RATE Group | High Times Launches First Ever IPO to Accept Bitcoin, Ethereum
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High Times Launches First Ever IPO to Accept Bitcoin, Ethereum

03 Aug High Times Launches First Ever IPO to Accept Bitcoin, Ethereum

Posted at 19:26h in Ethereum News by

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Bitcoin Cannabis

High Times, a prominent New York publication advocating cannabis usage, is breaking new ground in the cryptocurrency world by accepting crypto during its IPO, the first ever stock offering to do so.

High Times CEO Adam Levin said:

“High Times has been at the forefront of popular culture for more than four decades. Now we’re taking another step into the future, not only as one of the first cannabis-related brands to go public on the Nasdaq but also as the first to allow Bitcoin and Ethereum as part of our public capital raise.”

The offering is compliant with SEC Regulation A+ and has already begun taking in cryptocurrency investments. Regulation A+ enables accessible crowdfunding without being limited to wealthy accredited investors only, opening up the IPO to more people.

High Times filed a Regulation A+ report that showed a $29 million reduction in negative equity as well as significantly decreased operational costs and a debt reduction to boot, making a strong case…

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