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.
Is high times a Reg a+ public stock?
While capital continues to flow into cannabis companies, iconic ’70s stoner company High Times has stepped up with a Reg A+ public stock offering to raise money under the 2012 US Jobs Act.
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.
Is the High Times offering too 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.»
What is the High Times logo?
When did high times magazine start?
What is the purpose of high times?
Is High Times listed on the stock market?
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.
What is the stock symbol for High Times?
HTHC: Hightimes Holding Corp Stock Price Quote - OTC US - Bloomberg.
How much is a share of High Times stock?
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.
Is high time an 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.
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 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 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.
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.
High Times IPO Scam : hightimes - reddit
I would love some insight here too. Unbelievably drawn out delay to the public listing when all they need to do is file financials for 2019 and the first half of 2020.
How to Spot a Pot Stock Scam | High Times
If you're thinking about investing in a pot stock or two, you'll need to take some extra steps to make sure you're not about to get scammed.
High Times Holding Corp. (HTHC) Message Board | InvestorsHub
The Most Well-Known Brand in Cannabis Expects to List on the Public Markets In Q1. LOS ANGELES, Dec. 31, 2020 (GLOBE NEWSWIRE) -- Hightimes Holding Corp., the owner of High Times ®, the oldest brand in the cannabis industry, has today announced the final extension of its highly successful Regulation A + crowdfunding campaign, having raised over $35 million from more than 30,000 investors.
Financial Results :: Hightimes Holding Corp.
For 45 years, High Times has been the world's most recognized and trusted cannabis brand - championing the lifestyle and educating the masses on the benefits of this natural flower. From humble beginnings as a counterculture…
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.
About High Times
For more than 45 years, High Times has been the world’s most well-known cannabis brand – championing the lifestyle and educating the masses on the benefits of this natural flower.
Forward Looking Statements
This press release may contain information about Hightimes Holding Corp.’s view of its future expectations, plans and prospects that constitute forward-looking statements.
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.
Does High Times accept Bitcoin?
In an Aug. 3 press release, High Times said it would accept Bitcoin payments for potential investors to buy stock. But in an Aug. 13 filing with regulators, High Times admitted the release was distributed in error and that it would not take Bitcoin as payment for shares. The company did not elaborate on how the mistake was made or why it would not ...
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.
When is High Times going public?
High Times is going public! by Adam Drury. February 20, 2020. Shutterstock. Today marks an historic milestone for Hightimes Holding Corp. and the tens of thousands of people who have invested in it. On February 20, 2020, the company announced that it received notification from the Financial Industry Regulatory Authority (FINRA) ...
When will High Times offer be extended?
The offering can be extended until March 31, 2020, unless all 4,545,454 shares are sold before that date. High Times is encouraging interested investors to visit hightimesinvestor.com to view the High Times offering circular.
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.
What is high times?
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.
When was High Times magazine founded?
The magazine was founded in 1974 by Tom Forçade of the Underground Press Syndicate. High Times was originally meant to be a joke: a single-issue lampoon of Playboy, substituting marijuana for sex. The magazine was at the beginning funded by drug money from the sale of illegal marijuana.
When did High Times acquire Green Rush?
High Times acquired cannabis media company Green Rush Daily Inc. on April 5, 2018. The deal was valued at $6.9 million.
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 debt does High Times have?
NY Post at one time said that High Times had over $100 million in debt. However, the company hasn’t filed any financial statements since 2019 and so it’s hard to know what shape the company is in. So, Horvath has experience when it comes to debt of over $100 million.
Did April come and go without an IPO?
Shockingly, April came and went without an IPO from HighTimes Holding Company. Once again the leaders at High Times teased that the beleaguered shareholders would finally see their shares hit the public markets only to have the day come and go with nothing happening.
A Suboptimal CEO, The Bebo Disaster, And Bankruptcy
High Times was acquired in March 2017 by a syndicate of investors led by Adam Levin's Oreva Capital, described on Crunchbase as a boutique private equity firm. The syndicate paid over $42 million for a 60% controlling stake, valuing the magazine at $70 million.
A Really Bad Deal On The Back Of Retail Investors
High Times is attempting to sell 4,545,454 shares of their class A common stock for up to $50 million, at an offering price of $11 per share. On their crowdfunding page, the company informs potential investors that they don't need a brokerage account to buy shares and they just need to meet the $99 investment minimum.
A Dying Print Publication And Subpar Events Company
As evidenced by its $57.2 million in contractual obligations and the consecutive year-over-year decline in revenue from both "Festivals, events, competition" and "Publishing and advertising", High Times is a dying print publication and subpar events company, at best.
What is the High Times logo?
From fashionable merchandise to cannabis courses, and cutting-edge media to rockin' events, the High Times logo is THE most recognized relic in cannabis today. The High Times brand has massive name recognition, and the possibilities for collaboration are limitless.
When did high times magazine start?
High Times Magazine© is the print publication that literally created the cannabis beat, way back in 1974. Doing business as “HIGH TIMES®.” it has since published more than 500 issues, with digital distribution of the print magazine beginning in 2008. Dope Magazine.
What is the purpose of high times?
The purpose of High Times is, and has always been, to connect people to the plant. For more than 45 years we’ve been fueled by the simple belief that the cannabis movement is about, and should focus on, the community.
