MJ Biz says…a look at the company’s financials reveals sizable losses and sluggish sales. High Times posted $14.5 million in sales in 2017 – down slightly from $14.6 million in 2016. Losses in 2017 rang in at $24.7 million, widening from $2.9 million in 2016.
In an investor presentation High Times hosted on YouTube in August, CEO Adam Levin laid out the firm’s strategy to grow, adding that the company has had more than “4,000 shareholders invest to date.”
But on Tuesday, High Times filed paperwork to extend its offering period from Sept. 13 to Oct. 31.
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