High Times Holding Corp, the popular marijuana themed brand and publisher of High Times magazine, announced they will be accepting Bitcoin and Ethereum investments for their upcoming IPO. The move would make High Times the first traditional stock offering to accept cryptocurrencies.
“High Times has been at the forefront of popular culture for more than four decades. Now we’re taking another step into the future, as not only 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.”
-High Times CEO Adam Levin.
When asked why they did not opt to go the route of an ICO, the company stated that all though they didnt believe an ICO would be the right move, they do believe in cryptocurrencies and thought it would be foolish to leave out crypto investors.
“Cryptocurrencies have created a new investor base across the world – we’re just giving them more stable opportunities for investment.”
With the money raised by the IPO, High Times plans on expanding content creation, product lines, and event productions. High Times has been the leading authoritative voice of cannabis culture since 1974. The company has been a vocal advocate for the legaliziation of marijuana as well as a staple in the industry’s legal entrepreneur growth.
The Reg A share “HITM” price will be set at $11, a ten percent discount from the opening price. Minimum investment is $99. Shares can even be bought with out a brokerage.
Visit hightimesinvestor.com for more information.