Press Launch



up to date: Sep 19, 2019


Wikileaf Applied sciences Inc. (“Wikileaf” or the “Firm”) (previously Kona Capital Ltd.) is happy to announce that it has filed its ultimate long-form non-offering prospectus (the “Prospectus”) with the securities regulatory authorities in every of the provinces of Ontario, British Columbia and Alberta. A replica of the Prospectus is out there on SEDAR at www.sedar.com.

Wikileaf can also be happy to announce that it has obtained conditional approval on September 9, 2019 from the Canadian Securities Trade (the “CSE”) for the itemizing (the “Itemizing”) of its frequent shares below the ticker image “WIKI”. Assuming all circumstances of Itemizing are glad, the frequent shares of Wikileaf are anticipated to begin for buying and selling on the CSE on Sept. 25, 2019 or such different later date as could also be decided by the Firm.

The Firm additionally pronounces that 13,696,000 subscription receipts of the Firm (the “Subscription Receipts”), issued pursuant to its beforehand introduced non-brokered non-public placement have transformed mechanically and with out qualification by the Prospectus, on a one-for-one foundation, into 13,696,000 frequent shares of the Firm, following the satisfaction of the escrow launch circumstances. Following the satisfaction of the escrow launch circumstances, $5,709,950 escrowed funds are because of be launched from escrow to the Firm.

About Wikileaf

Wikileaf is a value comparability web site for leisure and medicinal cannabis customers. Wikileaf offers customers with immediate value comparability amongst dispensaries of their speedy neighborhood. It’s majority-owned and operated by Nesta Holding Co. Ltd. (“Nesta”), a personal fairness agency centered on the worldwide cannabis business. Nesta was based in 2015 by Chuck Rifici, co-founder of Cover Development Company and Chairman of Auxly Hashish Group. For extra data please go to www.wikileaf.com.

Ahead-Wanting Info

This launch comprises sure “ahead wanting statements” and sure “forward-looking data” as outlined below relevant Canadian securities legal guidelines. Ahead-looking statements and data can usually be recognized by way of forward-looking terminology similar to “could”, “will”, “count on”, “intend”, “estimate”, “anticipate”, “imagine”, “proceed”, “plans” or comparable terminology. Ahead-looking statements and data embody, however will not be restricted to, statements with respect to receipt of ultimate approval from the Canadian Securities Trade and the anticipated timing of graduation of buying and selling. Ahead-looking statements and data are primarily based on forecasts of future outcomes, estimates of quantities not but determinable and assumptions that, whereas believed by administration to be affordable, are inherently topic to important enterprise, financial and aggressive uncertainties and contingencies. Ahead-looking statements and data are topic to numerous identified and unknown dangers and uncertainties, a lot of that are past the power of the Firm to regulate or predict, that will trigger the Firm’s precise outcomes, efficiency or achievements to be materially totally different from these expressed or implied thereby, and are developed primarily based on assumptions about such dangers, uncertainties and different elements set out herein, together with however not restricted to: the chance that the itemizing won’t be accepted by the Canadian Securities Trade; the inherent dangers concerned within the common securities markets; uncertainties referring to the provision and prices of financing wanted sooner or later; the inherent uncertainty of price estimates and the potential for sudden prices and bills, forex fluctuations; regulatory restrictions, legal responsibility, competitors, lack of key staff and different associated dangers and uncertainties. The Firm undertakes no obligation to replace forward-looking data besides as required by relevant regulation. Such forward-looking data represents administration’s finest judgment primarily based on data at present out there. No forward-looking assertion might be assured and precise future outcomes could range materially. Accordingly, readers are suggested to not place undue reliance on forward-looking statements or data.

The CSE has not in any means handed upon the deserves of the itemizing of the frequent shares of Wikileaf and has neither accepted nor disapproved the contents of this information launch. Itemizing of the frequent shares of Wikileaf is topic to satisfaction of the itemizing necessities of the CSE, together with customary deliverables in satisfaction of the conditional approval.

Keep Linked

For extra details about Wikileaf, please go to www.wikileaf.com, or comply with us on Twitter @Wiki_Leaf, Instagram @wiki_leaf, Fb @Wikileaf and YouTube Wikileaf.

Media Contact

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Supply: Wikileaf Applied sciences Inc.