updated: Nov 29, 2019
November 29, 2019(Newswire.com) –
Wikileaf Technologies, Inc. (the “Enterprise”) (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 out there below the Company’s profile on SEDAR at www.sedar.com and on the Company’s site at www.wikileaf.com.
“We produced important progress toward a quantity of our crucial 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 visitors acquisition, produced crucial executive hires and ready to initiate our monetization methods.”
“With the completion of these milestones and the proceeds of our current financing, we are properly-positioned to execute on our plans to advance the organization towards our ambitions in 2020.”
Third Quarter 2019 Operational and Other Monetary Highlights
- Monetary Benefits: The Q3 Financials disclose a loss of $1.65 million in the Third Quarter.
- Typical Month-to-month Web-site Site visitors: 925.7 thousand on typical for the quarter ending Sept. 30, 2019, an enhance of 156% year-more than-year.
- Typical Month-to-month Web-site Customers: 675.9 thousand on typical for the quarter ending Sept. 30, 2019, an enhance of 136% year-more than-year.
- Active U.S. Dispensary Places: four,655 U.S. licensed dispensaries for the month ending September 2019, an enhance of 102% year-more than-year.
- Money: Money was $five.73 million as of Sept. 30, 2019.
Wikileaf is a cost comparison platform for recreational and medicinal cannabis buyers. Wikileaf supplies buyers with immediate cost comparison amongst dispensaries in their instant vicinity.
This release includes specific “forward-searching statements” and specific “forward-searching information” as defined below applicable Canadian securities laws. Forward-searching statements and details can normally be identified by the use of forward-searching terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or comparable terminology. Forward-searching statements and details consist of, but are not restricted to, statements with respect to the Company’s monetization methods and 2020 ambitions. Forward-searching statements and details are primarily based on forecasts of future outcomes, estimates of amounts not however determinable and assumptions that, though believed by management to be affordable, are inherently topic to important organization, financial and competitive uncertainties and contingencies. Forward-searching statements and details are topic to different recognized and unknown dangers and uncertainties, several of which are beyond the potential of the Enterprise to manage or predict, that might trigger the Company’s actual outcomes, overall performance or achievements to be materially distinct from these expressed or implied thereby, and are created primarily based on assumptions about such dangers, uncertainties and other elements set out herein, like but not restricted to: the inherent dangers involved in the basic securities markets uncertainties relating to the availability and expenses of financing necessary in the future the inherent uncertainty of expense estimates and the possible for unexpected expenses and costs, currency fluctuations regulatory restrictions, liability, competitors, loss of crucial staff and other connected dangers and uncertainties. The Enterprise undertakes no obligation to update forward-searching details except as essential by applicable law. Such forward-searching details represents managements’ greatest judgment primarily based on details presently out there. No forward-searching statement can be assured and actual future outcomes might differ materially. Accordingly, readers are advised not to spot undue reliance on forward-searching statements or details.
For additional details about Wikileaf, please pay a visit to www.wikileaf.com, or stick to us on Twitter @Wiki_Leaf, Instagram @wiki_leaf, Facebook @Wikileaf and YouTube Wikileaf.
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