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Thanks Chaka, somethings up here if LB's Electrum Partners invested. Sure hate to miss this one when news breaks!
GLTY,
BP
This request has nothing to do with making a quick buck!
It doesn't take one year to produce the 1st & 2nd Qtr reports and that is why we now have an High Profile International CPA firm. 3rd Qtr is not late and can cover the merger numbers when due. I'm sure the old CPA firm worked on the 1st & 2nd Qtr reports and handed them over in September. I would think the new firm is making any corrections and should be releasing them any day now!
We need to get current ASAP and talk about the merger on another note! This delay only causes uncertainty in investors and Leslie Bocskor must know this. We are not demanding the merger happen right away, however we do expect the company to release the financials that took place before the fact. Many new investors want in, however they are growing weary waiting on the company to just get current.
I have a lot of faith in Leslie Bocskor and believe he is very concerned about the filings being late or he would have not changed CPA firms. He is the new CEO of a company that has a major Stop Sign up, warning new investors to beware! If LB want's to keep and increase his shareholder base, then I'm also sure he knows time is of the essence when it comes to being current on your filings.
For the long investors that have poured their heart and soul into this company, we should see the late financials filed any minute, any day now!
Just my 2-cents and opinion,
BP
And I'm following? Electrum Partners https://www.sec.gov/Archives/edgar/data/1281984/000121390019002245/xslF345X02/ownership.xml
and Tangiers Global https://www.sec.gov/Archives/edgar/data/1281984/000110465920050352/tm2016690d2_sc13g.htm
https://www.mjlink.com/invest
Cowboy, just one anouncement mentioning an LOI about merger with? and BOOOOOM! just like INQD!
Now is the time to buy when it's on the bottom, at a much lower risk and with the highest return! The chance of an RS is always possible, however if it's an Reverse Merger, all I can say is "you know the rest of the story"
Good enough for LB (Electrum Partners), good enough for me! https://www.sec.gov/Archives/edgar/data/1281984/000121390019002245/xslF345X02/ownership.xml
GLTU,
BP
That's what we are all waiting for, real assets!
I hear you...lol
As soon as I mentioned 10 mill on the bid, he get's off...lol
Sorry, meant 10 mill bid at .0028
Sorry, but I seen someone bidding 10 million at .0029.
Good Ask slapping today! https://ih.advfn.com/stock-market/USOTC/indoor-harvest-pk-INQD/trades
100% agree Lakota, ready to make history!
Thx Cowboy...
I agree BennyMojo, soon the top will blow off!
October 1, 2020 Filing is very clear about Fincann!
On March 5, 2020, The Company entered into a material definitive agreement with Fincann Corp., a New York corporation (the “Fincann”). Fincann provides banking related strategies or solutions for the cannabis-related industry through a growing consortium of financial institutions, to help marijuana-related businesses (MRBs) to access essential banking services without complicated workarounds. Due diligence efforts are ongoing.
https://www.otcmarkets.com/filing/html?id=14419735&guid=Th1eUetBNHWuj3h
Got Fincann!
Thanks resx, been loading for awhile now!...
I agree, thank you Shelly...
Agree, it all will all come together soon...
Your welcome and GLTU...
Thanks tothe, that's an interesting find and confirms Leslie Bocskor's long term interest with Indoor Harvest!
November 26, 2019 interview with CEO Ken Tapp and President Todd Markey talk about scaling up its cannabis-focused social networks and events business by launching a capital raise through a Rule 506c of Regulation D, converted into a Regulation A+ offering in 1Q of 2020.
MjLink (WDLF) is a subsidiary 100% owned by private firm Social Life Network. https://microcapdaily.com/the-inside-scoop-on-social-life-network-inc-otcmkts-wdlf/125351/
DS, a lot going on multiple fronts, $50 Mill is huge! https://www.mjlink.com/invest
$50 Mill must be for merging with other Cannabis company's, huge revenue coming into MjLink and eventually uplisting to the Nasdaq.
Got MjLink?
https://www.mjlink.com/invest
The reason I never seen this filing, I was looking for SEC filings under MjLink and Social Life Network. Filings for MjLink are under MjLink.com, INC. https://www.sec.gov/cgi-bin/srch-edgar?text=MjLink.com&first=2019&last=2020
IMO Social Life Network & Fincann accommodate each other in a very unique way!
