In July 2017, an investor group purchased iconic media site High Times at a $70 million valuation. The investor group plans to take the company public for what has been reported in SEC filings as a $250 million valuation. Since then, Wenner Media, the company founded by publisher Jann Wenner, plans to sell its controlling stake in the troubled music and culture magazine Rolling Stone, citing a desire “to best position the brand for future growth.”
Please express your opinion about these transactions. The two companies are considered leaders in their respective verticals. The market will show whether cannabis media has a brighter future than music/culture media.
The results will be published here after Rolling Stones is sold.
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