High Times Buys Seattle-Based DOPE Magazine for $11.2 Million
On the eve of the company's planned IPO
High Times Holding Corp., the owner of High Times magazine, announced it will acquire Dope magazine for $11.2 million. Dope magazine currently publishes eight local editions in six states. Its annual circulation is 1 million, including distribution at cannabis retailers. In addition to the magazine, High Times is acquiring Dope’s website, events business and staff including CEO George Jage and founders Dave Tran, James Zochondi and Evan Carter, reports Media Post. Already this year, High Times acquired Culture magazine, available in 10 markets across the U.S., Canada and the U.K., and Green Rush Daily.
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