updated: Nov 29, 2019
November 29, 2019(Newswire.com) –
Wikileaf Technologies, Inc. (the “Firm”) (CSE: WIKI) is pleased to announce that it has filed its unaudited quarterly monetary statements (the “Q3 Financials”) and management’s discussion and evaluation (the “Q3 MD&A”) for the 3 and nine months, ended Sept. 30, 2019 (the “Third Quarter”). Each are obtainable below the Company’s profile on SEDAR at www.sedar.com and on the Company’s site at www.wikileaf.com.
“We created considerable progress toward a quantity of our important corporate initiatives in the third quarter,” stated Dan Nelson, chief executive officer of Wikileaf Technologies. “We completed our public listing on the CSE, accelerated our website traffic acquisition, created important executive hires and ready to initiate our monetization tactics.”
“With the completion of these milestones and the proceeds of our current financing, we are effectively-positioned to execute on our plans to advance the company towards our ambitions in 2020.”
Third Quarter 2019 Operational and Other Economic Highlights
- Economic Final results: The Q3 Financials disclose a loss of $1.65 million in the Third Quarter.
- Typical Month-to-month Website Targeted traffic: 925.7 thousand on typical for the quarter ending Sept. 30, 2019, an improve of 156% year-more than-year.
- Typical Month-to-month Website Customers: 675.9 thousand on typical for the quarter ending Sept. 30, 2019, an improve of 136% year-more than-year.
- Active U.S. Dispensary Places: four,655 U.S. licensed dispensaries for the month ending September 2019, an improve of 102% year-more than-year.
- Money: Money was $five.73 million as of Sept. 30, 2019.
Wikileaf is a value comparison platform for recreational and medicinal cannabis shoppers. Wikileaf supplies shoppers with immediate value comparison amongst dispensaries in their quick vicinity.
This release includes particular “forward-seeking statements” and particular “forward-seeking information” as defined below applicable Canadian securities laws. Forward-seeking statements and facts can usually be identified by the use of forward-seeking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or related terminology. Forward-seeking statements and facts incorporate, but are not restricted to, statements with respect to the Company’s monetization tactics and 2020 ambitions. Forward-seeking statements and facts are primarily based on forecasts of future outcomes, estimates of amounts not but determinable and assumptions that, although believed by management to be affordable, are inherently topic to considerable company, financial and competitive uncertainties and contingencies. Forward-seeking statements and facts are topic to numerous identified and unknown dangers and uncertainties, numerous of which are beyond the capability of the Firm to handle or predict, that may well bring about the Company’s actual outcomes, functionality or achievements to be materially diverse from these expressed or implied thereby, and are created primarily based on assumptions about such dangers, uncertainties and other things set out herein, such as but not restricted to: the inherent dangers involved in the basic securities markets uncertainties relating to the availability and fees of financing required in the future the inherent uncertainty of expense estimates and the prospective for unexpected fees and costs, currency fluctuations regulatory restrictions, liability, competitors, loss of important staff and other associated dangers and uncertainties. The Firm undertakes no obligation to update forward-seeking facts except as needed by applicable law. Such forward-seeking facts represents managements’ finest judgment primarily based on facts at present obtainable. No forward-seeking statement can be assured and actual future outcomes may well differ materially. Accordingly, readers are advised not to spot undue reliance on forward-seeking statements or facts.
For additional facts about Wikileaf, please check out www.wikileaf.com, or adhere to us on Twitter @Wiki_Leaf, Instagram @wiki_leaf, Facebook @Wikileaf and YouTube Wikileaf.
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