There’s more executive turmoil at Hightimes Holding Inc., which lost its third chief financial officer in less than a year just as it was unveiling plans to license its first two cannabis retail stores in Las Vegas and Los Angeles.
The deal for the stores, which still must get regulatory approval, will operate under the High Times name. The company said in an SEC filing Thursday that it has “binding letters of intent with holders of dispensary licenses” in both cities.
The retailing push is a dramatic pivot for the financially struggling publisher of High Times and Dope magazines that was also running trade shows and exhibitions for pot enthusiasts.
The company also revealed in an SEC filing that it has named a new president: Paul Henderson, former CEO of pot retailer Grupo Flor, who will do double duty as the acting CFO. Prior to Grupo Flor, Henderson was said to have served stints at Apple and Goldman Sachs.
Published: January 16, 2020
Founder & Interim Editor of L.A. Cannabis News