Higher Ground Holdings To Aquire High Times & Industry’s Top Cannabis Content

Sale Price: $9340 (plus unopened box of Dead bootlegs).

Re-Branded Venture to be called High Leafly Cannabis Culture Times 

HOLLYWEED, CA: In a stunning move, the world’s largest satirical cannabis conglomerate, Higher Ground LLCBD, announced the purchase of dozens of cannabis sites and magazines this week, aggressively moving to centralize stoner cliches in one place.

Speaking at MJ BizCon in Las Vegas, CEO Michael A. Stusser said the deal had been a long time coming. “How many stories about Seth Rogen or close-up pics of stank bud do you really need?” Stusser exhaled. “Our acquisition will enable us to consolidate the various marijuana brands – and by that I mean snuff ‘em out like a smokin’ roach.”

In obtaining High Times Holding (publisher of High Times magazine, Culture, Dope Magazine and Green Rush Daily) Higher Ground will have the chance to corner the “boobs and bongs” market (aka weed porn), along with re-licensing dozens of Cannabis Cups to Starbucks. Among those snapped up in the take-over were magazines and “lifestyle brands” Marijuana Business Daily, Sensi, Skunk, Grow, Marijuana Venture, Merry Jane, mg Retailer, Civilized, the Fresh Toast, Herb, CULTURE, Green Entrepreneur, Ganjepreneur, Freedom Leaf, Gossamer, Broccoli, Cannabis Now and MassRoots, allowing Higher Ground to control the vast majority of cannabis content, and assure the number of puns and cliches to go up in smoke.

In the first official move after the purchase, Stusser instituted what is known as The Tommy Chong Rule: In order to modernize and reach new demographics, the Cheech & Chong legend is banned from appearing in any additional marijuana media until the year 4020. Future bans said to include Willie Nelson, Snoop Dogg, Whoopi, Martha Stewart, Joe Rogan, Bill Maher, Miley Cyrus and Chelsea Handler. (Not mentioned: Rihanna, Jason Silva and, surprisingly, Woody Harrelson.) 

highergtv logoReportedly, Higher Ground Holdings wanted to keep the transaction under $10,000 to avoid a Federal SAR (Suspicious Activities Report) filing by the bank.  “We spent about $9500, and traded away some valuable assets.” (Rumored to be a box of Jerry Garcia bootlegs on 8-track cassette.) “Basically, we bought a database of every single person who’s ever fired up a fatty,” said Stusser. “We’ll send ‘em all a copy of Fertilizer Today, our agribusiness trade title – which we also own – and are currently shopping…” Official figures could not be independently verified. When reporters asked for documentation, Stusser said he would share them at the Grasslands VIP Party, but then asked assembled press if anyone had tickets for said event.

“Our goal is to offer customized mainstream video content productions and licensed extensions for cannabis service agencies across the sub and pop-culture spectrums,” said Al Olson, Higher Ground Editor-in-Chief. “And get into the whole CBD-thing, whatever the hell that is. Hemp too!”

An unnamed source also reported that Leafly, owned by Privateer Holdings, was thrown into Higher Ground’s aggressive take-over at the last minute. The insider said the site and app was ditched in order for Privateer to concentrate on making an actual profit – emphasizing their stable of weed-growing companies, including Tilray. Tilray’s partnership with brewing giant Anheuser-Busch InBev makes them less interested in un-profitable pot content. Of the deal, Privateer’s non-cannabis using billionaire CEO Brendan Kennedy said, “Oh, thank god. We’ve been wanting to get Leafly off our books for a decade now, and keep our focus on the beer bong business.”

“We also tried to buy Future State Brands (PROHBTD), MedMen (Embers) and Civilized (New Frontier Data),” noted Higher Ground’s CFO “but by the time we got the paperwork lined up, they’d all burned through so much seed money, they had to abandon their swank offices – and we had no way to reach them.” In a related non-move, Canna Law Blog was NOT acquired in the deal, as they are…well, lawyers, and have positive cash flow.

Michael Stusser and Higher Ground TV captured this year's Hot Pot Products

Michael Stusser & Higher Ground TV: This Xmas We’re Banning Tommy Chong!

Higher Ground’s blockbuster acquisition was announced at the Vegas trade show, MJ Biz Con. BizCon parent company MJ Biz Daily was ALSO swallowed up in the mega-deal. “With a hostile hippie takeover of MJ Biz Daily, we can consolidate all these dope-fiends under one tent – literally,” noted Stusser from his small mid-aisle booth at the trade show. “I mean, The Emerald Cup, CannaCon, CHAMPS, the Cannabis Congress, New West Summit!? Hempfest! How many places do these potheads need to buy a glass pipe, anyway?”

