Green Light: High Times Magazine Becomes First IPO to Accept Cryptocurrency

[kreslik.news]

The initial public offering of High Times, a cannabis-focused news outlet, is accepting cryptocurrency as payment. This is the first time that investors have been able to buy a company’s shares in this way.

The IPO opened for investors in June 2018 on the Nasdaq stock exchange. According to documentation filed with the US Securities and Exchange Commission, the company is offering 454,545 shares for $11 each. The firm is valued at $50 million.

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A new investor base

CEO Adam Levine said: “Cryptocurrencies have created a new investor base across the world—we’re just giving them more stable ... (read more)