High Times Is Set To Go Public

By Technical 420 of technical420.com

Research Platform • Jul 31, 2017 at 6:27 AM EDT

High Times is going public and this development has the market buzzing.

High Times is going public and this development has the market buzzing.

The company expects to list on the Nasdaq by October but there are still more questions than answers.

Reuters broke the story on Thursday. The source does not know the expected symbol and wants to remain anonymous. And the Nasdaq declined to comment.

A Household Name

Friend or foe of marijuana, it doesn’t matter, you have most likely heard of High Times.

The marijuana publisher has been the subject of many exciting headlines in 2017.

In June, private equity firm Oreva Capital purchased a controlling stake in High Times for $70 million.

Last week, the firm sold High Times special purpose acquisition company (SPAC), Origo Acquisition Corp (OACQ: Nasdaq) for $250 million. Oreva is going to make a pretty penny off this transaction.

A Green Opportunity

Oreva is not a cannabis focused private equity firm. It simply recognized and acted on an opportunity.

High Times will not be undergoing any major changes post-IPO and Chief Executive Adam Levin will continue to run the company post-merger. After the IPO, High Times will be much better capitalized and will be able to expand its reach, enter new markets, and capitalize on new opportunities.

We are interested in seeing how this story continues evolve and will keep you updated on any important developments.

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