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Social Life Network Inc (OTCMKTS: WDLF) Decentral Life Steady Run Northbound Brewing as Tech Business Incubator Reports Record Revenues, Prepares to Uplist and Spins Off TBIs

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Social Life Network Inc (OTCMKTS: WDLF) is making a steady run northbound in recent trading moving up 12% on Friday on 43.5 million shares traded or about $122,000 in dollar volume. The stock is currently under heavy accumulation and breaking out northbound from its mid-August highs. From here the first real resistance is at a penny, a level WDLF reached in August of 2021 with the same share structure. On February 9, 2021 WDLF ran to $0.044 highs when OS was roughly half of what it is today meaning if WDLF made a similar run today to the same market valuation it would reach about $0.02 per share. 

It’s easy to see why WDLF is currently under heavy accumulation because there are a lot of big things happening here. With the able guidance of CEO Ken S. Tapp, a Harvard Business School graduate and venture capitalist WDLF is changing its name to Decentral Life, and planning to uplist to a national exchange; NYSE or NASDAQ and just reported record revenues of $500,000 + in Q3 up well over 300% from the $140,000 in revenues in Q2 according to the latest update from the Company. Decentral Life has also collected on accounts receivable and currently has over $350,000 in cash in the treasury. WDLF is an SEC filer and will soon be OTCQB on OTCMarkets, the Company has very little debt of just $540k which is why there has been no dilution and OS has stayed the same over the past year and a half. On September 30, 2022, the Company filed a 1-A-W cancelling a 2 billion shares offering meaning the OS stays the same at 7.39 billion shares outstanding. 


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Social Life Network Inc (OTCMKTS: WDLF) dba Decentral Life is a technology business incubator that is focused on blockchain and AI technology with a goal of taking the Company’s participating in the incubator program and help them reach a liquidity event like an IPO, a security token offering or an acquisition. Decentral Life maintains a 15% stake in these Companies as well as an ongoing licensing agreement with each Company to receive 5% of their revenues. 

MjLink.com Inc. a wholly owned subsidiary of Decentral Life is a cloud-based cannabis social network and digital media company based in Denver, Colorado. MjLink operates as a multinational cannabis technology and digital media organization with four industry specific social networks: WeedLife.com, a consumer-to-consumer social network, MjLink.com, a business-to-business social network, HempTalk.com, a business-to-consumer social network, and MjInvest.com, a cannabis industry investor network that produces the MjMicro Capital Conference. 

The WDLF Token is an Ethereum ERC20 Utility Token that is mined by users of the social networking and e-marketplace platform that is powered by the Social Life technology business incubator program (TBI), a division of Decentral Life. Learn more about the Social Life Network TBI program by going to https://www.WDLF.ai/about-wdlf to support the token there is the WDLF crypto exchange which allows the tokens to be traded for other cryptocurrencies. The WDLF crypto wallet holds WDLF Tokens for cryptocurrency transactions. The initial Coin offering was in January 2022. 

Decentral Life is led by founder and CEO Ken S. Tapp, a Harvard Business School graduate and a founder and co-founder of multiple internet technology companies and worked for years in the internet technology industry, including executive positions at MOVE.com as well as a director or executive at more than two dozen internet technology startups. As a venture capitalist, Mr. Tapp has built and exited, through initial public offerings and acquisitions, 13 technology startups over the past 2 decades. 

The Company’s president is Mr. Todd Markey, a wall street exec who has spent the last decade working in finance and the capital markets and is an expert for micro-cap to small cap companies in expanding their investor and public relations. Additionally, he has assisted companies in the pre-IPO and up-listing process, from the OTC markets onto Nasdaq and NYSE stock exchanges. 

Microcapdaily first covered WDLF on March 2, 2020 a day when the stock ran from $0.0009 to $0.0012. We covered it again on the weekend of December 6, 2020 after the stock had closed at $0.0016 the Friday before as the stock was just embarking on its major run northbound to highs of $0.044 on February 9, 2021, a move of more than 2000% from the pps when this article was written: MjLink Reg A Offering; the Rise of Social Life Network Inc (OTCMKTS: WDLF)

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WDLF

The most exciting part of WDLF by far is its Tech Business Incubator (TBI) program that currently includes: BLOCK, CycleFans, HuntPost, GolfLynk, FutPost, LikeRE, MjLink, RaceScene, RacketStar, and SpaceZE. 

