{"id":1617,"date":"2019-12-08T23:41:45","date_gmt":"2019-12-08T23:41:45","guid":{"rendered":"https:\/\/blackcannamag.com\/hightimes-holdings-warns-shareholders-they-may-not-be-able-to-continue-operations\/"},"modified":"2021-03-16T06:39:34","modified_gmt":"2021-03-16T13:39:34","slug":"hightimes-holdings-warns-shareholders-they-may-not-be-able-to-continue-operations","status":"publish","type":"post","link":"https:\/\/blackcannabismagazine.com\/hightimes-holdings-warns-shareholders-they-may-not-be-able-to-continue-operations\/","title":{"rendered":"High Times Holdings Warns Shareholders They May Not Be Able To Continue Operations"},"content":{"rendered":"<p>The cannabis industry may be booming, but publishers looking to cash in keep going up in smoke.<\/p>\n<p><a href=\"http:\/\/hightimes.com\">Hightimes<\/a> Holding, which publishes the 45-year-old High Times magazine, warned shareholders in its latest SEC filing that it may not be able to continue operations.<\/p>\n<p style=\"box-sizing: border-box; margin: 0px; padding: 0px 0px 28px; border: 0px; font-family: Roboto, Arial; font-size: 16px; font-style: normal; font-variant-caps: normal; font-weight: normal; font-stretch: inherit; line-height: 28px; vertical-align: baseline; -webkit-font-smoothing: antialiased; caret-color: #1a1a1a; color: #1a1a1a; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-tap-highlight-color: rgba(26, 26, 26, 0.301961); -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; text-decoration: none;\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1595\" src=\"https:\/\/i0.wp.com\/blackcannamag.com\/wp-content\/uploads\/2019\/12\/img_5467.jpg?resize=640%2C274&#038;ssl=1\" width=\"640\" height=\"274\" srcset=\"https:\/\/i0.wp.com\/blackcannabismagazine.com\/wp-content\/uploads\/2019\/12\/img_5467.jpg?w=640&amp;ssl=1 640w, https:\/\/i0.wp.com\/blackcannabismagazine.com\/wp-content\/uploads\/2019\/12\/img_5467.jpg?resize=600%2C257&amp;ssl=1 600w, https:\/\/i0.wp.com\/blackcannabismagazine.com\/wp-content\/uploads\/2019\/12\/img_5467.jpg?resize=300%2C128&amp;ssl=1 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/p>\n<p style=\"box-sizing: border-box; margin: 0px; padding: 0px 0px 28px; border: 0px; font-family: Roboto, Arial; font-size: 16px; font-style: normal; font-variant-caps: normal; font-weight: normal; font-stretch: inherit; line-height: 28px; vertical-align: baseline; -webkit-font-smoothing: antialiased; caret-color: #1a1a1a; color: #1a1a1a; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-tap-highlight-color: rgba(26, 26, 26, 0.301961); -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; text-decoration: none;\">\u201cBecause of recurring operating losses, net operating cash flow deficits, and an accumulated deficit, there is substantial doubt about the company\u2019s ability to continue as a going concern for one year from the issuance of the financial statements,\u201d the company said.<\/p>\n<p style=\"box-sizing: border-box; margin: 0px; padding: 0px 0px 28px; border: 0px; font-family: Roboto, Arial; font-size: 16px; font-style: normal; font-variant-caps: normal; font-weight: normal; font-stretch: inherit; line-height: 28px; vertical-align: baseline; -webkit-font-smoothing: antialiased; caret-color: #1a1a1a; color: #1a1a1a; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-tap-highlight-color: rgba(26, 26, 26, 0.301961); -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; text-decoration: none;\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1594\" src=\"https:\/\/i0.wp.com\/blackcannamag.com\/wp-content\/uploads\/2019\/12\/img_5464.jpg?resize=740%2C444&#038;ssl=1\" width=\"740\" height=\"444\" srcset=\"https:\/\/i0.wp.com\/blackcannabismagazine.com\/wp-content\/uploads\/2019\/12\/img_5464.jpg?w=1000&amp;ssl=1 1000w, https:\/\/i0.wp.com\/blackcannabismagazine.com\/wp-content\/uploads\/2019\/12\/img_5464.jpg?resize=600%2C360&amp;ssl=1 600w, https:\/\/i0.wp.com\/blackcannabismagazine.com\/wp-content\/uploads\/2019\/12\/img_5464.jpg?resize=300%2C180&amp;ssl=1 