Trusted cannabis brand High Times announced today that it will become the first ever stock offering to accept cryptocurrencies like Bitcoin and Ethereum. Its current equity-crowdfunding process, under Regulation A+, has already begun the process of bringing in cryptocurrencies.
According to High Times CEO Adam Levin, the addition of cryptocurrencies as an option is to enable a much broader group of investors worldwide.
“High Times has been at the forefront of popular culture for more than four decades,” Levin said. “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.”
High Times filed its latest Reg. A report—detailing almost $29 million in reduction of negative equity, significant decreases in operating losses, and a debt reduction—with the U.S. Securities & Exchange Commission.
The currency of the future
Cryptocurrency, essentially strongly-encrypted digital currency that operates outside of a central bank, has been the subject of heavy discussion over the years. Bitcoin started the idea off in 2009 and ever since has been the leading cryptocurrency by a longshot. As of today, there