Los Angeles, CA, Sept. 17, 2018 (GLOBE NEWSWIRE) -- High Times Holding Corp. (“High Times” or the “Company”) announced here today that it has received subscriptions and funds in excess of $5,000,000 from investors which enabled it to complete the $5.0 million financial milestone in its proposed maximum $50.0 million Regulation A+ offering of up to 4,545,454 shares of Class A common stock at an offering price of $11.00 per share (the “Offering”). The Company’s final Form 1-A offering circular was qualified by the SEC on July 26, 2018 (the “Offering Circular”). The Offering Circular is supplemented by a series of Form 1-U Current Reports filed with the SEC on August 13, 2018, September 11, 2018 and September 14, 2018. The Offering Circular and the Current Reports are available on both the SEC website www.sec.gov/search for company filings/hightimes, and on the Company’s website at www.hightimes.com.
On September 11, 2018, High Times elected to extend the deadline for investing in the Offering from September 12, 2018 to as late as October 31, 2018.
The publication of the High Times monthly print periodical was started in 1974 and has grown into the most well known brand in Cannabis.
“We have only recently started the process of offering our shares to the public, but to date we have received support and purchases from over 6,000 investors in our community, and we couldn’t be more excited to welcome all of our new shareholders into the fold.” said Adam Levin, High Times’ Chief Executive Officer.
High Times Holding Corp. acquired the equity of Trans-High Corporation, the company operating the High Times business in February 2017, and has since increased its revenue, output, and resources. Mr. Levin continued, “We are producing more events, content, and intellectual property than ever before, and we’re continuing to build out our suite of business tools accessible to, and necessary for, cannabis brands of all sizes from advertising opportunities to IP distribution.“
About High Times Holding Company
For over 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 industry-leading events like the Cannabis Cup and the High Times Business Summits, digital TV and social networks, globally distributed merchandise, international licensing deals, and millions of fans and supporters across the globe. In the world of Cannabis, High Times is the arbiter of quality. For more information, or to consume some of our content, visit us at HighTimes.com, @HIGH_TIMES_Mag on Twitter, @hightimesmagazine on Instagram, or on Facebook at: https://www.facebook.com/HIGHTIMESMag/
Forward-Looking Statements
This press release may include ''forward-looking statements.'' To the extent that the information presented in this press release discusses financial projections, information, or expectations about Hightimes Holding Corp.’s business plans, results of operations, products or markets, or otherwise makes statements about future events, such statements are forward-looking. Such forward-looking statements can be identified by the use of words such as ''should,'' ''may,'' ''intends,'' ''anticipates,'' ''believes,'' ''estimates,'' ''projects,'' ''forecasts,'' ''expects,'' ''plans,'' and ''proposes.'' Although Hightimes Holding Corp. believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading "Risk Factors" and elsewhere in the Offering Circular filed with the SEC. Forward-looking statements speak only as of the date of the document in which they are contained, and Hightimes Holding Corp. does not undertake any duty to update any forward-looking statements except as may be required by law.
Legal Disclaimer
The offering will be made only by means of an offering circular. An Offering Circular on Form 1-A relating to these securities has been filed with the U.S. Securities and Exchange Commission and was qualified by the SEC on July 26, 2018. The Offering Circular has been supplemented by a series of Form 1-U Current Reports filed with the SEC on August 13, 2018, September 11, 2018 and September 14, 2018 (the “Current Reports”). The securities offered by Hightimes Holding Corp. are highly speculative. Investing in shares of common stock of Hightimes Holding Corp. involves significant risks. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading "Risk Factors" and elsewhere in the Offering Circular filed with the SEC. Investing in Hightimes is suitable only for persons who can afford to lose their entire investment. Furthermore, investors must understand that such investment could be illiquid for an indefinite period of time. No public market currently exists for the securities, and if a public market develops following the offering, it may not continue. For additional information on Hightimes Holding Corp., the offering, and any other related topics, please review the Offering Circular and Current Reports found at www.hightimes.com/invest or on www.sec.gov.