The Company’s sister Company’s netcube accelerator program has seen significant expansion and anticipates going from 4 to 6 Company’s currently to as many as 40 to 60 Company’s going through the program in 2023. Decentral Life is expecting to add a number of new Company’s to its TBI program in 2023 and will be ramping up the program in Q4 in preparation. Part of this growth means increasing office space and to this end, the Company is moving its headquarters to its office in Scottsdale, Arizona and will be expanding into new office spaces in Tempe, Arizona to help support the founders and CEOs of AI and blockchain related Company’s. 

Decentral Life’s TBI Companies have been expanding over the year and the Company will continue to help support the new offices including a new office in Mineral Park, California across the street from Facebook and Instagram’s offices. There is also a new office in Greenwood Park, Colorado as well as a new office in Las Vegas, Nevada supporting in part Mj Link. 

Decentral Life and its TBI’s will be presenting at the Next Deck Walk Investors Conferences on October 10 and 11 this week to approximately 100 retail and institutional investors. Investors in the Company should also be on the lookout in the coming days for another 8k announcing the Company’s next shareholder update. In Q4, Decentral Life will be going on a road show in preparation for an uplisting to NYSE or NASDAQ a task for which Ken S. Tapp and Todd Markey are especially qualified for. The Company will be presenting at multiple micro-cap events giving Decentral Life additional exposure to analysts, high net worth individuals and institutional investors.

 

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Currently trading at a $20 million market valuation WDLF has 7,394,792,892 shares outstanding which has not changed over the past year and a half. The Company has over $350,000 in the treasury, very little debt and just reported record revenues of $500,000 + in Q3 up well over 300% from the $140,000 in revenues in Q2 and the Company’s highest revenues quarter ever. There are a lot of exciting things currently happening at WDLF; last week the Company finalized its months long effort to spin off 2 divisions of Mj Link; the weedlife division and the hemptalk division into separate Companies that shareholders will own a 15% stake in each Company. The remaining assets of Mj Link will then be acquired. HuntPost has been busy working on going public via a SPAC along with a roll out once public of multiple trade shows in the hunting, fishing, camping, outdoor space. Management is working hard behind the scenes in order to get the 10k out early this year in the 3rd or 4th week of October. Also, in Q4 the Company plans to continue to work with and support HuntPost, hemptalk as well as weedlife in their liquidity events and prepare for 2023’s growth with the Company’s TBI program. Decentral Life has a very indepth, corporate website reminiscent of a Company listed on a national exchange. They also do really neat commercials for their TBIs which can be seen here. Currently trading at $0.0028 and moving northbound steadily WDLF has a ton of room for growth from current levels and with a significantly stronger Company then they were in early 2021 the stock could dwarf that run under the right market conditions. We will be updating on WDLF when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with WDLF.

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Disclosure: we hold no position in WDLF either long or short and we have not been compensated for this article. We have never spoken to any principals of WDLF or any major shareholders or 3rd parties. Much of the information here comes from the Company’s latest update located here. 

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1 Comment

1 Comment

  1. Jeremy Eisenberg

    October 9, 2022 at 5:41 pm

    They are planning an uplist to the NYSE or NASDAQ, NOT the OTCQB.

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Emerging Markets

Lucy Scientific Discovery’s (NASDAQ: LSDI) Game-Changing Move: A Closer Look at the High Times Acquisition

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On August 8th, 2023, Lucy Scientific Discovery Inc. (NASDAQ: LSDI), a leading developer in the psychedelic drug industry, witnessed an impressive surge in its stock value, gaining approximately 25% in combined trading, including after-hours (AH) trading. The British Columbia-based company made headlines by announcing its strategic move to acquire intellectual property (IP) from the renowned cannabis publication, High Times Holding Corp. (HHC).

Additional Background:

Under this agreement, Lucy will exchange 20% of its shares and a series of payments for access to HHC’s valuable IP portfolio, which includes the rights to generate licensing and royalty income from renowned brands like High Times, 420.com, and Cannabis Cup, along with their associated domain names.

