High Times Holding Corp. to go Public with NASDAQ

High Times announced this morning that it will officially go public on NASDAQ in fall, making history in the newly-emerging cannabis stock market.

High Times Holding Corp., the publisher of High Times magazine, has entered into a definitive merger agreement with Origo Acquisition Corporation-Ordinary Shares. Once their contract closes, High Times Holding Corp. will officially be a publicly tradeable company, according to the company’s press release, .

This means that anyone from the casual starter investor to major players in stock trading will be able to buy stock in the company. Many cannabis companies have sought to become publicly traded, but for any plant-touching companies, this becomes a legal gray area due to the federal illegality of cannabis. As a media company, High Times was able to surpass all that and become public. For a company that puts on the Cannabis Cup as well as producing media content, this is sure to spell out growth and opportunity.

“Historically, High Times has been under-capitalized and unable to take advantage of broad opportunities in cannabis-related digital media, e-commerce, branding and licensing” the press release stated. “However, in 2017 Oreva Capital, which is led by Adam Levin, gained control of High Times and began to position the company to better capitalize on its robust future growth. We believe that the merger with Origo will substantially improve High Times’ balance sheet and provide additional future growth capital. High Times operates through three primary segments, each of which is expected to achieve revenue growth in 2017.”

It is estimated that the stocks will officially go public this fall, after the contract closes. The news was announced today, as the deal between High Times Holding Corp. and Oreva Capital became official. This is a major win for public cannabis training and cannabis media, and an exciting step for the financial growth of the industry.