CannabisNews420.com – Cannabis/Marijuana Industry News
MJ Biz report
High Times Holding Corp., the cannabis media group currently trying to raise funds for a potential stock exchange listing, is being sued by Southland Publishing over the sale of the latter’s Culture Magazine.
Southland agreed for High Times to purchase the magazine a year ago but claims it has not received up to $4 million in promised payments it expected to receive as of December 2018.
Cannabis firm High Times going to court over Culture Magazine acquisition
Southland Publishing, Inc are based in Pasadena, California with five offices listed in Southern California (San Diego, Downtown Los Angeles, Pasadena, Playa Vista and Pasadena.
Wikipedia write, “The company produces weekly newspapers, monthly magazines, direct mail products and affiliated websites throughout California and selected states throughout the U.S.”
Wikipedia lists their publications with sale of “Culture ” announced
- Pasadena Weekly
- San Diego CityBeat
- Ventura County Reporter
- The Argonaut
- Los Angeles Downtown News
- Arroyo Monthly
- Culture Magazine (sold Fall 2018)
- Ventana Monthly
Southland’s attorney ,Russell Selmont, of Ervin, Cohen & Jessup told MJ Biz that High Times has filed its responses to the suit and that the litigation is “just getting started.”
Here’s The Original Press Release Announcing The Purchase Of Culture Magazine
High Times Acquires CULTURE Magazine