Analysts: High Times sale could buoy cannabis industry

By Omar Sacirbey

The marijuana industry can expect higher valuations, more capital injections and increased merger and acquisition activity after the sale of High Times and the iconic magazine’s Cannabis Cup.

That’s the assessment of investment analysts who have followed the deal, in which investors paid $42 million for a 60% stake.

The diverse investor group – which includes Los Angeles investment firm Oreva Capital, musician Damian Marley, cannabis-focused social media platform MassRoots, and James Curnin of the Le Parker Meridien hotel family – immediately rebranded the company as High Times Holding Company.

The magazine

Analysts: High Times sale could buoy cannabis industry is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

This article was originally published on Marijuana Business Daily. View Original Article Here

Join Our Newsletter
Never display this again