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Pro-cannabis Magazine Changes Its Mind to Accept Crypto in IPO

“This 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,” the journal states. 

Adam Levine, CEO of Extreme Cases, had beforehand acknowledged that acceptance of bitcoin and ether will enlarge the pool of potential merchants. In a submitting with the US Securities and Commerce Payment, Extreme Cases clarified that the announcement was a mistake and that they’d not be accepting bitcoin. 

“This 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,” the journal states. 

Adam Levine, CEO of Extreme Cases, had beforehand acknowledged that acceptance of bitcoin and ether will enlarge the pool of potential merchants. In a submitting with the US Securities and Commerce Payment, Extreme Cases clarified that the announcement was a mistake and that they’d not be accepting bitcoin. 

The fundraising will in all probability be carried out by a Regulation A+ crowdfunding event, moreover referred to as a “mini-IPO”. Regulation A+ permits private corporations to democratize the fundraising course of by enabling shoppers to private a bit of the company. Sooner than Reg A+ selections, private corporations would possibly solely crowdfund from accredited merchants.

The fundraising will in all probability be carried out by a Regulation A+ crowdfunding event, moreover referred to as a “mini-IPO”. Regulation A+ permits private corporations to democratize the fundraising course of by enabling shoppers to private a bit of the company. Sooner than Reg A+ selections, private corporations would possibly solely crowdfund from accredited merchants.

However, no matter its progressiveness, evidently the Extreme Cases should not be going to keen on conducting an ICO.

“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.”

However, no matter its progressiveness, evidently the Extreme Cases should not be going to keen on conducting an ICO.

“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.”

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