Stocks trading at all time highs: a = hhv (close, 1000000); In the above function, the highest value is calculated based on the stock price time-series ("close" variable).
Full Answer
What will happen to High Times’ stock if it sells?
All told, if High Times Holding Corp. sells all of its 4.55 million shares of Class A common stock at $11 per share as proposed, the company’s share of the proceeds will be $43 million. About $14 million of that would go toward various debt payback requirements.
How much does it cost to invest in High Times?
Through the stock offering, you can become an investor in High Times for just $550 using your credit/debit card, ACH/Wire through your bank account or your IRA account. Invest before our public listing on the OTCQX.
Will high Times list its Class A common stock on NASDAQ?
In order to meet the minimum initial listing requirements to trade its Class A Common Stock on Nasdaq, High Times would need to receive a minimum of $14. 7 million in net proceeds from the Reg A+ offering, according to the prospectus. The Reg-A+ offering comes as High Times continues to explore a 2017 merger plan with Origo Acquisition Corp.
How much does High Times need to raise to list on NASDAQ?
In order to meet the minimum initial listing requirements to trade its Class A Common Stock on Nasdaq, High Times would need to receive a minimum of $14.7 million in net proceeds from the Reg A+ offering, according to the prospectus.
Can I sell High Times stock?
Can I sell my shares in the future? Yes, you can sell your shares to private parties. We've also applied to have our shares listed on an exchange. If we are successful in obtaining an exchange listing, you would then be able to trade your stock freely.
Does High Times have a stock symbol?
HTHC:USOTC US. Hightimes Holding Corp.
How do I buy stocks in High Times?
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. Unless and until High Times actually IPOs, there's no liquid market.
How much are High Times shares worth?
We are offering our Offered Shares in this Offering at an $11.00 per Share Offering Price, based on a valuation of our Company and its subsidiaries prior to this Offering of $225,000,000.
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.
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.
Is High Times ever going to go public?
The year 2021 saw the globe hoping COVID was in the rearview mirror and High Times investors surpassed 30,000. A large number were waiting to cash in on the unknown public value of the company. In February, CEO Hovath shared with Cheddar, “Well, we're definitely going public this year”.
What is going on with High Times IPO?
The parent of High Times magazine and organizer of legendary Cannabis Cup events is offering up to $50 million in a Regulation A+ IPO. The obvious appeal of any cannabis-related company is the recent rapid legalization of marijuana – already in 29 states and soon all of Canada for recreational use.
How Long Has High Times magazine been around?
High Times is an American monthly magazine and cannabis brand with offices in Los Angeles and New York City. Founded in 1974 by Tom Forçade, the magazine advocates the legalization of cannabis as well as other counterculture ideas.
Is it good to buy stock when its high?
Several studies have shown that it's not so bad to invest at the high point each year (as if you could be so unlucky to invest at the market high every year). Sure, you might earn a little less, but you'll probably do better than the market timers.
How do you buy stock on TD Ameritrade?
To access the order screen, log in to your TD Ameritrade account at tdameritrade.com, and hover over the Trade tab and select Stocks & ETFs. This will take you to the Buy & Sell page. Then, use the Action menu and select Buy. Enter the quantity of shares as well as the symbol.
What happens when stock hits all time high?
A record high is the highest historical price level reached by a security, commodity, or index during trading. All-time record highs typically represent significant price news for companies and markets—investors may be enticed to purchase stock, believing the company will continue to perform well.
Do I have to buy 100 shares on TD Ameritrade?
While there is no minimum order limit on the purchase of a publicly-traded company's stock, many brokers in the past advised buying blocks of stock with a minimum value of $500 to $1,000.
How does an all time high security work?
A security at an all-time high can exceed logical price targets after it finally escapes gravity at the prior breakout level. Apply special management rules to these uptrends, getting out of the way as price lifts into uncharted territory while ensuring that hidden traps are avoided and the core profit is protected.
Why is it important to have a security at an all time high?
This makes sense because a security at an all-time high should generate widespread interest that translates into enthusiastic buying pressure. When it doesn't, the trend needs to pause and find missing sponsorship or gravity can take control, unraveling the breakout.
What does a bullish price structure show?
A more bullish price structure will show a basing pattern below the breakout level but not too deep in the prior trading range. Look for these price bars to carve out rounded or square bottoms that show several failed attempts to a break support and send the security lower. This sturdy price action builds strong support that's unlikely to break during the inevitable reaction phase.
Does Investopedia include all offers?
This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace.
Should sidelined participants avoid new long exposure during this testing phase?
Sidelined participants should avoid new long exposure during this testing phase, except at the range extremes where the risk/reward equation will work in their favor. These opportunities typically present themselves in the form of pullbacks to new support. Those already positioned have little choice but to set stops and let the market decide their fate.
Can you add exposure to a position?