Lucy’s commitment involves making semi-annual payments to HHC over a five-year period, structured around earnings before income, taxes, depreciation, and amortization (EBITDA) generated through the acquired IP. The flexibility exists for Lucy to fulfill these payments either in cash or through stock issuance and the announcement is generating considerable interest.

Furthermore, post-acquisition, Lucy will grant High Times the opportunity to operate retail outlets and distribute THC products bearing these prestigious brands within the United States. This privilege comes in exchange for an annual license fee of $1 million, set to double to $2 million annually once federal legalization of cannabis occurs in the country.

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Leveraging the brand rights secured from HHC, Lucy aims to bolster its revenue streams by expanding and enhancing its existing 18 licensing agreements, both domestically and internationally. These arrangements encompass a wide array of consumer products and merchandise, promising to further establish Lucy’s presence in the global market. The acquisition is expected to be finalized within the coming two weeks, marking a significant strategic move for Lucy Scientific Discovery Inc.

As a result of the acquisition, High Times is now a publicly-traded entity. Lucy anticipates that this agreement will contribute over $10 million in revenue to its financial results in the upcoming year, along with $5 million in EBITDA.

Adam Levin, the Executive Chairman of HHC, expressed optimism about the deal, noting, “This transaction will create exciting new growth opportunities for the High Times brand, under the leadership of Richard Nanula, a seasoned executive with extensive experience in major consumer brands and global corporations.”

Levin also emphasized High Times’ enthusiasm in becoming a significant shareholder of Lucy Scientific Discovery. Notably, Lucy completed its initial public offering and Nasdaq listing in February, offering 1,875,000 shares at $4.00 each.

Richard Nanula, CEO of the British Columbia-based company, shared his outlook on the acquisition, stating, “Lucy expects this acquisition to rapidly generate high-margin revenue within the global cannabis sector.”

In recent developments, Lucy introduced the sleep aid product “Twilight,” which includes amanita muscaria and reishi mushrooms. Additionally, the company joined forces with Wesana Health Holdings Inc. (OTCQB: WSNAF) in March to collaborate on the development of the CBD and psilocybin-based drug SANA-013, targeting conditions such as migraines, cluster headaches, and major depressive disorder.

High Times, founded in 1974, has a rich history, featuring works by renowned writers like Truman Capote and Hunter S. Thompson. Since 1988, its Cannabis Cup has stood as the most prestigious cannabis competition globally, with notable judges including Snoop Dogg, Joe Rogan, Tommy Chong, and other prominent figures in the cannabis industry.

While Lucy’s shares showed a nearly 16% increase to reach $0.68 on the Nasdaq exchange on Friday, it is worth noting that they have experienced a decline of over 77% over the past year.

Macro Trend:

In recent times, our articles have prominently featured cannabis-related topics, reflecting the growing popularity of stocks in this sector. LSDI’s acquisition aligns perfectly with the current climate, as the cannabis industry experiences a significant surge, coinciding with the Health and Human Services (HHS) exploring the possibility of reclassifying cannabis from Schedule I to Schedule III of the Controlled Substances Act.

While many countries around the world have already moved towards decriminalization and legalization, the United States has been relatively cautious in its approach. However, the consideration of such a reclassification represents a potential historic turning point. If such a change were to materialize, it would mark a substantial shift in the regulatory landscape, potentially revitalizing cannabis as an attractive investment opportunity. The industry is already showing signs of reestablishing its market presence and could once again become a noteworthy investment option.

We will update you on LSDI when more details emerge, subscribe to Microcapdaily to follow along!

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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.

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Emerging Markets

WM Technology’s (NASDAQ: MAPS) Stock Surges 91% in Mysterious Rally: What’s Behind the Boom?

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WM Technology’s (NASDAQ: MAPS) stock has exhibited remarkable growth, surging by an impressive 91% since August 16th, 2023. Intriguingly, this surge occurred in the absence of any substantial news or filings from the company, with their most recent release dating back to August 23rd, 2023. This limited information raises the question: What is driving this impressive rally? We will delve into the details below to shed light on the matter.

Cannabis Industry:

If you’ve been following our newsletter, you may have noticed our recent article spotlighting Flora Growth Corp. (NASDAQ: FLGC), along with larger players like Cronos Group Inc. (NASDAQ: CRON), and Canopy Growth Corporation (NASDAQ: CGC).

