Breaking: High Times To Go Public Via Deal With Nasdaq-Listed Lucy Scientific
Portfolio Pulse from Javier Hasse
High Times Holding Corp. has announced a transaction with Lucy Scientific Discovery Inc. (NASDAQ:LSDI) that will make High Times publicly traded. The deal involves a divestment of core High Times assets to Lucy in exchange for 19.9% of Lucy's publicly traded shares. The assets being transferred include intellectual property and domain names such as Hightimes.com, CannabisCup.com and 420.com. Lucy plans to license back these assets to High Times under a long-term arrangement.
September 07, 2023 | 12:30 pm
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Canopy Growth Corp is mentioned as an example of a company operating in federally legal cannabis markets. The news does not directly impact CGC.
Canopy Growth Corp is mentioned in the context of the news but the news does not directly impact the company.
CONFIDENCE 100
IMPORTANCE 10
RELEVANCE 20
NEUTRAL IMPACT
Tilray Brands Inc is mentioned as an example of a company operating in federally legal cannabis markets. The news does not directly impact TLRY.
Tilray Brands Inc is mentioned in the context of the news but the news does not directly impact the company.
CONFIDENCE 100
IMPORTANCE 10
RELEVANCE 20
POSITIVE IMPACT
Lucy Scientific Discovery Inc. is acquiring core assets from High Times in exchange for 19.9% of its publicly traded shares. This could potentially increase the value of LSDI shares.
The acquisition of High Times' assets could potentially increase the value of Lucy Scientific Discovery's shares due to the increased asset base and potential for increased revenues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100