High Times Admits SEC Filing is Wrong: Stormy Simon off the Board

This story written by Teri Buhl was reprinted with permission from Cannabis Law Report

High Times, a cannabis media company turned, hopefully, dispensary company, has announced in an SEC filing that somehow they did not report that Stormy Simon who left as CEO also left their board of directors.

 

The May 26 filing with the Securities and Exchange Commission says,

“The Company inadvertently reported in the May 6 Current Report that Ms. Simon would be remaining on the board of directors.”

Stormy Simon

A wrong filing about something as important as the former CEO also leaving the board of directors brings into question the accuracy or timeliness of other filings.

The company stock ticker is $HITM but is not trading yet.

The company is currently active in raising money through a crowdfunding securities vehicle called Reg A+, that targets main street investors, has also delayed updating its financials.

Attorney Steve A. Weiss is the lawyer responsible for the company’s SEC filings and Reg A+ qualification to raise money from the public. Weiss was an attorney with now-defunct New York-based CKR Law and currently works for a small West Coast law firm called Michelman Robinson LLP.

 

Stephen Weiss Partner Michelman & Robinson LLP Los Angeles

The company has run through multiple CEOs in recent years. Ms. Simon said she was leaving the company to run for office in Utah. The current CEO, Peter Horvath, is known to readers as the frontman for Green Growth Brands ($GGB) the Florida cannabis farm company that has controversial ties to alleged bad actor Andy Defrancesco and Canadian mega-millionaire Michael Serruya.

Adam E. Levin, the owner of High Times, did not respond to a request for comment at press time.

Avatar

Teri Buhl


Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like


About Us

The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


READ MORE



Recent Tweets

@GreenMarketRpt – 4 days

Former High Times Writers Form New Magazine

@GreenMarketRpt – 6 days

⁦@KushCo_Holdings⁩ $KSHB Revenue Misses Analysts Estimates As It Drops 46%

Back to Top

You have Successfully Subscribed!