High Times Media, which is owned by Origo Acquisition Constitution (OACQF), struck a deal with Green Rush Daily. Green Rush Daily is a New York City located cannabis news website that operates in an independent fashion.
The deal was made by GRD’s main proprietor, McGovern, accepting over 550,000 in Class A shares of High Times stock and half a million on cash. The stock for the High Times IPO will be valued at $11 per share, making McGovern’s shares worth $6.4 million.
High Times will have access to GRD’s expansive social media network and GRD will have the benefit of being a part of High Times’ Cannabis Cup brands.