Article by Keith J. Kelly, New York Post
Pot publications are one of the few growth areas in media. High Times Media, which has delayed but not canceled plans to become a publicly listed company, said Thursday it is buying Green Rush Daily for $500,000 cash plus $6.4 million in stock.
GRD, a 3-year-old cannabis news website that bills itself as the official resource of daily news for all things weed, claims to pull in 9.5 million page views a month.
Meanwhile, Tom Florio, CEO of ENTtech Media, which last year purchased Paper magazine, said he is teaming with MedMen, a recreational marijuana company, to launch Ember, a custom-published print title.
Florio is handling the content for the custom-published quarterly distributed only in MedMen’s dispensaries in California and Nevada. MedMen will soon open a medical marijuana store on Fifth Avenue in Manhattan.
High Times is in the process of being acquired by Origo Acquisition Corp. in a $250 million all- stock deal.