Inner Spirit Holdings Makes Strategic Investment in High Times Holdings Corp.

Published: September 13, 2018

Inner Spirit Holdings Makes Strategic Investment in High Times Holdings Corp.

Inner Spirit Holdings Ltd., a specialty retailer and franchisor establishing recreational cannabis dispensaries across Canada under the Spiritleaf brand, has made a strategic investment in High Times Holdings Corp., acquiring 10,000 shares of High Times for $110,000USD. The investment is part of High Times’ crowdfunding campaign in anticipation of its planned NASDAQ listing later this year. In connection with the investment, Inner Spirit has been granted the right to, among other things, distribute High Times magazine in Spiritleaf stores across Canada.

In addition, as part of the transaction with High Times, Inner Spirit and Spiritleaf customers, as well as other stakeholders, will have the opportunity to share in lifetime Super VIP access to all future and expanding High Times’ Cannabis Cup festivals around the world. The Limited-Edition Cannabis Cup Investor Trophy and other collectable items, including a copy of the legendary inaugural High Times issue, will be displayed at the Inner Spirit head office and Spiritleaf stores across Canada.

High Times has been the original voice in cannabis since 1974. Founded by Thomas King Forçade, a notorious maverick in the cannabis space, High Times started as a counter-culture magazine. For the past 44 years, High Times has been the world’s leading source for daily cannabis news, weed information, and cannabis culture. “Inner Spirit is honoured to support High Times and have issues of the iconic magazine available for sale in Spiritleaf stores,” said Darren Bondar, President & CEO. “We remain very committed to ensuring the Spiritleaf brand is authentic to the cannabis community and we can’t think of a better way to do that than through a collaboration with High Times.”

Adam Levin, CEO of High Times added, “Canadians have been loyal High Times readers and fans since our inception. We are delighted to partner with Inner Spirit and Spiritleaf where, in addition to making the latest issues available to existing and new readers, they will be providing Canadians with a view of the history of the stars, politicians, athletes, and other famous and influential figures that have graced our covers as part of the High Times brand and history.”