Phenopen Assessment CBD
Excessive Occasions Holding Corp., the mum or dad firm of the long-lasting Excessive Occasions cannabis journal, fell effectively wanting its $50 million fairness increase goal and can intention for a list on the OTC markets versus the Nasdaq.
Right here’s what you want to know:
- In an SEC submitting dated Could 31, 2019, Excessive Occasions stated it raised $15,207,458 by the sale of Reg A+ shares to roughly 23,197 stockholders.
- The corporate stated within the submitting it paused the providing April 30 however can nonetheless promote shares till June 30.
- Adam Levin, Excessive Occasions govt chairman, instructed Marijuana Enterprise Each day in April that the corporate was nonetheless in search of a Nasdaq itemizing and that it could be “silly” to have a look at alternate options.
CEO Kraig Fox final week instructed Inexperienced Market Report the share providing was “extremely profitable.”
The providing has been criticized by some observers for permitting small traders to pay for modest quantities of inventory with a bank card, a cost Levin has rejected.
Excessive Occasions can also be going through authorized issues with an impressive lawsuit over $four million of funds associated to its buy of Tradition Journal.