High Times Cuts Debt and Agrees to Exercise Warrants, Raises $13.2 Million from IPO
Hightimes Holding Corp., the parent company of High Times Magazine, has agreed to immediately convert approximately $25.6 million of convertible 12 percent Hightimes notes into shares of stock at $11 per share—the same price per share the company’s stock is being offered to the public. As of Tuesday, the company says it’s reduced $28.6 million of existing debt […]