share_log

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

Benzinga ·  09/07 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

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write first comment