After a few years of public missteps that would fell any operation in which the product doesn’t sell itself, High Times this week bought 13 dispensaries from Harvest Health. Many of them are not yet open. The move represents High Times’ pivot away from media and event production.
- In a deal as complex as a three-way NBA transaction, some of the Harvest dispensaries High Times is likely to own will come from Seattle’s Have a Heart company, which Arizona-based Harvest Health bought last month. Not going to High Times are the S.F. Harvest dispensaries on Geary or near Mission.
- High Times was sold for $70M three years ago, but since then has fumbled its way through several Cannabis Cup iterations.
- Says SFist, “The company’s attempt to IPO has been a comical disaster, and at this point is pretty much just a glorified GoFundMe effort that has no tradable shares nearly two years into the effort.” Ouch.