Marijuana media giant High Times sells majority stake for ~$42 million

High Times, the most prestigious brand in pot, has been valued at $70 million in a deal that sees it selling a 60% majority stake for roughly $42 million to investment firm Oreva Capital. Originally a marijuana enthusiasts magazine founded in 1974, High Times has blossomed into a set up web properties and the Cannabis Cup marijuana contest event series. More details to come Read More