Like so many of the recent corporate buy-outs of alternative weeklies across the country, the Higher Ground deal seems similarly nefarious. “Our main goal, of course, is to fire as many good reporters as possible,” Stusser explained, “and get down to the real business of being stoned to the Bejesus. Frankly, we’d like to sell the whole she-bang to the Huffington Post. We always wanted to be called The Puffington Post – and this is our chance.”

Officials at High Times Holdings were not available for comment. When reporters tried calling the phone number listed in SEC documents, a recording with Bob Marley’s “ Waiting in Vain” played. The mailbox was full. No additional calls to media companies or employees were made before press time.

Higher Ground is a global viral marketing company focusing on Elevating the Dialogue on Cannabis Culture. (Kind of….) Their flagship show is described as “The Daily Show meets Good Morning America, just with a giant bong on the desk.” For more information about the mega-merger, visit www.highergroundtv.com or www.michaelstusser.com

MJBA Founder David Rheins Picks The Hottest Hemp, CBD, Vape & Culture+ Products Of 2019 At ASD Market Week | Culture+

VIP Panel Will Include Founders of Elixinol, The Blinc Group, Curved Papers and Farmer Tom Hemp Co.

NEVADA: The Culture+ marketplace is exploding, with thousands of new legal hemp, CBD, vape and cannabis-culture products creating consumer excitement and marketplace disruption.

MJBA at ASD

MJBA’s founder and executive director David Rheins, a seasoned marketing executive who learned his chops playing senior roles for Rolling Stone, SPIN, Time Warner AOL, has scoured the country to find The Hottest Hemp, CBD & Culture+ Products of 2019, which he’ll present at the ASD Market Week | Culture+ convention in Las Vegas on Monday, March 18, 9:00 AM – 9:45 AM.

Screenshot 2018-12-10 16.46.33These are the products that every retailer must know about – from hemp-based fashions and CBD health and beauty aids, to the latest in vaporizer technology and glassware.

Screenshot 2018-12-10 14.26.21

Following the 45-minute presentation, moderator David Rheins will lead a VIP Panel Discussion with the brand marketers who are building the industries best and most innovative brands, including Elixinol co-founder David Newman, The Blinc Group CEO Sasha Aksenov, Farmer Tom Hemp Co. Founder Tom Lauerman, and Curved Papers Founder Michael O’Malley.

Hemp is projected to be a $22 Billion market by 2012. Get an advanced look at all the hottest products, trends and technologies driving the red-hot Culture+ market.

Registration for the show is available online.

High Times Debt Holders Convert Debt and Agree To Exercise Warrants

CALIFORNIA: Hightimes Holding Corp., the owner of High Times, the most well-known brand in Cannabis, announced the exercise of warrants and the conversion of outstanding notes into its Class A common stock, resulting in a reduction of approximately $28.6 million of its outstanding debt obligations.

high times logoThe former stockholders of Trans High Corp., the company Hightimes acquired in February 2017, have agreed to immediately convert approximately $25.6 million of convertible 12% Hightimes notes into shares of common stock at $11.00 per share (the same per share price at which the company’s stock is being offered to the public).

In addition, Hightimes Holding’s senior secured lender has agreed that upon completion of the pending Hightimes initial public offering at the listing or quotation of its common stock on an approved securities exchange, such lender will exercise its warrants and use the exercise price to reduce approximately $3.0 million of Hightimes Holding’s senior secured debt.

Adam Levin, Chairman and Chief Executive Officer of Hightimes Holding, stated, “This transaction enables us to simplify our balance sheet and further our business development efforts. We are pleased to have the support of some of our largest shareholders as we take this next step in the maturation of our company. The confidence and support of our shareholders will help us to execute on our vision of becoming a dominant player in the cannabis industry.”

Eleanora Kennedy, one of Hightimes Holding’s largest investors, said, “We believe in the power of the brand, and are supportive of its growth under Adam’s leadership. We are especially excited to see the huge signals of confidence coming from the creators, and financiers, that helped develop this brand into what it is today. Our expansion seeks to bridge many of the gaps left open by the legalization movement, and the continued prohibition in some states, and this sign of approval doubles down on our belief that we’re heading in the right direction.”

To date, Hightimes Holding has raised more than $13,200,000 from its Regulation A+ public offering, from over 15,000 stockholders across the globe. The offering will remain open until January 31, 2019, but the organization may elect to list prior to that.

Hightimes Holding’s Regulation A + offering and debt conversion comes during a time of massive growth for the brand. Having recently acquired DOPE Magazine, CULTURE and Green Rush Daily, Hightimes Holding now provides expansive advertising opportunities for the cannabis industry, offering both national and regional solutions to brands of all sizes. The solutions span across digital, print and live activations.