Breaking: High Times To Go Public Via Deal With Nasdaq-Listed Lucy Scientific

Benzinga ·  09/07/2023 20:30

High Times Holding Corp., a touchstone in the cannabis culture for nearly five decades, announced a landmark transaction with Lucy Scientific Discovery Inc. (NASDAQ:LSDI) that would finally make the iconic brand publicly traded. The deal involves a divestment of core High Times assets, including its IP, brand and licensing business, to Lucy in exchange for 19.9% of Lucy's publicly traded shares. A Strategic Realigning The transaction is an all-stock deal that places the valuation of High Times' divested assets at an undisclosed upfront sum. Lucy will issue a yet-to-be-disclosed number of shares of stock to

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