High Times magazine seeks revival in crowded marijuana publishing industry

But High Times is trying to overcome significant financial challenges. From 2014 to 2016, it swung from a $3.4-million profit to a $2.9-million loss as advertising and circulation declined, according to a regulatory filing in January. In the first nine months of last year, it reported an operating loss of $1.2 million, the company said.

“They still have a big following, but the company is struggling,” said Debra Borchardt, editor-in-chief of Green Market Report, a financial news site covering the cannabis industry.

Bob Marley

Founded in 1974 as a monthly print magazine, High Times was bought last year for about $70 million by an investor group that included the son of reggae star Bob Marley and Levin, the former CEO of social-networking site Bebo.

High Times has $11.5 million due in August 2019, and the company has the option to extend the deadline for another 12 months. It filed for an initial public offering

... read more at: https://www.thestar.com/business/2018/06/06/high-times-magazine-seeks-revival-in-crowded-marijuana-publishing-industry.html

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