Company History & Overview
From January 2013 to our incorporation in Delaware on September 20, 2018, we operated as the cannabis division of the SEC reporting publicly traded company, Social Life Network, Inc, a Nevada corporation (hereafter referred to as “Social Life”). Our Chief Executive Officer and Board of Directors has managed our operations since inception. Social Life is publicly quoted under the symbol “WDLF” on the OTC Pink Market. Social Life assumed our expenses until August 6, 2020, at which time Social Life ceased funding our operations as approved by Social Life’s and our Board of Directors. We will fund our operations, including paying Social Life the debt we owe to it, through private equity offerings and/or through this Regulation A Offering, until such time that we generate sufficient revenue for our operations. There are no assurances that we will receive adequate funding for our operations.
Cannabis and Hemp companies face ongoing difficulties around the world with marketing and advertising their products and brands to consumers, both with online and through traditional advertising. The global consumer base for these companies and brands have been growing at an exponential rate, as more and more states, provinces, and countries legalize the use of cannabis and hemp products, either medically or recreationally.
In the United States, according to BDS Analytics, the consumer base has grown to more than 70 Million people who have purchased legal cannabis since Colorado passed the legalization of recreational marijuana on November 6, 2012. We launched MjLink in January of 2013 as a direct response of online advertising and marketing restrictions placed by Google, Facebook, and other social media networks that year.
We are a leading social networking platform and event company that has in part helped expedite the growth of the cannabis industry worldwide. We are one of the largest social and digital media cannabis/hemp related platforms for connecting professionals to businesses, and marketing products to consumers.
Industry Overview
If you think investing in the cannabis industry has run its course, and the early investment opportunities are gone, think again! We have tracked industry data points since launching the MjLink social networking platform in January of 2013, and what you must first understand is that the legal cannabis industry is stuck in its infancy. Why?
This is because the illicit cannabis industry was $53.3 Billion USD a year in the United State prior to Colorado legalizing adult use in January 2014 (the first American State to legalize recreational cannabis use). According to the January 2020 BDS Analytics Report, the United States was only been able to move $12.2 Billion of that $53.3 Billion into the legal cannabis market in 2019.
This means we have a long way to go before the industry matures, and the future estimate, as stated in a report by the New Frontier Data in April 2020, is that the U.S. legal cannabis market is forecast to grow to $30 billion by 2025. This is attributed to more state markets quickly transfer product demand from the illicit market, thereby achieving a key objective of legalization in undercutting the unregulated activities.
Table of Contents
Through the robust growth in current legal markets, cannabis will likewise continue to be a significant generator of new jobs (from 258,437 in 2019, to a projected 743,196 in 2025 - an increase of 188%), and of tax revenues for the federal and state governments ($1.41 billion in 2019, projecting to $4.06 billion in 2025), according to the same report by New Frontier Data --yet another indicator that the cannabis industry is ripe for investment.
Sean Williams, a reporter for The Motley Fool, said in an article on June 2nd, 2019: “Unless you’ve been living under a rock, there’s a pretty good chance you’ve heard about the once-in-a-generation investment opportunity that is the legalized marijuana industry. According to Bank of America analyst Christopher Carey, the cannabis industry could one day offer peak annual sales potential of $166 billion and disrupt industries that currently total $2.6 trillion in yearly sales. Considering that only two countries worldwide have OK’d recreational weed, and just over 40 have legalized medical marijuana, the ceiling for the pot industry is still a ways off.
But when it comes to the biggest individual market opportunities within the marijuana industry, the United States takes the cake (or should I say pot brownie?). Per Carey, the U.S. would account for 34% of the $166 billion in peak annual sales, based on his firm’s modeling”. The complete article can be found at https://www.fool.com/investing/2019/06/02/us-marijuana-sales-may-triple-to-30-billion-by-202.aspx
Global Market Insights, Inc. has recently added a new report on the cannabidiol (CBD, primarily from high producing cannabidiol Hemp) market, which estimates the global market valuation for cannabidiol will cross US$ 89 Billion by 2026. Growing medical applications and increasing sales of cannabidiol derived products in retail stores are two major factors supplementing market growth.
