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High Times Parent To Acquire Calif. Cannabis Delivery Service

Tiomkin Law Offices of Elliott Tiomkin > Legal News  > High Times Parent To Acquire Calif. Cannabis Delivery Service

High Times Parent To Acquire Calif. Cannabis Delivery Service

Law360 (July 1, 2020, 7:03 PM EDT) — The private equity-backed parent company of cannabis magazine High Times said it has entered into an acquisition agreement with a California cannabis delivery service, which the company said would give it distribution hubs in the Golden State as it seeks to break into retail marijuana.

Hightimes Holding Corp. said Tuesday that the primarily stock-based transaction will close in September, which will be used to launch High Times-branded products and delivery on behalf of the 12 current and planned dispensaries it is in the process of buying in California.

“While we have been planning this for quite some time now, the recent…

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