Hightimes Holding Corp. entered into definitive agreement to acquire J@G Enterprises, Inc. on May 29, 2020. The consideration includes $0.35 million in cash and 10.15 million shares of Hightimes common stock. In a related transaction, Hightimes Holding Corp. entered into a definitive agreement to acquire 530 Collective in Shasta Lake. The stores, which also operate a multi-region delivery business, will be rebranded as "High Times properties" upon closing. Post completion, J@G Enterprises will become wholly owned subsidiary of Hightimes. The acquisitions will retain the 43 employees staffed and continue the operations of the two active dispensaries. The transaction is subject to approval of California Department of Consumer Affairs, Bureau of Cannabis Control and all required written governmental approvals of any other Governmental authority having jurisdiction over the Dispensary Licenses to the Merger. Transaction is expected to close within 60 days. Stephen A. Weiss of Michelman & Robinson LLP served as legal advisor to Hightimes Holding Corp. Richard G. J. McDerby of Manatt, Phelps & Phillips LLP served as legal advisor to J@G Enterprises.