After passing the Farm Bill in 2018, there has been a significant demand for CBD products across the globe especially in developed countries such as the U.S., France, Canada, and Netherlands, among others. The sales of CBD products are also increasing rapidly as cannabidiol-based products contain trace amounts of THC (psychoactive compound) and varied amounts of CBD. Also, many cannabidiol product manufacturing companies have partnered with big retail stores across countries which is expected to double the sales.
According to a GMI report in February of 2020, the neurological conditions application segment is projected to grow with a considerable Combined Annual Growth Rate (“CAGR”) of 51.8% during the forecast timeframe. Cannabidiol has proven to reduce the seizures and nausea associated with few of the neurological conditions such as Parkinson’s disease, Alzheimer’s disease, epilepsy, and others. With around 5.5 million individuals in the U.S. suffering from Alzheimer’s disease and around 1.2% of the total U.S. population suffering from epilepsy, the increasing incidences of neurological disorders will augment the CBD market growth.
By source, the CBD market is segmented into marijuana and hemp. The Hemp segment is expected to grow with a higher CAGR of 53.1% and is predicted to continue this trend throughout the forecast timeframe. Hemp consists of trace amounts of THC, whereas CBD is present in huge amounts, thus CBD based products are being utilized for treating various ailments. Additionally, majority of the countries have only legalized farming of hemp instead of marijuana as it contains THC, which is a psychoactive substance. Thus, owing to the aforementioned factors, the market is expected to gain traction during the coming years.
According to distribution channels in the GMI report, the online CBD segment was valued at USD 1.3 Billion in 2019. Regulations regarding the sales of CBD products have been vague and products cannot be sold directly in many retail stores. Prominent examples of such countries include India, China, Germany, and Malaysia, among others. Online selling platforms such as company websites, Amazon, Alibaba, and Flipkart aids in selling the products without any hassle across the globe, which results in increased adoption.
The report forecasts, Peru cannabidiol market is estimated to grow at more than a 59.5% CAGR_ during 2020-2026, owing to the recent legalization of cannabis and its derivatives for therapeutic and medicinal use. Additionally, favorable climate for the production of cannabis which will allow up to five harvests per year and low-cost labor also contributes to the market growth. Cost-effective conditions and increasing awareness regarding hemp farming and benefits will further create many lucrative opportunities for key market players, thereby driving market growth.
Our Business Overview
Our technology platform consists of four separate and unique private social networks powered by artificial intelligence (AI) and Blockchain technology, with a total of 21 sites and apps in the entire MjLink network. In total, the MjLink network provides the cannabis industry with a singular platform for social networking, product and dispensary search, digital content distribution, advertising, video conferencing and virtual investment conferences, mobile app and website building tools, learning management, and online event solutions. We support user groups that make up the cannabis industry worldwide, attracting an average of more than 4 million visits each month throughout our combined sites and apps, from an average of more than 120 countries worldwide.
Our goal is to become the highest regarded technology and event company in the cannabis and hemp industry worldwide. Due to our unique positioning after 7 years of operations, and having developed four separate and unique social networks that are used in more than 120 countries, we believe that there are considerable monetization opportunities by executing our business plan in which traditional trade shows and conferences are complimented 365 days a year by our niche social networks and business application tools.
We do not cultivate, dispense, or sell hemp, cannabis, or any derivatives of the cannabis plant, such as infused products. 09/29/2020 SEC Filing https://www.sec.gov/Archives/edgar/data/1794790/000147793220005608/mjli_253g1.htm
News!!! $50,000,000 Capital Raise! https://www.mjlink.com/invest
Got WDLF?
Sean Williams, a reporter for The Motley Fool, said in an article on June 2nd, 2019: “Unless you’ve been living under a rock, there’s a pretty good chance you’ve heard about the once-in-a-generation investment opportunity that is the legalized marijuana industry. According to Bank of America analyst Christopher Carey, the cannabis industry could one day offer peak annual sales potential of $166 billion and disrupt industries that currently total $2.6 trillion in yearly sales. Considering that only two countries worldwide have OK’d recreational weed, and just over 40 have legalized medical marijuana, the ceiling for the pot industry is still a ways off.
Got WDLF?
