The Leading Cannabis Price Comparison Platform

The Leading Cannabis Price Comparison Platform

The leading cannabis price comparison platform with Dan Nelson, CEO of Wikileaf. My next guest is CEO of a company of the leading cannabis price comparison platform with more than 3,800 legal recreational dispensaries, medical dispensaries, and brands listed across the U.S. and Canada. Wikileaf is a price comparison platform for recreational and medicinal cannabis consumers. You provide consumers with instant price comparison among dispensaries in their immediate vicinity. Wikileaf displays menus and prices for recreational and medical dispensaries in 7 states (Washington, Oregon, California, Montana, Nevada, Arizona, and Colorado). Wikileaf just recently became one of a handful of cannabis stocks to be listed on the Canadian Securities Exchange (CSE).

The Leading Cannabis Price Comparison Platform

Now, while your company offers customers price comparisons on local medicinal and recreational marijuana, you went chose not to go through a traditional IPO, but instead go public through a reverse takeover, or RTO, via a merger with investment firm Kona Capital. The biggest advantage of an RTO, according to experts interviewed for this article, is timing. A reverse takeover typically takes three to six months to complete. That includes identifying a shell company, beginning a due-diligence process and determining the stock ratio and range. In sharp contrast, IPOs can drag on for more than a year before their trading debut. This is because underwriters need to pore over a private company’s financials, liabilities and assets to intelligently price the stock, and because federal regulators must examine every document to determine whether the firm complies with securities laws and regulations. With an RTO, the due-diligence and review process is simpler and can be completed in less time.