High Times IPO will be the first to accept Bitcoin investments

  • August 6, 2018
  • 5:09 am ET

Image via High Times

High Times will accept cryptocurrency investments in their ongoing Regulation A+ IPO which caters to smaller investors that might not normally get the chance to participate in a public stock offering.

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The “original voice of cannabis,” High Times, has announced that they will be first company offering to accept Bitcoin investments in their ongoing Initial Purchase Offering (IPO).

Hightimes Holding Corp. is offering 4,545,454 shares of Class A Common Stock with the proposed Nasdaq ticker symbol HITM. The share price is $11.00 USD per share, and investors are required to purchase a minimum of 9 shares in order to participate in the Regulation A+ IPO.

A Regulation A+ IPO differs from a traditional IPO in a way that opens up IPO investing to smaller investors who might otherwise not be able to participate. This type of offering is exempt from SEC and state securities law registration and enables shares to be sold to both accredited and non-accredited investors.

High Times CEO Adam Levin commented on his reasoning for wanting to accept cryptocurrency:

“Cryptocurrencies have created a new investor base across the world – we’re just giving them more stable opportunities for investment.”

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Levin continued, commenting here on their crowdfunding approach:

“Beginning with our Reg. A+ crowdfunding, we’ve been focused on giving everyone from retail investors to long-time fans more ways to own a piece of High Times. While we didn’t believe that the ICO process was the right move for our brand, it would’ve been foolish to leave this emerging investor base out as we continue to transform into a diversified media, events and merchandise giant.”

Investors are now able to purchase shares in High Times with Bitcoin, or via a wire transfer or e-check, at HighTimesInvestor.com.


Via High Times • h/t CNBC

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