High Times Has Inked A Deal to Acquire Multistate Cannabis Operator Moxie’s Operations in California

High Times Holding Corporation has entered into an agreement to acquire the California operations of Moxie, the state’s first licensed cannabis company and a leading multistate cannabis operator. The acquisition gives High Times new cannabis cultivation and production capabilities to complement their current portfolio of cannabis holdings in California.

“With our current platform of stores, we believe this acquisition will be synergistic in nature for the Moxie brands and provide a good home for their branded products in California,” High Times CEO Paul Henderson said about the deal.

Under the deal, High Times will take over Moxie’s California operations, which include an 11,000-square-foot manufacturing facility and 46,000 square feet of flowering canopy cultivation. The acquisition gives the company the capacity to produce up to 3,500 pounds of dried cannabis flower and more than 25,000 pounds of fresh frozen cannabis annually for High Times and our associated branded products. The deal also includes an exclusive 99-year license to use the Moxie, MX, and HighNow brands in California. In return, the Moxie organization will be granted 1,363,654 shares of High Times voting common stock.