Is rain headed to this parade?
During 2016, Cannabis Cup Events generated approximately 68%, of the total consolidated revenues of the company. High Times was acquired by the THC Group in February 2017. The company has focused more attention on events and festivals. For the year ended December 31, 2017, High Times conducted 22 live events shows including nine Cannabis Cup. These events and festivals reported $11.04 million in revenues and a gross profit of $680,000. This compares to the prior year 12 months where revenues of $9.94 million and a gross profit of $3.25 million was booked (CI).