As a general rule, only add to the position when it falls into an advantageous risk/reward location, like a sell-off into a weekly or monthly moving average, or when it clears a fresh barrier like a rising highs trendline or Fibonacci harmonic. These broad-based scenarios will occur infrequently, often yielding just one or two favorable entry points over the course of a year.
How much money did High Times use in 2017?
Assets at that time were $3.5 million, including cash and investments of $1.1 million. In the first nine months of 2017, High Times used $4.76 million to fund its operations, so the near-term liquidity is very poor.
When did High Times magazine come out?
While most people are familiar with the magazine, which has published monthly since 1974 , High Times also includes the Cannabis Cup and a digital publishing division.
How many shares are there in a Reg A+?
The number of shares outstanding, if the company sells all of the shares offered, including the conversion of certain debt obligations and all stock options, would be 31.17 million shares. That means the Reg A+ investors would be investing at a valuation of $343 million, which is likely more than 20 times annual sales. This is a valuation typically reserved for fast-growing startups.
What is the red flag of Hightimes?
One red flag highlighted above is the amount of debt. Potential investors in the company should be aware that a portion of the capital raise will be dedicated to paying it off. In other words, the new investors in Hightimes Holdings will be, in effect, paying off the bet placed by the previous investors. In the event the company doesn’t raise enough money and isn’t successful in extending the maturity date, the holders of the debt have the ability to foreclose on all the assets of the company.
How much did publishing sales fall in 2016?
Sales in 2016 fell 19% to $14.6 million, and the $12.46 million in sales in the first three quarters of 2017 was up only 0.5% over the same period in 2016. In fact, publishing sales declined during that period by 20%, with the growth in events revenue offsetting it.
Is Cannabis Cups a growth strategy?
New management has shared a growth strategy that involves more Cannabis Cups and other events, expanding its digital publishing to sell cannabis-related products, and selling more branded merchandise. While this doesn’t sound especially promising, the company has been poorly managed for many years, and new management should be able to improve its operations.
Does High Times have a plan?
High Times has squandered an opportunity to extend its brand globally and doesn’t appear to have a plan to address it. Additionally, the vast majority of sales revenue (78%) comes from its events, which have a low barrier to entry and are vulnerable to shut-down actions or restrictions from local municipal authorities.
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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.
Is High Times a regulation A+?
After announcing its intent to enter into plant-touching operations less than 12 months ago, High Times is on its way to becoming one of the largest operators in California. Having already amassed a portfolio of cannabis licenses including operational stores as well as a thriving delivery service, the company additionally entered into a licensing deal that brought THC products and retail stores bearing the brands name into the Michigan market. While the 46-year-old industry cornerstone is famous for proliferating the cannabis market before it existed legally, the company has started selling the products it has talked about for many years.
Is High Times trading public?
Public trading was the goal of High Times’ Regulation A+ offering campaign, and the commencement of trading will mark the culmination of that campaign’s tremendous success. As of yet, Hightimes Holding Corp. has not issued a start date for trading. But a planned listing date will be determined in the near future.
What is high times banking?
High Times is banking that enough small investors will wager on the company’s future, despite its challenging balance sheet and steep losses of late. Looking ahead, High Times proposes to increase its number of festivals, events and competitions and expand its digital footprint.
How much money does High Times spend on acquisitions?
About $14 million of that would go toward various debt payback requirements. High Times proposes to spend about $16.5 million on acquisitions and joint ventures to grow the business. Most of High Times’ revenue comes not from its magazine, but from its events.
What is the first $5 million raised in the company's Reg A+ offering?
The first $5 million raised in the company’s Reg A+ offering will go entirely to pay back its lenders, which include private Chicago-based debt firm ExWorks Capital, according to its prospectus filed with the SEC.. Investors typically don’t like this approach; they’d rather see their dollars go toward growing a business instead of fixing a balance sheet.
What is Reg A+ crowdfunding?
David Feldman, a partner at Duane Morris LLP, says Reg A+ offerings—essentially a form of public crowdfunding— may be used, as High Times is doing, to raise money without an underwriting firm . «It can be attractive if the company has a large customer base and social media following, because of Reg A+’s much broader ability to test ...
How much money can High Times raise?
While High Times is allowed to raise up to $50 million under Reg-A+ offering rules, it apparently has not yet reached its fundraising goal, since it’s extending the offering period for the stock sale until Sept. 12. That’s also the date that a cash payment on roughly $8.2 million is due for purchase notes. If the company doesn’t make the payment, it would have to win an extension from its lenders or face default.
When does High Times debt mature?
Under its loan agreement with ExWorks Capital, High Times is carrying $13 million of senior secured debt. The loan matures in 2020. «The Hightimes Group’s ability to continue as a going concern may depend upon its ability to obtain the necessary financing needed to meet such debt obligation when it comes due,» the company said in the prospectus.
Is the High Times offering risky?
The High Times offering has more than its share of risks. The independent public accounting firm for the Hightimes Group has issued a ‘going concern’ opinion over whether the company could remain viable.»
