Hightimes Holding Corp. has offered to buy Humboldt Heritage Inc., a California-based cannabis holding company.
The publishing company, known for the popular High Time Magazine, confirmed Friday that it had signed a letter of intent to acquire Humboldt Heritage and its subsidiaries Grateful Eight LLC and Humboldt Sun Growers Guild.
The terms of the deal were not disclosed.
The acquisition offer comes ahead of the wrap-up the High Times Regulation A+ campaign, which has attracted more than 26,000 shareholders before going public, the company said.
Once completed, the purchase will enable High Times cultivate, process and produce cannabis.
Combined with its latest retail acquisition, High Times is poised to become one of the state’s biggest vertically …