Published on August 3rd, 2018 | by bitcoin0
The obvious first, top-level Times will accept the crypto in its initial public offering
Cannabis culture media organization High Times Holding Corp. will accept cryptocurrencies in its Initial Public Offering (IPO), High Times reports Aug. 2.
In doing so, it will reportedly be the “first traditional stock offering ever to accept investments” in cryptocurrencies.
The “preeminent source for cannabis information since 1974” will accept Bitcoin (BTC) and Ethereum (ETH) in an effort to cast a wider net in attracting investors to the company.
The report details $29 million dollars of reduction of negative equity, debt reduction, and decreases in operating losses.
Under the regulation, small businesses can crowdsource up to $50 million from members of the public.