StageReverse Merger | Alive
About Hightimes Holdings
Hightimes Holdings operates as a holding company. The company is a diversified media, information services, and live entertainment company focused on creating and distributing authoritative and engaging content related to cannabis. The company was founded in 1974 and is based in New York, New York.
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Expert Collections containing Hightimes Holdings
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Hightimes Holdings is included in 1 Expert Collection, including Cannabis.
These companies participate in - or service businesses that participate in - the legal cannabis industry. Our definition of cannabis includes both marijuana and hemp (and all derivatives). The collection includes both "plant-touching" and "non-plant-touching" businesses.
Latest Hightimes Holdings News
Feb 17, 2023
In other news The proposal would allow Lucy to manufacture substances for Canada's harm reduction program. Psychedelics venture Lucy Scientific Discovery Inc. (Nasdaq: LSDI) rang the closing bell at the Nasdaq stock exchange on Tursday in New York, a week after issuing its Feb. 13 initial public offering for $7.5 million. In a statement, Lucy said that it is focused on becoming a leading research, development, and manufacturing organization for the emerging psychedelics-based medicines industry. The company already has licenses from Health Canada to make psilocybin, MDMA, LSD, and mescaline. But that’s not all. Lucy filed an amendment to its current dealer’s license, essentially asking Health Canada to allow the company to manufacture cocaine and heroin for the country’s harm reduction programs. CEO Chris McElvany said the expansion “represents an effort to supply harm reduction programs globally” in light of the “failed war on drugs.” McElvany said that with the filing, the firm will get the ball rolling on its broader goal to “reduce lethal and or negative consequences associated with adulterated drug supply, particularly considering that fentanyl overdose is the leading cause of deaths among 18 to 45-year-olds in the United States.” “This milestone marks a significant step in the company’s growth and plans for expansion,” said McElvany. “We look forward to the opportunities ahead of us to continue working on improving mental health and finding sustainable solutions for treatment.” The company enlisted Richard Nanula, a former executive vice president and CFO at the Walt Disney Co. (NYSE: DIS), noting the Harvard Business School grad’s high regard as an investment advisor and experienced leader. Lucy also happened to ink a Jan. 16 deal with Hightimes Holding Corp . for $833,333 in annual advertising and marketing credits for three consecutive years, in exchange for 625,000 of Lucy’s common shares. The accord allows Lucy to advertise on all Hightimes publications, including the its print and website publications, and at all festivals and events conducted by Hightimes. Paul Abramowitz, one of Lucy’s directors, is the stepfather of the executive chairman of Hightimes. Abramowitz’s biological son is also beneficial owner of Roma Ventures, which owns approximately 8.53% of Lucy’s issued and outstanding common shares. Currently, Lucy focuses on the development of psychedelic drugs for research purposes, but “hopes to supply safe access programs in the future. ” In Canada, certain psychedelic substances, including psilocybin, psilocin, mescaline, and DMT, are classified as Schedule III drugs, and the country’s Controlled Drugs and Substances Act prohibits the possession of a Schedule III drug without authorization from the CDSA. “It’s time to realize that the failed war on drugs has caused additional harm to the masses worldwide, and harm reduction programs will lead to less death and more treatment options in the long term,” McElvany said. Following its IPO, Lucy said that it believes that it is “well-positioned to continue positively impacting the field of psychedelic medicine.” “We intend to leverage our 25,000 square foot facility located near Victoria, British Columbia, for research, development, and large-scale production of high-quality biological raw materials, APIs, and finished biopharmaceutical products,” the company wrote in its Jan. 21 SEC filing. “Supported by an executive leadership and advisory team consisting of highly experienced biotechnology and pharmaceutical industry experts, we will seek to position our company to be at the forefront of new discovery in this rapidly emerging market.” Post Views: 66
Hightimes Holdings Frequently Asked Questions (FAQ)
When was Hightimes Holdings founded?
Hightimes Holdings was founded in 1974.
Where is Hightimes Holdings's headquarters?
Hightimes Holdings's headquarters is located at 250 W 57th Street, New York.
What is Hightimes Holdings's latest funding round?
Hightimes Holdings's latest funding round is Reverse Merger.
Who are the investors of Hightimes Holdings?
Investors of Hightimes Holdings include Origo Acquisition Corporation, MassRoots, Ean Seeb, Oreva Capital and Stony Hill.
Who are Hightimes Holdings's competitors?
Competitors of Hightimes Holdings include Stonerdays and 3 more.
Compare Hightimes Holdings to Competitors
PotNetwork.com is developing a counter-culture digital magazine, in which it publishes up-to-date news and articles on the cannabis industry.
Panther Media is owner of MJINews.com and the Marijuana Investor Summit. MJINews.com was designed to fill the need for a reliable and credible source of information for investment opportunities in the nascent legal marijuana industry.
Stonerdays is a marijuana site that provides videos, articles, and blogs about marijuana.
Freedom Leaf is a marijuana-related news, health, multi-media, education, licensing, entertainment, branding, business development and incubation/accelerator company.
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