Breaking News: High Times PRE-IPO (HITM) $11.2 Million Dope Media Acquisition
Channel: RICH TV LIVE
Date: 26/09/2018

High Times PRE-IPO (HITM) Extends Cannabis Media Network with $11.2 Million Dope Media Acquisition - RICH TV LIVE - September 26, 2018 - LOS ANGELES — Sept. 26 — High Times, the most-recognized brand in Cannabis, announced today the acquisition of DOPE Media, Inc. a leading integrated cannabis consumer lifestyle company. The latest in a year full of media acquisitions, the 45-year-old institution picked up the flagship magazine, multimedia website, events business, and its staff, to further expand its ownership of the cannabis media space. This acquisition comes ahead of High Times public listing later this quarter, and amid it’s on-going Regulation A+ crowdfunding campaign.

Valued at $11.2 million, the deal was completed with a split of cash and stock in the growing High Times empire.

The latest in a series of cannabis media consolidation, DOPE joins CULTURE, Green Rush Daily, as well as the flagship High Times Magazine, among the High Times media network. “DOPE is a very strategic acquisition for our portfolio offering key complementary assets to our existing platforms and opening the opportunity for economies of scale to improve performance of all our entire publication group,” said Adam Levin, CEO of High Times. DOPE Media offers a unique solution to state-licensed cannabis brands and retailers looking to target their campaigns within their licensed territories. Dope also holds their largest Dope Cup events in Seattle and Portland adding to the existing Cannabis Cup portfolio for the High Times brand.
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