According to the tip received by Ganjapreneur, only three individuals were offered positions in Los Angeles, and the recent lay-offs had been preceded by over a dozen employees being let go since High Times acquired DOPE in September 2018.
In separate announcements at the time, both entities expressed hopes for a collaborative future in which the DOPE brand maintained its core voice and style. The $11.2 million purchase of the Seattle-based B2C monthly cannabis magazine was the last in a flurry of B2C event production and media purchases by High Times’ corporate entity, High Times Holding Corp, which was established in 2016 when a group of investors acquired a majority stake in the business.
Published: November 07, 2019
Founder & Interim Editor of L.A. Cannabis News