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A Texas man suspected of killing three people and seriously injuring four in a string of attacks on sleeping southern California men—most of them homeless—had a long criminal history and had been deported from the United States six times, immigration officials said Tuesday night. Ramon Escobar, 47, believed…
The Los Angeles Cultural Heritage Commission on Thursday recommended that the city grant historic cultural monument status to a downtown office complex formerly occupied by the Los Angeles Times.
Preservationists applied for monument status for the three main buildings last July. If their application…
A campaign by preservationists to garner monument status for three buildings the Los Angeles Times occupied for decades will have the support of city staff when the Cultural Heritage Commission meets next week to consider the issue.
The Office of Historic Resources recommended in a recent report…
The “deep state” exists after all. But it turns out that deep state is not made up of the permanent bureaucracy, shadowy intelligence officials, or even Obama administration holdovers; rather it is made up of President Trump’s own senior appointees.
Megyn Kelly, who’s had her own battles with President Trump, is shockingly in his corner … at least when it comes to the anonymous New York Times op-ed author showing his or her face! The “Today” host was leaving NBC Studios in NYC Thursday…
Some 20,000 bees swarmed a hot dog cart near Times Square in New York on Tuesday afternoon, the Guardian reports. But the real news may be that the NYPD has its own beekeeping team. And, per the New York Times , it gets a fair amount of action, with one…
A piece of computer history that helped launch a trillion-dollar company is hitting the auction block, per the AP . A fully functioning Apple-1 being auctioned by Boston-based RR Auction in September is one of only 60 or so remaining of the original 200 that were designed and built by Steve…
Sewell Chan, a New York Times reporter and editor, on Monday was named a deputy managing editor of the Los Angeles Times, where he will assume a key position in a newly minted leadership team when he joins the organization in late September.
The Times has been rebuilding since Los Angeles billionaire…
On Thursday, the well-known cannabis culture brand and publication High Times announced it’s holding an initial public offering (IPO) and that it will be the first regulated A+ stock offering to accept cryptocurrencies.
High Times Takes Another Step Into the Future by Accepting Cryptocurrencies for its IPO
The firm High Times is a popular cannabis-focused monthly magazine that was founded in 1974. The publication founded by Tom Forcade reports on the marijuana counterculture and the legalization of cannabis. On August 2, 2018, the legacy company announced it is holding an IPO so individuals can invest in the firm by buying shares. In an unusual twist, the firm has also revealed it is the first A+ stock offering to accept bitcoin core (BTC), and ethereum (ETH).
According to High Times, the firm filed its Reg. A report which detailed “$ 29 million in a reduction of negative equity, significant decreases in operating losses, and a debt reduction — with the U.S. Securities & Exchange Commission.” High Times CEO Adam Levin believes adding cryptocurrency acceptance will allow a bigger audience to participate in the IPO.
“High Times has been at the forefront of popular culture for more than four decades,” Levin explained during the announcement.
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.
No Initial Coin Offering But Including Crypto Investors
Investors can purchase shares at $ 11 a piece at the website Hightimesinvestor.com, and the company says with the firm’s strong online presence many will be interested in doing so. Furthermore, High Times has been trending a lot higher these days, as the US and other countries worldwide have been more lenient and even legalizing marijuana use. High Times says the publication is an “important beacon in the legalization activism game.” Levin details that they didn’t believe in utilizing the new crowdfunding process called initial coin offerings (ICO), but felt they needed to tend to these types of investors.
“Cryptocurrencies have created a new investor base across the world—we’re just giving them more stable opportunities for investment,” Levin notes.
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.
Many cryptocurrency proponents believe the cannabis and digital currencies economies are up and coming industries that will grow exponentially in the future. Crypto supporters are pleased with High Times accepting BTC and ETH for IPO shares as the two budding sectors are once again growing together hand in hand.
What do you think about High Times accepting ETH and BTC for its initial public offering (IPO)? Let us know what you think in the comment section below.
Images via Shutterstock, and High Times.
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City commission will consider bid to declare Los Angeles Times buildings historic-cultural monumentsJuly 20, 2018 | dailybusinessnews
A bid to gain protected status for three Los Angeles Times buildings moved forward Thursday when the Cultural Heritage Commission agreed to consider an application to make them historic-cultural monuments.
Monument status could hinder a plan to redevelop the downtown L.A. block where they stand….