High Times, will buy a cannabis dispensary Desert’s Finest in a $6.2 million deal.
Out of those $6.2 million, around $5.35 million will be in the form of convertible debt, projected to close in the following three months.
Under the deal, Desert’s Finest will keep its current employees but will be restyled as High TimesTMMarket, upon the completion of the transaction.
Under this acquisition, High Times’s other assets in the same area would benefit from a new distribution license.
The new dispensary is located in Desert Hot Springs, California, therefore extending the company’s delivery service offering. At the moment, High Times Delivery covers more than 50% of California.
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