THELOGICALINDIAN - On Thursday the wellknown cannabis ability cast and advertisement High Times appear its captivation an antecedent accessible alms IPO and that it will be the aboriginal adapted A banal alms to acquire cryptocurrencies
**Update 8-14-18 According to a filing with the Securities and Exchange Commission (SEC) the advertisement to acquire cryptocurrencies was an error. The account was “distributed in absurdity as the Company will not be accepting bitcoin as acquittal for shares. As provided in the Company’s cable acceding accompanying to the offering, the Company will alone be accepting check, acclaim card, ACH or wire alteration as acquittal for cable to shares,” High Times explains.
High Times Takes Another Step Into the Future by Accepting Cryptocurrencies for its IPO
The close High Times is a accepted cannabis-focused account annual that was founded in 1974. The advertisement founded by Tom Forcade letters on the marijuana counterculture and the amends of cannabis. On August 2, 2018, the bequest aggregation appear it is captivation an IPO so individuals can advance in the close by affairs shares. In an abnormal twist, the close has additionally appear it is the aboriginal A banal alms to acquire bitcoin amount (BTC), and ethereum (ETH).
According to High Times, the close filed its Reg. A address which abundant “$29 actor in a abridgement of abrogating equity, cogent decreases in operating losses, and a debt abridgement — with the U.S. Securities & Exchange Commission.” High Times CEO Adam Levin believes abacus cryptocurrency accepting will acquiesce a bigger admirers to participate in the IPO.
“High Times has been at the beginning of accepted ability for added than four decades,” Levin explained during the announcement.
No Initial Coin Offering But Including Crypto Investors
Investors can acquirement shares at $11 a allotment at the website Hightimesinvestor.com, and the aggregation says with the firm’s able online attendance abounding will be absorbed in accomplishing so. Furthermore, High Times has been trending a lot college these days, as the US and added countries common accept been added allowing and alike legalizing marijuana use. High Times says the advertisement is an “important alarm in the amends activism game.” Levin capacity that they didn’t accept in utilizing the new crowdfunding action alleged antecedent bread offerings (ICO), but acquainted they bare to tend to these types of investors.
“Cryptocurrencies accept created a new broker abject beyond the world—we’re aloof giving them added abiding opportunities for investment,” Levin notes.
Many cryptocurrency proponents accept the cannabis and agenda currencies economies are up and advancing industries that will abound exponentially in the future. Crypto supporters are admiring with High Times accepting BTC and ETH for IPO shares as the two beginning sectors are already afresh growing calm duke in hand.
What do you anticipate about High Times accepting ETH and BTC for its antecedent accessible alms (IPO)? Let us apperceive what you anticipate in the animadversion area below.
Images via Shutterstock, and High Times.
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