Contrary to expectations and a company press release, the pot-centric publication High Times told the Securities and Exchange Commission it made a mistake and will not be accepting bitcoin (BTC) when it holds its initial public offering.
In its filing High Times told the federal regulator its press release of Aug. 3 was wrong, and that the company would not be accepting bitcoin. The company is hoping to earn $50 million from the IPO, according to CoinDesk. The planned end date is Sept. 12.
However, as CoinDesk pointed out, the original press release said the company would be accepting bitcoin and ether (ETH). The SEC filing does not mention ether, although it does state only checks, credit cards, automated clearing house (ACH) or wire transfers will be accepted as payment.
Does the correction now have to be corrected? CoinDesk is still waiting to hear about that from High Times. Read more here.