Insiders” plan to make 257% profits on this NASDAQ “pot stock” IPO. And this cannabis stock is not the only big deal in the IPO pipeline. Go here to discover HOW to access the BEST pre-IPO stocks.
High Times Corp. – the publisher of the 43-year old High Times magazine – plans to go public on the NASDAQ.
The monthly magazine has 236,000 subscribers. In addition to the magazine, High Times produces live events and has a growing Internet and social media presence.
Two months ago, a group of investors known as Oreva Capital bought High Times from the company’s founding family.
The price: $70 million.
Today, they’re working on a public stock listing that would value High Times at $250 million. That would give investors more than a 250% return in just a few months.
The proposed transaction includes a reserve merger with Origo Acquisition Corp. (NASDAQ: OACQ). Origo is a special purpose acquisition company with no operating activities. Reverse merger transactions can allow a company to go public more quickly and with less hurdles than a conventional IPO.
The downside of these transaction is that – unlike an IPO – the company does not typically raise capital for operations in the transaction. Of course, High Times could raise money through a private placement or secondary stock offering once it starts trading.
If completed, High Times would begin trading on the NASDAQ. There are several publicly listed American cannabis companies. However, most trade on the less prestigious OTC Bulletin Board stock exchange.
The transaction requires approval from NASDAQ. In the past, the stock exchange has been unwilling to work with cannabis companies.
High Times will be an interesting situation. The company is not in the business of producing cannabis products. Instead, it’s simply a media company that produces content related to marijuana.
We’ll be closely watching this transaction to see how the NASDAQ responds to this proposed transaction. Additionally, it’ll be interesting to see how the market
Dozens of companies could be secretly preparing to IPO on the NYSE and NASDAQ. You can either wait for them to start trading, or grab your pre-IPO shares right now.
Pot Stock Briefing
Aurora Cannabis Starts Trading on TSX
Aurora Cannabis (TSX: ACB) will begin trading on Canada’s TSX, the country’s largest stock exchange. The cannabis stock joins Aphria, Canopy Growth, CanniMed Therapeutics and MeReleaf. Other Canadian cannabis stocks typically trade on the TSX venture exchange.
Canopy Growth Raises $25 Million
Canopy Growth (TSX: WEED) is raising $25 million from a single investor. The company sold shares of stock at $8.05. That’s a 10% discount to the recent share price of $9. Proceeds will be used to expand production capacity and explore new opportunities outside of Canada.
Just-released research reveals the details of a tiny Canadian cannabis stock that could be getting ready to take off.
“Insiders” have already invested $11 million of their own savings. And you have a limited-time chance to get in on the ground floor.
Weekly Performance (Monday – mid-day Friday):
North American Index: +1.8%
Horizon Medical Marijuana ETF: +2.3%
Looking for the next hot “pot stock” – BEFORE it takes off?
One small company was founded by a former big pharmaceutical executive. The company has set its sights on replacing opioids with cannabis. And the initial progress is significant; it could be the next cannabis stock.