Social Life Network (WDLF)
Momentum & Growth

Social Life Network (WDLF) Rises 7000% In 5 Days

Just five days ago, Social Life Network (WDLF) was trading in the quadruple zeroes at $.000098. After this week’s move, shares are now up over 7000%. This certainly makes Social Life Network (WDLF) so far the biggest runner of December.

Social Life Network (WDLF) Daily Chart

As we have stressed repeatedly to our subscribers, the key to trading penny stocks is finding momentum BEFORE it happens. We got our subscribers in early on TSNP, which you can read our latest hereENZC, which you can read about here, and recently CBDD, which you can read here.

Unfortunately, we missed the move in Social Life Network (WLDF). You can’t catch them all and we still have a great track record going, which you can view here.

In this article, we take a close look at what’s happening with Social Life Network (WDLF) and its subsidiary Mjlink.com.

Social Life Network (WDLF)

First up, here’s a little background info for those not familiar with Social Life Network (WDLF). Social Life Network is an artificial intelligence and blockchain-powered social network and e-commerce technology company.

Since the launch of the company in January of 2013, the Company has launched niche industry social networks to service the millions of business professionals and consumers in the residential real estate industry, the legal global cannabis industry, sports verticals including racket sports, golf, cycling, soccer, hunting, fishing and camping.

Social Life Network (WDLF) and Mjlink.com

What’s been driving the price action in Social Life Network is its stake in Mjlink.com. MjLink, a leading social networking platform in the cannabis industry worldwide, is the publisher of MjLink.com, WeedLife.com, HempTalk.com, and MjInvest.com, which individual social networks connect business professionals to one another, consumers together with other industry enthusiasts, CBD companies to distributors and consumers, and industry C-suite executives with institutional investors, respectively.

The MjLink social network platform was launched in 2013 and has become one of the largest social platforms used in the cannabis industry worldwide, accessed each month by users from more than 120 countries.

$5 Million 506(c) Private Placement and $50 Million Reg A Offerings

MjLink.com, Inc. is seeking to raise up to $5 million in a Regulation D Rule 506(c) Offering and up to $50 million through a Regulation A Tier 2 initial public offering that the SEC qualified on September 28th, 2020.

The Reg D 506(c) Private Placement Memorandum to Accredited Investors only may be accessed at https://www.mjlink.com/506c; the Reg A Offering Memorandum for non-accredited investors is available at https://www.MjLink.com/invest.

The Shares sold in the Reg D 506(c) Offering are subject to the applicable Rule 144 holding period; the Shares sold in the SEC Qualified Reg A Offering will be free trading.

MjLink.com, Inc. was incorporated in September 2018 and operated as a subsidiary and Cannabis Division of Social Life Network (WDLF) until August 6, 2020, at which time Social Life ceased funding MjLink’s operations, MjLink began operating independently of Social Life, and MjLink funded its own operations.

Social Life currently holds 15.17% of MjLink’s outstanding common stock shares.

MjLink set its post-money valuation at $133,043,057 assuming the sale of all 25 million shares for $55 million, through the combined Reg A and Reg D offerings, totaling 60,474,943 acquirable issued and outstanding common stock shares. The Offerings’ proceeds will allow MjLink to expand its international users for each of its four niche social networks (MjLink.com, WeedLife.com, HempTalk.com, and MjInvest.com) and enable MjLink to pursue its acquisition/expansion strategy of acquiring other technology and media companies in the global cannabis industry.

CEO Ken Tapp’s Focus

The focus right now for CEO Ken Tapp is on the offering for Mjlink.com. If he can complete the offering, he plans to list Mjlink.com on NASDAQ or NYSE. The potential for Mjlink.com is enormous if CEO Ken Tapp can raise the funds. That’s the big question mark; however, with millions of users on its platforms, CEO Ken Tapp plans to tap those users as investors. With Regulation A Tier 2 initial public offering, he aims to do that.

The LinkedIn Of Cannabis

Mjlink.com is a B2B social network that operates like LinkedIn. Cannabis industry professionals can network via online and at regional events.

The Facebook of Cannabis

Mjlink.com also owns weedlife.com, a C2C social network that aims to be the Facebook of cannabis. Launched in 2013, it is now the largest cannabis-only network in the world.

Weedlife is primarily used by consumers and caregivers online, as well as budtenders and dispensaries to connect with their customers.

Big Growth Potential 

From the company’s pitch deck, they forecast huge revenue growth.

Mjlink.com also owns hemptalk.com and mjinvest.com

Social Life Network (WDLF) Bottom Line

Social Life Network (WDLF) is an exciting story among small caps. However, the disclosure that Social Life Network (WDLF) now only owns 15.17% of MjLink’s outstanding common stock shares should give investors pause. Social Life Network (WDLF) was running based on the assumption that Social Life Network (WDLF) still owned 100% of Mjlink.com.

MjLink set its post-money valuation at $133,043,057 assuming the sale of all 25 million shares for $55 million, through the combined Reg A and Reg D offerings, totaling 60,474,943 acquirable issued and outstanding common stock shares.

A 15.17% stake in Mjlink would be worth $20 million. At $.0071 a share, Social Life Network (WDLF) has a current market cap of $28 million. If you look at its current financials, the quarter ending September 30th, the company reported just $69k in revenues.

If you look on YouTube, the company has been raising money for Mjlink for years now. Raising the full $55 million is not guaranteed. This video is from November 2019.

Based on what we are seeing, if you have big gains in Social Life Network (WDLF), best off booking profits. Not every stock is going to be the next TSNP.

As always, good luck to all (except the shorts)!

WHEN INSIDER FINANCIAL HAS A STOCK ALERT, IT CAN PAY TO LISTEN. AFTER ALL, OUR FREE NEWSLETTER HAS FOUND MANY TRIPLE-DIGIT WINNERS FOR OUR SUBSCRIBERS. WE SPECIALIZE IN FINDING MOMENTUM BEFORE IT HAPPENS!

Disclosure: We have no position in any of the securities mentioned. We wrote this article ourselves and it expresses our own opinions. We are not receiving compensation for it. We have no business relationship with any company whose stock is mentioned in this article. Insider Financial is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This article is not a solicitation or recommendation to buy, sell, or hold securities. This article is meant for informational and educational purposes only and does not provide investment advice.

Image by Mediamodifier from Pixabay

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Social Life Network (WDLF) Rises 7000% In 5 Days
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