After Five Decades, American Cultural Icon High Times is Bankrupt

[-5MeoAmt-]

LOS ANGELES – High Times magazine and the sprawling but bankrupt empire that owns it are for sale piecemeal to whoever offers the most for each part. The man tasked with selling the company bit by bit said he believes the iconic trademark may go for as much as $7 million, but websites, dispensaries, operating licenses, and other assets in the portfolio may bring only a fraction of their potential value.

https://mgmagazine.com/business/finance-acquisitions/high-times-assets-for-sale/


...and the receiver overseeing the sale of the companies assets just got terminated.

The receiver appointed to handle the asset sale of cash-strapped cannabis brand and iconic publication High Times is no longer working with the business.
Stephen Kunkle, the receiver for High Times’ lender, ExWorks, terminated the receiver agreement with Kevin Singer, according to Green Market Report.

https://mjbizdaily.com/receiver-overseeing-asset-sale-of-cannabis-brand-high-times-terminated/