updated: Sep 19, 2019 16:59 EDT
September 19, 2019(Newswire.com) –
Wikileaf Technologies Inc. (“Wikileaf” or the “Enterprise”) (formerly Kona Capital Ltd.) is pleased to announce that it has filed its final lengthy-kind non-supplying prospectus (the “Prospectus”) with the securities regulatory authorities in every single 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 situations 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 might be determined by the Enterprise.
The Enterprise also announces that 13,696,000 subscription receipts of the Enterprise (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 1-for-1 basis, into 13,696,000 typical shares of the Enterprise, following the satisfaction of the escrow release situations. Following the satisfaction of the escrow release situations, $five,709,950 escrowed funds are due to be released from escrow to the Enterprise.
Wikileaf is a cost comparison web site for recreational and medicinal cannabis buyers. Wikileaf supplies buyers with immediate cost comparison amongst dispensaries in their quick vicinity. It is majority-owned and operated by Nesta Holding Co. Ltd. (“Nesta”), a private equity firm focused on the international cannabis sector. Nesta was founded in 2015 by Chuck Rifici, co-founder of Canopy Development Corporation and Chairman of Auxly Cannabis Group. For much more details please stop by www.wikileaf.com.
This release consists of specific “forward hunting statements” and specific “forward-hunting information” as defined beneath applicable Canadian securities laws. Forward-hunting statements and details can typically be identified by the use of forward-hunting terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or comparable terminology. Forward-hunting 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-hunting 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 substantial business enterprise, financial and competitive uncertainties and contingencies. Forward-hunting statements and details are topic to many identified and unknown dangers and uncertainties, a lot of of which are beyond the capability of the Enterprise to handle or predict, that might bring about the Company’s actual outcomes, functionality 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 things set out herein, like but not restricted to: the threat that the listing will not be authorized by the Canadian Securities Exchange the inherent dangers involved in the common securities markets uncertainties relating to the availability and charges of financing required in the future the inherent uncertainty of price estimates and the prospective for unexpected charges and expenditures, currency fluctuations regulatory restrictions, liability, competitors, loss of crucial personnel and other associated dangers and uncertainties. The Enterprise undertakes no obligation to update forward-hunting details except as expected by applicable law. Such forward-hunting details represents management’s best judgment primarily based on details presently obtainable. No forward-hunting statement can be assured and actual future outcomes might differ materially. Accordingly, readers are advised not to spot undue reliance on forward-hunting 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 needs of the CSE, like customary deliverables in satisfaction of the conditional approval.
For much more details about Wikileaf, please stop by www.wikileaf.com, or comply with us on Twitter @Wiki_Leaf, Instagram @wiki_leaf, Facebook @Wikileaf and YouTube Wikileaf.
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