Is high times going public?
One of the oldest and biggest names in the cannabis space, High Times, is officially going public on the NASDAQ. There’s big news on High Times’ march toward an initial public stock offering.
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How much is a share of High Times?
Anyone can purchase shares of High Times today for as little as $550 using only your credit/debit card, ACH, bank wire or your IRA Account. Own your own share ahead of our anticipated public listing.
Will High Times ever go public?
High Times is celebrating the four-year anniversary of its IPO filing by once again extending the offering. This time it's being extended to June 30, 2022. Not that anyone can buy any stock.
Does High Times have a stock symbol?
HTHC:USOTC US. Hightimes Holding Corp.
Is High Times magazine still published?
The magazine is still published monthly and High Times also runs a popular website, where they host podcasts, videos, and articles. High Times also sponsors the Cannabis Cup. Held annually in Amsterdam since 1988, the Cannabis Cup is world's largest marijuana event.
Who owns High Times magazine?
Oreva CapitalLater in 2017, High Times was acquired by a group of investors led by Oreva Capital. High Times acquired cannabis media company Green Rush Daily Inc. on April 5, 2018.
How many subscribers does High Times magazine have?
236,000High Times was founded in 1974 and has a strong circulation of 236,000 monthly subscribers, although that is fairly small compared to most print magazines and far lower than the company's one-time high of half a million subscribers. For example, niche magazine Food & Wine has 960,000 subscribers.
Can I buy High Times stock?
High Times isn't publicly listed anywhere. You can buy shares in the company directly from a High Times website using a credit card, but there's not much you can do with those shares if you buy them.
What is Otcqx best market?
The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX Best Market, based on an equal weighting of one-year total return and average daily dollar volume growth. Companies in the 2022 OTCQX Best 50 were ranked based on their performance during the 2021 calendar year.
How did 420 come about?
The origins of the term "420" date back to the 1970s. A group of five high school teenagers in California used to meet at 4:20 p.m. each week in search of a cannabis plant that was supposedly left behind in a forest by a U.S. Coast Guard member who could no longer tend to the crop.
What year did High Times magazine start?
1974High Times / First issue dateHigh Times was founded in 1974 by Tom Forçade, a crusading journalist who was among the first to use pie tossing as a form of protest. (At a 1970 hearing, he memorably plastered a cottage-cheese pie upon of a member of the Commission on Obscenity and Pornography.)
Who founded Time magazine?
Time magazine first appeared on March 3, 1923, and sold 9,000 copies. Its founders, Briton Hadden and Henry R. Luce, sought readers among the 1,000,000 college-educated citizens in the United States at the time.
What is high times stock?
High Times is an online magazine that delivers news and updates about cannabis, from cultivation and legalization, to entertainment and culture. Being a source of cannabis information since 1974, High Times featured original works from Hunter S.Thompson, Truman Capote, Charles Bukowski, and William Burroughs.
What is equity zen?
EquityZen is a marketplace for shares of proven pre IPO tech companies. Request Access.
The Hightimes Holding Corp. IPO
You may have heard the term “fiduciary duty” which means that when you entrust someone with your hard-earned money, they have a legal obligation to act in your best interests. The first thing you’ll notice on the “High Times Investor” page the ad leads to is the prominent “Visa accepted here” logo.
Conclusion
It seems ludicrous that the SEC lets companies raise up to $50 million using a Reg A+ offering which lets anyone around the globe purchase shares on a credit card for which there is no market to trade them on. We’ve talked before about Why Regulation A+ IPOs Should Be Avoided, and the Hightimes Holding Corp. IPO is no exception.
How much did High Times raise from its IPO?
In early December, High Times said it had raised $13.2 million from its IPO. Assuming investors continued to purchase shares at around the same rate since then, the company has probably raised at least $15 million. In addition to cash from the sale of shares, High Times recently converted $28.6 million of debt to equity.
Is High Times a regulation A+?
The High Times brand is also stronger than any other in the industry, so more attendees may take interest in the events with the new affiliation. Formally known as Hightimes Holding Corp., the company is raising up to $50 million in a Regulation A+ IPO open to all investors.
What is an IPO stock?
The definition of an IPO stock is simple: An IPO stock is one that either recently became available in the public market or is about to become available. Any stock that is near its IPO date, or generally up to one year after it goes public, may be called an IPO stock. YouTube. The Motley Fool. 407K subscribers.
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DoorDash (NYSE: DASH), the leading food delivery app, now claims a 55% market share in the U.S. It separated itself from the pack during the pandemic by focusing on increasing restaurant delivery orders instead of cutting costs for the restaurants. Like Airbnb, DoorDash also completed its IPO in December 2020, and its stock price also soared -- by 86%, for a market cap of $72 billion.
When will crypto go mainstream?
The crypto boom officially went mainstream in April 2021 with the successful debut of Coinbase (NASDAQ: COIN), the largest cryptocurrency exchange in the U.S. and the first major crypto business to list on the public markets.
When will Rivian go public?
According to Bloomberg, the company is aiming to go public as soon as September 2021 after raising $2.65 billion in January at a valuation of $27.6 billion.
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A public stock offering has been on the horizon since CEO Apoorva Mehta declared the company’s intention to go public in September 2019.
Is Robinhood going public?
The mobile-first brokerage announced in March 2021 that it had confidentially filed to go public, although its IPO timeline is still unclear. Robinhood has disrupted the online stock brokerage industry and experienced a surge in interest during the pandemic, adding 3 million new customers in January 2021 alone.
When will High Times magazine go public?
The parent of High Times magazine has formally extended its offer to the general public to June 30, but the shares are likely to list in the next few weeks, a person familiar with the matter told IPO Edge.
Who invested in Cronos Group?
Big Tobacco leader Altria recently announced a $1.8 billion investment in Cronos Group in December. Also, beer company Constellation Brands recently increased its stake in Canopy Growth with a $3.8 billion investment in the Canadian cannabis grower, a deal that surprised investors.
What magazine does High Times own?
In 2018, High Times acquired DOPE magazine, CULTURE magazine and the website Green Rush Daily, with the aim of cementing its place as the largest name in cannabis and the ultimate media destination for cannabis consumers of all stripes, from the canna-curious to marijuana for-lifers.
Where are the High Times stores located?
This year, High Times plans to expand into retail experiences with its first two brick-and-mortar dispensary locations in Los Angeles, California and Las Vegas, Nevada.
What is high times cannabis?
High Times, the world’s best-known cannabis brand, has always been about connecting people to the plant. That more than 45-year commitment to the cannabis community is what fueled the company’s efforts to expand through its recent Regulation A+ fundraising campaign. And the cannabis community responded—in a big way.