300w, https:\/\/i0.wp.com\/blackcannabismagazine.com\/wp-content\/uploads\/2019\/12\/img_5464.jpg?resize=768%2C461&amp;ssl=1 768w\" sizes=\"auto, (max-width: 740px) 100vw, 740px\" \/><\/p>\n<p><span style=\"caret-color: #2a2a2a; color: #2a2a2a; font-family: proxima-nova, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-tap-highlight-color: rgba(26, 26, 26, 0.301961); -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration: none; display: inline !important; float: none;\">High Times has snapped up rival publications, including Dope, Culture and Green Rush Daily, and runs marijuana-themed concerts and events, but its crowdsourced IPO has stalled. It recently hired Toronto-based Lazer &amp; Lazer to search for a new backer as it tries to dig out of $105.2 million in debts.<\/span><\/p>\n<p style=\"font-size: 16px; line-height: 24px; font-family: proxima-nova, sans-serif; color: #2a2a2a; margin-bottom: 20px; font-weight: normal; margin-top: 0px; caret-color: #2a2a2a; font-style: normal; font-variant-caps: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-tap-highlight-color: rgba(26, 26, 26, 0.301961); -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; text-decoration: none;\">In its most recent earnings report, Hightimes Holding incurred a net loss of $11.9 million for the six months ended June 30, 2019, on revenue of $10.7 million.<\/p>\n<p style=\"font-size: 16px; line-height: 24px; font-family: proxima-nova, sans-serif; color: #2a2a2a; margin-bottom: 20px; font-weight: normal; margin-top: 0px; caret-color: #2a2a2a; font-style: normal; font-variant-caps: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-tap-highlight-color: rgba(26, 26, 26, 0.301961); -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; text-decoration: none;\">High Times is not alone. Civilized, which counted comedian Chelsea Handler as an investor has been taken over by New Frontier Data after burning through about $10 million in investment money, according to cannabis.net.<\/p>\n<p style=\"box-sizing: border-box; margin: 0px; padding: 0px 0px 28px; border: 0px; font-family: Roboto, Arial; font-size: 16px; font-style: normal; font-variant-caps: normal; font-weight: normal; font-stretch: inherit; line-height: 28px; vertical-align: baseline; -webkit-font-smoothing: antialiased; caret-color: #1a1a1a; color: #1a1a1a; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-tap-highlight-color: rgba(26, 26, 26, 0.301961); -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; text-decoration: none;\">You can read the rest of this article by <strong>Keith J Kelly<\/strong> on <strong>New York Post<\/strong> <a href=\"https:\/\/nypost.com\/2019\/12\/05\/hightimes-holding-other-cannabis-publishers-may-be-shutting-down\/\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cannabis industry may be booming, but publishers looking to cash in keep going up in smoke. Hightimes Holding, which publishes the 45-year-old High Times magazine, warned shareholders in its latest SEC filing that it may not be able to continue operations. \u201cBecause of recurring operating losses, net operating cash flow deficits, and an accumulated [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":1745,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[28],"tags":[102,38,100,101],"class_list":["post-1617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-announcement","tag-featured","tag-high-times","tag-magazine"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.3 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>High Times Holdings Warns Shareholders They May Not Be Able To Continue Operations<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blackcannabismagazine.com\/hightimes-holdings-warns-shareholders-they-may-not-be-able-to-continue-operations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"High Times Holdings Warns Shareholders They May Not Be Able To Continue Operations\" \/>\n<meta property=\"og:description\" content=\"The cannabis industry may be booming, but publishers looking to cash in keep going up in smoke. 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