Saturday, December 05, 2020 2:55:05 PM
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On September 20, 2018, the Company incorporated MjLink.com, Inc. (“MjLink”), a Delaware Corporation. On September 20, 2018, the Company incorporated MjLink.com, Inc. (“MjLink”), a Delaware Corporation. MjLink.com, Inc. filed its Form 1-A to qualify for an Regulation A Tier 2 initial public offering on February 13, 2020 and the qualification of the Form 1-A was on September 28th, 2020. As of September 28th, 2020 the Company now owns 15.17% of MjLink’s outstanding common stock shares, and will own 2.26% of MjLink's outstanding common stock if the total of $50,000,000 is raised through the Regulation A Tier 2 offering.
MjLink.com Inc.
Prior to its incorporation in Delaware on September 20, 2018, MjLink functionally operated as the Company’s cannabis division. As of the date of this filing, the Company has 800,000 Class A shares of MjLink.com, Inc. MjLink is currently raising capital at $1 per share through a Reg D 506(c) offering. MjLink also filed a Form 1-A in February of 2020 to qualify for a Reg A Tier 2 offering to raise up to $50,000,000 at $2.50 a share. On September 22, 2020, the SEC issued a Notice of Qualification regarding the MjLink 1-A.
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Table of Contents
MjLink.com is a leading social networking platform and SaaS company that has in part helped expedite the growth of the cannabis industry worldwide. MjLink is one of the largest cannabis and hemp technology platforms for connecting professionals and consumers together.
MjLink’s technology platform consists of four separate and unique private social networks 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.
Neither the Company or MjLink cultivate, dispense or sell hemp, cannabis or any derivatives of the cannabis plant, such as infused products. As of the date of this filing, the Company generates revenue from MjLink through a combination of licensing of the Company platform and a percentage of fees generated from advertising and SaaS subscriptions sold.
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