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In case you haven’t had a chance to read it, you can find the article here, featuring a dedicated section on the broader trends shaping the cannabis industry.

For those seeking a quick summary, a significant development has emerged in the cannabis landscape. A high-ranking official at the Department of Health and Human Services (HHS) has proposed moving cannabis from Schedule I to Schedule III of the Controlled Substances Act. This shift marks a historic moment and comes after a comprehensive yearlong investigation requested by President Biden.

It’s worth noting the potential implications of this change for U.S.-based, plant-touching marijuana companies. Currently, these companies are restricted from trading on major exchanges like the NYSE or NASDAQ and are relegated to smaller markets such as the OTC, or smaller Canadian markets like the TSX, CSE, or NEO.

The CEO of Trulieve Cannabis Corp. (OTC: TCNNF), Kim Rivers delves into these implications in a podcast conversation with a Twitter user known as @stock_mj. She also recommends keeping a close eye on the AdvisorShares Pure US Cannabis ETF (MSOS) as the cannabis sector garners increasing attention from investors.

Weedmap’s Earnings:

To evaluate the potential of MAPS, it’s essential to examine their recent earnings and assess the fundamentals. Here’s a brief overview of the news release.

Revenue: Amounted to $50.9 million, representing a decline compared to the same period in the prior year when it reached $58.3 million.

Net Income: Recorded at $2.0 million for the second quarter of 2023, marking a significant decrease from the previous year’s figure of $19.8 million.

Adjusted EBITDA: Showed substantial improvement, totaling $10.2 million in the second quarter of 2023, as opposed to a negative figure of $(0.6) million in the same period of the prior year.

Cash: As of June 30, 2023, the company held $24.6 million in cash, noteworthy for being entirely debt-free.

WM Technology’s Executive Chair, Doug Francis, underscored the company’s dedication to reinforcing its financial position and delivering sustained growth.

Guidance for the third quarter of 2023:

Revenue: An estimated $47 million.

Non-GAAP Adjusted EBITDA: Approximately $4 million.

It’s important to note that these projections are subject to potential variations based on various factors and developments.

Furthermore, WM Technology announced the transition to Moss Adams LLP as its new independent registered public accounting firm, effective upon the filing of the Quarterly Report on Form 10-Q for the quarter ended June 30, 2023, following the resignation of Baker Tilly US, LLP due to staffing constraints.

Although the company maintains a debt-free status, it’s crucial to recognize that there has been a substantial decline in both revenue and net income. Consequently, it is advisable to exercise caution when considering investment, as the current trajectory of their top-line figures does not exhibit a positive trend.

https://twitter.com/5teelersfan/status/1699102436672299134?s=20

Weedmap’s Strategic Partnership:

Furthermore, the company made another recent announcement regarding its strategic partnership with the producer of “The Freak Brothers,” a celebrated stoner comic series that has captivated audiences for over five decades.

The series follows the adventures of three stoner characters and their cat, who awaken from a 50-year slumber induced by a magical strain of weed in 1969, now navigating life in contemporary San Francisco.

Key highlights of this partnership include in-episode Weedmaps integrations in the upcoming second half of “Freak Brothers” season two, commencing on September 24th. Additionally, exclusive “Smoke & Screen” events will be held across the U.S., bringing together influential figures from both the cannabis and entertainment industries.

“The Freak Brothers” series, based on Gilbert Shelton’s cult classic comic, celebrates its 55th anniversary with a star-studded voice cast for Season 2, featuring Woody Harrelson, John Goodman, Pete Davidson, Tiffany Haddish, Adam Devine, Blake Anderson, Andrea Savage, La La Anthony, ScHoolboy Q, and a special guest appearance by Joe Sikora.

To watch Season 2 of “The Freak Brothers,” visit Tubitv.com, and for cannabis-related information, explore Weedmaps.com. For more on “The Freak Brothers,” visit the official website at www.thefreakbrothers.com.

We will update you on MAPS when more details emerge, subscribe to Microcapdaily to follow along!

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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.

