ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.


24hr ---

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story


Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
Ether Price Analysis
Contact Us

High Times Magazine Not Accepting Crypto During IPO After All




Earlier this month, High Times said it’d be the first to accept digital currency in an IPO. Apparently, that was a whoopsidaisies.

Cannabis advocacy magazine High Times is retracting an earlier statement that the publication would allow investors to use digital currency to buy the company's stock.

According to an August 2 press release, High Times intended to become the first ever stock offering to accept cryptocurrency. The company sought to raise $50 million through its initial public offering (IPO), and apparently saw accepting digital currency as a way to include international investors.

In the press release, High Times CEO Adam Levin stated:

"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."

However, in an August 13 filing with the US Securities and Exchange Commission, High Times rescinded its statement that it would be accepting bitcoin (or any other cryptocurrency for that matter) as a form of payment from investors in return for stock in the company. The filing clarifies:

"[The] press release was distributed in error as the Company will not be accepting Bitcoin as payment for shares. As provided in the Company's subscription agreement related to the offering, the Company will only be accepting check, credit card, ACH or wire transfer as payment for subscription to shares."

One wonders how the management at High Times could have made such an error.

Nathan Graham

Nathan Graham lives in Sparks, Nevada, with his wife, Beth, and dog, Kyia. Nathan has a passion for new technology, grant writing, and short stories. He spends his time rafting the American River, playing video games, and writing.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest High Times, initial public offering or other Ethereum business and finance news.