Los Angeles, Feb. 20, 2020 (GLOBE NEWSWIRE) -- High Times, the most
well-known brand in Cannabis, announced today that it received notification
from FINRA that it was granted a trading symbol, clearing a final hurdle to
begin trading. Company trading will commence with a planned listing date to be
determined in the near future. The approval provides Hightimes Holding Corp.
the ability to list on the public markets which will culminate the brand’s
highly successful Regulation A + campaign.
“This is a big step for the company and the
High Times brand. The listing of the company’s stock will give us a trading
currency that will assist us in furthering our acquisitional goals. There is no
better time to roll out this next evolution as we enter the cannabis retail
space,” Adam Levin, Executive Chairman of Hightimes Holding Corp., noted. “With
the lessons we’ve learned from other operator’s mistakes, great management, and
the current state of the industry, now is the time for High Times to thrive!“
“With over 23,000 investors, this has been one
of the most widely subscribed to offerings in history - across any industry,”
Levin continued. “We’ve proven the strength of our brand, and of the community
we represent. We’re excited for this next step.”
High Times is committed to continuing to
connect cannabis to consumers with trusted products, across price points, and
has introduced several plans this year to support that. High Times aims to
cement its place as the largest name in cannabis and become the ultimate destination
for all consumers from the canna-curious to marijuana lifers - both in-store
and in person. The continued expansion in licensing and e-commerce, and now
into retail stores, allow the globally recognized brand the unique opportunity
to reach consumers wherever they may live. With the first two retail stores
launching in Los Angeles and Las Vegas, High Times’s digital presence
provides worldwide reach.
“This feels just like my early days in
ecommerce - except in this case we already have audience, and we’re dealing
with the most well-known brand in Cannabis,” Stormy Simon, the brand’s Chief
Executive Officer, stated. “My history in ecommerce should help the company as
we develop both our retail business as well as our direct to consumer delivery
options in markets across the globe.”
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. From humble
beginnings as a counterculture lifestyle publication, High Times has evolved
into hosting industry-leading events like the Cannabis Cup and the High Times
Business Summit, while providing digital TV and social networks, globally
distributed merchandise, international licensing deals and providing content
for its millions of fans and supporters across the globe. In the world of Cannabis,
High Times is the arbiter of quality. For more information on High Times visit http://www.hightimes.com.
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. Actual results may differ
materially from historical results or those indicated by these forward-looking
statements as a result of a variety of factors including, but not limited to,
risks and uncertainties associated with its ability to maintain and grow its
business, variability of operating results, its development and introduction of
new products and services, marketing and other business development
initiatives, among other things. For further information about Hightimes,
Hightimes encourages you to review its filings with the Securities and Exchange
Commission, including its Form 1-A Offering Circular dated July 27, 2018, its
Offering Circular supplement dated May 31, 2019, and all subsequent filings,
including its Current Reports on Form 1-U, dated February 20, 2020.
Posts
