'High Times' ready to roll with public offering - Cannabis News
(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.
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Jessica Toonkel ~ Reuters ~