This is your pilot speaking your boy rich from rich tv live so as you know i have been one of the first investors ever in high times i am a high times investor and have been since day one now over the last few months there’s been a lot of people saying that high times is going bankrupt there’s a lot of people saying the high times will never go public and they’re

Gonna steal money from other shareholders despite all of that i held my shares stayed quiet where my high times gear and i believed that they would go public since day one i have some breaking news i got an email a message from high times today to shareholders this is breaking news here it is dear high times shareholders and stakeholders we are pleased to provide

You with an overview of the progress and accomplishments that high times has made over the past year this doesn’t sound like a company going bankrupt does it and we are excited to share our progressive new vision for the future we thank all of our shareholders supporters more than 23,000 shareholders in total as we move into this net that is a huge number of

Shareholders by the way there is no bigger global cannabis brand than high times thanks to both our new and longtime supporters in a market desperate for validation high times has stood the test of time and remains the only cannabis brand known from california till to timbuktu since 1974 high times has established itself as the most recognized cannabis brand

In the world sought-after by new customers trying cannabis for the first time as well as long-term connoisseurs who have been reading our flagship magazine cover to cover for the past 45 years with more than 23,000 shareholders representing over 24 countries around the world we are a global brand with a global following 2019 year-in-review this past year has

Been transformative despite a challenging economic environment in the cannabis world we entered our first half of 2019 with positive revenue growth of twenty point seven percent for the six months ended june 30th 2019 we pulled key cannabis media brands solidified our core offerings launched successful events throughout north america taken steps to prepare for a

Public market listing and added key members to our management team we also made difficult but necessary decisions to help bring us to profitability including consolidating our magazine brands under one editorial group as well as reducing corporate overhead by centralizing our operations to california when what we have learned in this is that things don’t always go

According to plan candidly we have made a few decisions that in hindsight we may have done differently today our large largest misgiving is that high times had hoped to be public by now but given the markets volatility in the cannabis sector we also believe that this may have been a blessing in disguise for our company and shareholders alike we are now more focused

And realigned we spent this past year building our new corporate strategy which we are excited to share ultimately we believe we have found the best way to leverage our global brand and content engine to power the next steps in high times evolution and we remain as optimistic as ever as we believe that we have created a clear path forward for long term success the

See also  HOA Fee Death Trap | BeatTheBush

Path forward as 2020 asher’s into a new decade we have decided that it is important to focus on business fundamentals in order to have head down a path towards profitability in doing so we will focus on operational efficiencies and monetization of our uniquely iconic cannabis brand we aim to achieve this by becoming a multi-faceted cannabis brand company that will

Now touch the leaf this is breaking news they will actually get into selling cannabis folks we will focus on high margin business segments including flagship dispensaries licensing relationships and e-commerce delivery wow this is breaking news high times is getting into touching the leaf dispensaries licensing relationships and e-commerce delivery we believe this

May lead our business to organically evolve into merchandising as well as flagship smoke shops consumption lounges and other attractive consumer destinations we will also continue with our core competencies of media magazine and global events by capturing new business verticals and cross pollinating bees with our historical platform we look forward to delivering

High times to consumers in compelling new ways i love it absolutely love this news for high times corporate strategy last week we announced our intentions to open our first two flagship retail dispensaries the store located in los angeles and las vegas two of the biggest markets for cannabis legalization in america specifically los angeles we serve as branded

Retail locations in key destinations that will aim to deliver the highest quality product available to consumers at all price points we plan to continue to support local businesses by finding shelf space for craft product including award-winning cannabis cup products we will always stay true to our roots in the years to come we intend to focus on acquisition and

Partnership opportunities for company growth in particular this will be our strategy to scale our brick-and-mortar presence and we are currently exploring new dispensary locations throughout north america come to vancouver management we look forward to our future initiatives we have made important strategic decisions for our management team we recently hired an

E-commerce pioneer stormy simon to take over as high times chief executive officer stormy was previously the president of overstock calm interesting wow where she was part of a group that grew sales from 20 million to over 2 billion that’s impressive stormy revolutionized overstock calm into the digital shopping empire that it is today she is uniquely positioned

To help our brand capitalize on high times digital business by leveraging our traffic into transactions not just for our brand but for our business partners she is also a visionary in the area branding brand building as a passionate advocate of medical cannabis causes stormy brings tenacious leadership to our team additionally paul henderson the former ceo of grupo

Flor joined us as our new president paul has worked in the corporate world for leading global corporate such as apple goldman sachs and ge capital and has recent experience in executive leadership in the u.s. cannabis industry we believe paul’s deep consumer packaged goods retail background and finance experience will bring powerful insight and experience for us as

