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High Times Acquired – Cannabis Business Park – Big Marijuana Investors – World of Weed News

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High Times Acquired – Cannabis Business Park – Big Marijuana Investors – World of Weed News

High Times Was Acquired for $70 million by a Group of Investors Including Damian Marley

High Times, the magazine that has chronicled the transformation of marijuana use from an underground vice to a major American business, said on Thursday that it had been acquired by a group of investors that includes Damian Marley, son of the reggae star Bob Marley.

The group, led by Adam Levin, the founder of the investment firm Oreva Capital, bought a controlling interest at a price that values the magazine at $70 million, according to The San Francisco Chronicle…

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A Cannabis-Business Park Covering 1 Million Square Feet Is Coming to Massachusetts

California is at the forefront of the US medical marijuana industry, and weed’s positive impact on the state’s economy has been huge, generating $2.8 billion in 2015, with $6.5 billion annually expected by 2020.

The state’s largest grow facility was announced in June 2016 by GFarms, and is slated to be built in the town of Desert Hot Springs, which declared itself insolvent in 2014 and is now experiencing a real estate boom thanks to the marijuana industry. ..

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RELATED: Marijuana Real Estate

 

Big Investors Backing A Marijuana Boom In 2017

Some of the biggest marijuana stocks in the U.S. have seen 1,000 percent gains over the past couple of years, and now it is Canada’s turn — where no one’s even looking.

Here, the minting of millionaires is going to be huge. Not only is medical marijuana already legalized across the country, but the Canadian government is preparing to introduce…

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Jason Silva on the future of cannabis at Arcview Investor Forum

World of Weed Closes Friends and Family Round

Anthony Russo Announcements
World of Weed Closes Friends and Family Round

In the hopes and plan to enter the capital markets World of Weed Inc. closes their friends and family investment round. Proceeds are expected to be used for the purchasing of the state of the art 10,000 sqft. Farmtek greenhouse and also to prepare for the company’s forage into the capital markets and trading as a public company.

This changes the over all access to institutional level investment capital and will allow WOWI to further expand at a much brisker pace. The round was closed at 1,000,000 committed dollars and 500,000 dollars in the escrow. WOWI, it’s management team and employees  are excited for this bold move. ” This is a game changer for WOWI and raises the bar substantially for our competitors.” Anthony C Russo, president WOWI states. ” WOWI will move toward the full build out of the the first phase at Red Creek springs Farm Complex and entering the capital markets at this time is more than advantages to us and has our competitors nervous I am sure.”.

WOWI has 5 fully built out acres for Cannabis growing and an additional 35 acres to grow into. Look for other big news from WOWI and its strategic partners coming up in the near future.