Thursday, June 01, 2017

High Times Magazine Has Been Sold

High Times Magazine, which has had the same owners since 1974, has been sold.  Buyers include Damian Marley (Bob Marley's son) and pioneers from Colorado pot shop chain Denver Relief, Isaac Dietrich, founder of cannabis social media site MassRoots, and Nick Kovacevich, CEO of Kush Bottles, a cannabis packaging company.

The company was priced at $70 million.

“It’s a sign of the times,” said Tommy Chong.

High Times’ management and editorial staff remains mostly intact, Levin said. The previous owners remain shareholders.

No comments: