

Tuesday August 20

California’s legal marijuana will outsell the black market in 5 years, forecast says

in U.S. News

by Bruce Kennedy - Editor in Chief

California’s black market for marijuana still rakes in more cash than the state’s legal cannabis…

178 hits

Tuesday August 20

Study on cannabis chemical as a treatment for pancreatic cancer may have 'major impact,' Harvard…

in Medical News

by Bruce Kennedy - Editor in Chief

Pancreatic cancer makes up just 3 percent of all cancers in America. But with a…

370 hits

Wednesday August 21

Former MLB All-Star Shane Victorino Talks Plans To Give Back To Hawaii Through New Cannabis…

in Sports

by Bruce Kennedy - Editor in Chief

Scores of athletes have entered the cannabis space in recent years. A few notable names…

172 hits

Thursday August 22

Colorado Researchers Study Cannabis and Athletes

in Sports

by Mike Fuller

A group of Colorado researchers recently studied how cannabis use affects athletes, and found a…

172 hits