Former Editor launches Boycott

NEW YORK - May 27, 2017 - PRLog -- The founder of the Cannabis Cup retired on his 66th birthday recently by posting a blistering attack on his former company, the Trans High Corporation, owners of High Times and the Cannabis Cup. Majority share of the company was recently sold and offices moved to Los Angeles, and the company seems to be defaulting on many contracts, not just Hager's.

The magazine has been floundering in debt for years and never came close to achieving the circulation it enjoyed under Editor-in-Chief Steven Hager. The Cannabis Cup he created kept the company afloat when they removed him from the magazine.

According to Hager (see link), he was terminated after requesting a small raise to pay for his child's braces. When that raise was denied he requested to sell his 8 shares for a fair price. After High Times would only offer $15,000 per share, Hager put the 8 shares up for sale on ebay, and promoted an auction through social media. Soon, he had four buyers at $250,000 each.

When High Times learned of this, they swiftly fired Hager, threatened him with litigation, demanded all his archives, and took the shares up for pennies on the dollar while Hager was in a PTSD meltdown from their hostile blindsiding.

Afterwards, they failed to even honor their deal and just ignored Hager. Hager is seeking a legal team to negotiate terms of restitition.

"It's strange," he says, "when they fired me, my takehome pay for years hadn't come close to covering my rent and I had few resources. But I insisted on a balloon payment upfront and put a fifth of that into Bitcoin thinking, this may eventually reach the $2 million they swindled me out of. At that time, the Cannabis Cups were making $2 million in profit and they staging one every three months. But suddenly their Cups started really sucking, while my events and performances just got bigger and bigger, and High Times slid into massive debt and had to sell control, while Bitcoin exploded. Karma or coincidence?"

https://stevenhager420.wordpress.com/2017/05/25/boycott-h...


Contact Jessica Waters to interview Steven Hager on his dispute with High Times magazine.