One of The Cannabis Industry’s Biggest Brands Announces Nasdaq Reg A+ IPO
One of the oldest and biggest names in the cannabis space, High Times, is officially going public on the Nasdaq via Regulation A+.
Last week, High Times announced that the Reg A share price will be set at $11, a valuation of approximately $225 million, and anyone can buy shares just by visiting hightimes.com/invest.
The Reg A+ announcement comes after months of delays caused its original suitor, Origo Acquisiton Corp., a so-called shell corporation, to face delisting from Nasdaq.
“It’s a new path to an IPO,” High Times CEO Adam Levin told the New York Post, “We raised just over $1 million on Day One from 400 people.”
Levin expects to raise about $20 million (a minimum raise of $5 million and a maximum of $50 million) with Reg A+ in 30 to 45 days.
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