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Emerging Markets

Cannabis Industry Surges: Flora Growth Corp. (NASDAQ: FLGC) Leads the Way with 77% Intraday Jump

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Flora Growth Corp. (NASDAQ: FLGC) experienced a remarkable intraday surge of over 77%. While the company has made significant announcements recently, today’s surge occurred without any specific filings or press releases to explain it. There seems to be something substantial driving this trading frenzy, a broader force impacting the entire asset class.

It’s worth noting that established industry leaders like Canopy Growth Corporation (NASDAQ: CGC) and Cronos Group Inc. (NASDAQ: CRON) have faced significant downtrends in past years. However, today’s market activity also lifted their stocks along with others. To understand this trend, let’s take a closer look at the larger market dynamics at play.

 

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What Happened:

A top official at the Department of Health and Human Services (HHS) has recommended moving cannabis from Schedule I to Schedule III of the Controlled Substances Act, marking a historic shift. This move follows a comprehensive yearlong investigation requested by President Biden.

https://twitter.com/NotFinancialRep/status/1697189406665245149?s=20

In the short term, this won’t significantly impact the cannabis industry, as the Drug Enforcement Agency (DEA) needs to conduct its own review and the federal prohibition on marijuana remains. However, the HHS recommendation, if followed by the DEA, could happen within a year, possibly before the 2024 presidential election.

Long-term implications for the cannabis industry are uncertain, but a key immediate effect would be the elimination of Section 280e of the IRS tax code for cannabis businesses. This provision currently prevents them from claiming standard business deductions, a major financial burden.

While rescheduling won’t directly open up access to institutional banking, it may attract new capital sources due to reduced risk perception among investors. Smaller banks and lenders might become more willing to engage.

Eliminating 280e could also stimulate lending in an industry with high borrowing costs, as companies would have improved cash flow. This might lead to lower interest rates and greater access to operating and expansion capital.

Rescheduling could benefit publicly traded cannabis companies, potentially enticing more exchanges, like the Toronto Stock Exchange, to accept U.S.-based cannabis businesses. It could also encourage Congress to take further action, such as passing the SAFE Banking Act and broader reforms.

Overall, while the exact implications of rescheduling are uncertain, the HHS announcement signals progress toward a post-prohibition reality for the cannabis industry, which is a significant development.

https://twitter.com/S_Andreoni/status/1697289527180562880?s=20

Having set the stage with the broader cannabis industry context, let’s delve into Flora Growth’s recent developments and their implications for the company’s future. Is Flora Growth strategically positioned to leverage the potential easing of restrictions in the cannabis sector?

European Expansion:

Flora Growth just formed a partnership with TruHC Pharma GmbH, a leading medical cannabis expert based in Hamburg, Germany. TruHC holds key certifications for importing, distributing, and manufacturing medical cannabis and is awaiting an EU-GMP license for its cutting-edge cannabis laboratory.

Hendrik Knopp, a respected legal professional and entrepreneur, and his team from TruHC are joining Flora, bringing their extensive expertise in pioneering medical cannabis in Germany. This partnership is seen as very valuable, especially as Germany and the European Union move towards making medical cannabis more accessible to patients.

Clifford Starke, CEO of Flora, expressed excitement about the collaboration, recognizing the potential to contribute to the growth of the medical cannabis industry as regulations evolve. The partnership aims to capture a significant market share in Germany.

Hulk Hogan Partnership:

Flora Growth also just recently entered an exclusive worldwide partnership with WWE legend Hulk Hogan to launch a range of consumer products through Just Brands. These products will include CBD-infused items like pre-rolls, topicals, edibles, and more, which Flora will produce and sell globally. The partnership aims to capitalize on Hulk Hogan’s iconic status and Flora’s global distribution network. The initial agreement is for three years, with potential renewals, targeting $20 million in sales over the first 24 months. Flora will pay royalties and license fees for Hulk Hogan-branded products.

Conclusion:

In summary, the cannabis industry appears ready for a resurgence, buoyed by renewed investor optimism and shifting market dynamics. Our focus today was Flora Growth Corp. (NASDAQ: FLGC) but larger names like Canopy Growth Corporation (NASDAQ: CGC) and Cronos Group Inc. (NASDAQ: CRON) are among the many companies benefitting from this positive trend.

We will update you on FLGC when more details emerge, subscribe to Microcapdaily to follow along!

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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.

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