We grow our business coupled with this paul’s contributions to building vertically integrated cannabis businesses will be important during the growth of our new business verticals paul’s unique background includes building retail dispensaries on modest budgets into some of the most successful stores in their areas paul is integral to the execution of the high times

See also  Looming Stock Market Reckoning

Vision we welcome both stormy and paul to the high times family we believe the addition of these key executives will prove ultimately valuable for our growth trajectory while remaining highly complementary to an already talented team the macro opportunity at high times high times has long been on the front lines advocating for legalization and social acceptance

We will continue to be a leader in empowering the explosive growth of the industry we are well-positioned to benefit from the continuing legalization of cannabis around the world the global legal cannabis market is projected by industry sources to reach sixty six point three billion by 2025 in the united states 33 states currently allow for legal cannabis sales

And consumption including eleven recreational states and washington dc as legalization gains traction we expect the remainder of 2020 to be filled with old and new territories hosting high times events winning our cannabis cup competitions remains the most prestigious achievement for cannabis growers and manufacturers and this reputation continues to grow as our

Competitions expand and each new recreational market this you guys need to come to vancouver seriously this past year we returned to a new legalized detroit for the first time in six years where we hosted a sold-out event return to denver for the first time in three years and are proud to have hosted our first ever event in oklahoma we are pleased with what we

Have achieved but there is so much more left to accomplish and high times is very aware of rich to be live and rich to be live is a big fan of high times just so everybody knows and i am a investor have been since day one one of the first investors in high times in addition to positive revenue growth the strategic transitions the strategic transactions we plan to

Complete will further solidify our position we will continue to expand our events based business and continue to connect cannabis consumers with both end and end micke cannabis and non-endemic brands globally we do this in print we do this via the web we do this via social media channels like rich tv live and we do work with just so you guys know high times they’re

Very aware of us we do this at events we do this directly to consumer inboxes we use our brand to connect cannabis consumers with our brands we will double down on the approach as we move into retail and look for other platforms to connect cannabis brands to consumers just like we’ve done for more than 45 years looking ahead our goal is to maximize the value of high

Times brand by continually expanding our presence we will continue to pursue strategic acquisitions attractive investment opportunities and partnerships while also looking to grow our organic business we are constantly pursuing new opportunities as legalization moves forward capital markets initiative we continue to extend our regulation a offering which means you

Can still invest in high times and plan to keep it open to raise further capital in preparation for our long awaited listing on a public exchange this is a tremendous advantage as it allows us to continue to tell our story while raising capital to drive growth right now we have more than 23,000 shareholders and believe this has been one of the most successful reg

See also  Apple vs Steve Jobs

A offerings in history we appreciate all of your support as we continue to complete our transition into an anticipated public listed company we encourage all of our investors to spread the word and share this email with your friends who may find this message interesting although our initial plan was to list on the nasdaq we believe this would not place we believe

This would place severe constrictions on our company from a strategic growth perspective our current objectives to move into plant touching would not be possible on that path yet we still believe the public markets will bring greater exposure and access to capital as well as liquidity for our current shareholders as such after carefully weighing our strategic options

We have decided to pursue a listing on the otcqx exchange which i’m totally good with i’m totally good with that i just want you guys to go public so my shares can become free trading and so all shareholders can actually make money with their shares that we’ve invested in we believe that utilizing our ip and brand awareness on plant touching opportunities provides

The greatest prospect for our shareholders and for corporate growth moving forward currently we are waiting a final response from finra which is in the last hurdle needed to prior needed prior to listing our shares on the otcqx which means they could be very very close to going public and if they do we will do everything in our power to get them on our show just

So you guys know conclusion in closing we have made significant progress to date and are well-positioned to continue the momentum we have started we remain focused on driving positive revenue growth improving cash flow liquidity and margins while simultaneously maximizing the value of our global brand for our shareholders high times management team is highly

Motivated and excited about our prospects for the future on behalf of the entire high times team including our board of directors and associates i would like to give thanks to all of you who have invested with us and believe in the power of our global brand this is only the beginning sincerely adam levine executive chairman high times investor calm thank you guys

For watching i am a high times investor i will keep you updated on any news that happens or breaks on the high time story this is good news hopefully we get listed on the otcqx exchange i already have my paperwork from the transfer agent hopefully i can get my shares deposited soon i got over five thousand dollars invested in high times you’re not winning you’re

Not watching this is your boy rich from wish to be live and i’m oh peace hi times go on public soon guys stay tuned it’s true your boy once again bringing the news first that’s what we do best true

Transcribed from video
BREAKING NEWS – HIGH TIMES OTCQX LISTING UPDATE By RICH TV LIVEliveBroadcastDetails{isLiveNowfalsestartTimestamp2020-01-28T181659+0000endTimestamp2020-01-28T183217+0000}

Scroll to top