High Times, Humboldt Heritage Cancel M&A Plans

High Times Holding Corp. is putting its cultivation and processing plans on hold.

The company, known for publishing High Times Magazine, announced in March that it agreed to buy Humboldt Heritage. As of May 15, the deal has been canceled.

Why It Matters

High Times touted the deal as a key component to its growth. The publishing company’s nixing of the agreement marks yet another setback.

On May 6, the Los Angeles-based company announced its latest CEO shift, …

Full story available on Benzinga.com

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