The U.S. Securities and Exchange Commission halted High Times Holdings’ “mini-IPO” offering because the company didn’t meet an extended deadline to file its annual report.
Cannabis Law Report
- The company reportedly continues to pitch main street investors on its crowd-funded offering.
- High Times said its filing has been delayed and pushed back at reports that the deal was “halted.” Executive chair Adam Levin called media reports, “misleading and inflammatory.”
MJBiz
In another corporate story:
Federal prosecutors and the FBI are examining whether Wirecard, a scandal-ridden German payments company, played a role in an alleged scheme ????to launder transactions for delivery app Eaze. (Eaze hasn’t been charged and is cooperating with authorities.)
WSJ
- Ars Technica takes a look at the complex case and concludes, “Even if the federal government has a solid legal case, it’s worth asking whether the prosecution is a good use of federal resources.”
