Revolving Door Of CEOs And Other Exec Positions At High Times: Who's The Latest New Face?

The iconic cannabis media brand has undergone yet another leadership change, reported  Green Market Report’s Debra Borchardt, a leading authoritative voice in the marijuana investment space who will speak at the upcoming Benzinga event in Chicago.

As the Sept. 30 deadline for High Times to return the money it owes to ExWorks and avoid acquisition by its receiver looms, the firm behind the iconic cannabis media brand has named a new CEO.

Shaun Jarvis agreed to assume the interim CEO position for which he will receive a salary of $120,000 per year. According to a securities filing dated August 23, Jarvis, who has been on the board of directors since December 2022, will hold this new position until the company finds a permanent solution.

Before co-founding Kimball+Jarvis, an agency focused on brand strategy and marketing, Jarvis worked as a commercial photographer. He also served as a professor of art at Linfield College, the Rhode Island School of Design and New York University.

Fifth CEO In Five Years

The move comes on the heels of the recent departure of Paul Henderson, who until last week, was the company’s CEO, CFO and director.

High Times is also in the process of appointing a new head of the finance department, while Charles Perez agreed to serve as an independent director.

Henderson, who also served as a director of Hightimes Holding Corp. and has led the company since February, stepped down as interim CEO on August 15, citing health reasons.

His predecessor, Peter Horvath was CEO and director for over a year after former CEO Stormy Simon stepped down to run for public office in Utah after only four months.

Prior to Ms. Simon, Kraig Fox held the post for nine months, replacing chairman Adam Levin.

Stephen Kunkel of VentureSpring LLC was appointed as receiver for ExWorks in October and could end up taking over more than two dozen companies, including Hemp Times Inc. and Hightimes Holding Corp., to name a few.

The Benzinga Cannabis Capital Conference, the place where deals get done, is returning to Chicago this Sept 27-28 for its 17th edition. Get your tickets today before prices increase and secure a spot at the epicenter of cannabis investment and branding.

Photo: Courtesy of geralt, lindsayfox Pixabay