" Leslie Bocskor all in" Social Life Network sold 3,000,000 shares of common stock to Electrum Partners for total cash proceeds of $360,000. Our Director, Mr. Bocksor is the President/Founder of Electrum Partners.https://www.sec.gov/Archives/edgar/data/1281984/000121390019002245/xslF345X02/ownership.xml
Regardless of Federal Regulations, Fincann will prosper!
Fincann Pitch Deck Q&A
It all sounds great, but what happens to Fincann when the federal government deschedules cannabis? It seems your whole cannabis banking business model is short-lived and will become obsolete once this occurs?
Early on, many assumed that immediately following federal de-scheduling normal banking would open up and this industry challenge would be over.
However, contrary to prevailing misunderstanding, bankers’ unwillingness to support the industry is shaped primarily by their own prejudice and lack of knowledge. Providing service to new industry sectors, as well as offering new products, is the decision of the financial institution’s board of directors. These boards are typically composed of individuals whose views are most politely described as “mainstream conservative.” They consider marijuana as in the same category as heroin, methamphetamine, and LSD, or at least a gateway to these “harder” drugs. They visualize hippies, schoolyards, their own kids, pushers and refuse to learn more about it. This attitude has evolved some over the past few years as general awareness and acceptance has seeped in. Additionally, the sky hasn’t fallen in for several years now in states with legal programs. There remains, however, significant resistance to recreational sales and usage.
Federal illegality, and the theoretical risk of both civil and criminal penalties, loss of depository insurance, failed examinations and reputational risk, are convenient pretexts for covering their aversion, based upon how a particular board feels about the industry.
Case in point is federal de-scheduling of hemp and hemp-derived products, notably consumable CBD. It remains a regulated agricultural crop without a regulatory framework in place, especially for CBD. And as such, the FDA considers it largely unapproved for human or animal consumption and therefore a federally prohibited product. Even after the 2018 Farm Bill descheduled hemp extracts, it’s still difficult to find banks willing to support this industry without a regulatory framework and guidelines in place they can depend upon. We hoped for at least an initial framework in place by the end of this year, but now with the FDA’s hands full with COVID-19, the wait may be longer.
So even if Washington deschedules marijuana as early as mid 2021, which is in the realm of possibility, it will likely follow the same track as hemp/CBD as a regulated agricultural product without an adequate regulatory framework yet to be worked out. This will then have to be reconciled with whatever framework is in place for hemp/CBD. For example, the arbitrary line of THC content between hemp and marijuana (0.3%) won’t matter anymore if marijuana is rescheduled.
Except for current THC licensees anxious to defend their expensively won turf. What’s going to happen to dispensaries when 7-11s are quickly going to jump on selling pre-rolls and other related mass-market products? And what’s going to happen to licensed cultivators in New Jersey when it’s much cheaper to grow in the Caribbean? Or processors when it’s cheaper to produce in China?
By far the largest of its kind, the Cannabis Banking Financial Network™ works with about 125 of more than 10,000 banks in the U.S. By the time of federal descheduling, general industry acceptance will have substantially matured and a tsunami of these institutions will be interested in banking the industry and its related cannabis businesses. And both bankers and cannabis-related businesses will need experienced seasoned advisory and products to help them navigate this jungle. Even if Fincann captures only 10% of the market, it will increase its banking network relationships tenfold.
Another of Fincann’s major lines of business is B2C and B2B merchant processing, which yields both initial and monthly recurring income averaging about 1% of merchant sale volume. In a $40B industry, 1% of 10% market share equals $40M. Fincann is conservatively projecting achieving less than half that within 18 months post-money. And by deploying rigorous multi-touch point customer acquisition and retention, this figure will continue to grow irrespective of federal de-scheduling and future regulatory frameworks.https://fincann.com/investment/
Got Fincann?
MJ TV a great source for the Cannabis industry! https://www.mjlink.com/tv
No interviews since February due to Covid-19 https://www.proactiveinvestors.com.au/OTCMKTS:WDLF/Social-Life-Network,-Inc./timeline/all
Cannabis industry in good hands so far! https://www.mjlink.com/tv
Thank you Tim...
Sorry, same here in regards to an Twitter or Facebook account. GLTU