Hightimes Holding Corp. announced the naming of Stormy Simon, former President of Overstock.com Inc., as its new Chief Executive Officer. The move comes as the company prepares to develop its physical and virtual distribution businesses.

Having spent the last year acquiring Cannabis media publications and websites, High Times now looks to monetize its audience of millions of users across the globe. Former President and CEO Kraig Fox has resigned as President and CEO of Hightimes. Executive Chairman Adam Levin will remain in his current role.