updated: Sep 19, 2019
September 19, 2019(Newswire.com) –
Wikileaf Technologies Inc. (“Wikileaf” or the “Business”) (formerly Kona Capital Ltd.) is pleased to announce that it has filed its final lengthy-type non-supplying prospectus (the “Prospectus”) with the securities regulatory authorities in each and every of the provinces of Ontario, British Columbia and Alberta. A copy of the Prospectus is obtainable on SEDAR at www.sedar.com.
Wikileaf is also pleased to announce that it has obtained conditional approval on September 9, 2019 from the Canadian Securities Exchange (the “CSE”) for the listing (the “Listing”) of its typical shares beneath the ticker symbol “WIKI”. Assuming all circumstances of Listing are happy, the typical shares of Wikileaf are anticipated to commence for trading on the CSE on Sept. 25, 2019 or such other later date as may well be determined by the Business.
The Business also announces that 13,696,000 subscription receipts of the Business (the “Subscription Receipts”), issued pursuant to its previously announced non-brokered private placement have converted automatically and devoid of qualification by the Prospectus, on a a single-for-a single basis, into 13,696,000 typical shares of the Business, following the satisfaction of the escrow release circumstances. Following the satisfaction of the escrow release circumstances, $five,709,950 escrowed funds are due to be released from escrow to the Business.
Wikileaf is a cost comparison web page for recreational and medicinal cannabis buyers. Wikileaf supplies buyers with immediate cost comparison amongst dispensaries in their instant vicinity. It is majority-owned and operated by Nesta Holding Co. Ltd. (“Nesta”), a private equity firm focused on the worldwide cannabis business. Nesta was founded in 2015 by Chuck Rifici, co-founder of Canopy Development Corporation and Chairman of Auxly Cannabis Group. For a lot more details please check out www.wikileaf.com.
This release consists of particular “forward searching statements” and particular “forward-searching information” as defined beneath applicable Canadian securities laws. Forward-searching statements and details can frequently be identified by the use of forward-searching terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or related terminology. Forward-searching statements and details contain, but are not restricted to, statements with respect to receipt of final approval from the Canadian Securities Exchange and the anticipated timing of commencement of trading. Forward-searching statements and details are primarily based on forecasts of future benefits, estimates of amounts not but determinable and assumptions that, though believed by management to be affordable, are inherently topic to substantial business enterprise, financial and competitive uncertainties and contingencies. Forward-searching statements and details are topic to numerous identified and unknown dangers and uncertainties, a lot of of which are beyond the capacity of the Business to handle or predict, that may well result in the Company’s actual benefits, functionality or achievements to be materially various from these expressed or implied thereby, and are created primarily based on assumptions about such dangers, uncertainties and other aspects set out herein, which includes but not restricted to: the danger that the listing will not be authorized by the Canadian Securities Exchange the inherent dangers involved in the basic securities markets uncertainties relating to the availability and fees of financing necessary in the future the inherent uncertainty of price estimates and the possible for unexpected fees and costs, currency fluctuations regulatory restrictions, liability, competitors, loss of essential staff and other connected dangers and uncertainties. The Business undertakes no obligation to update forward-searching details except as expected by applicable law. Such forward-searching details represents management’s best judgment primarily based on details at present obtainable. No forward-searching statement can be assured and actual future benefits may well differ materially. Accordingly, readers are advised not to location undue reliance on forward-searching statements or details.
The CSE has not in any way passed upon the merits of the listing of the typical shares of Wikileaf and has neither authorized nor disapproved the contents of this news release. Listing of the typical shares of Wikileaf is topic to satisfaction of the listing specifications of the CSE, which includes customary deliverables in satisfaction of the conditional approval.
For a lot more details about Wikileaf, please check out www.wikileaf.com, or comply with us on Twitter @Wiki_Leaf, Instagram @wiki_leaf, Facebook @Wikileaf and YouTube Wikileaf.
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