FORWARD-LOOKING STATEMENTS

This document contains "forward-looking statements". All statements other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws, including, but not limited to, any projections of earnings, revenue or other financial items; any statements of the plans, strategies and objections of management for future operations; any statements concerning proposed new services or developments; any statements regarding future economic conditions or performance; any statements or belief; and any statements of assumptions underlying any of the foregoing.






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Forward-looking statements may include the words "may," "could," "estimate," "intend," "continue," "believe," "expect" or "anticipate" or other similar words. These forward-looking statements present our estimates and assumptions only as of the date of this report. Except for our ongoing securities laws, we do not intend, and undertake no obligation, to update any forward-looking statement.

Although we believe that the expectations reflected in any of our forward- looking statements are reasonable, actual results could differ materially from those projected or assumed in any or our forward-looking statements. Our future financial condition and results of operations, as well as any forward-looking statements, are subject to change and inherent risks and uncertainties.





Overview

We are a Nevada corporation formed on August 30, 1985. Our headquarters are in Denver, Colorado. We have been engaged in our current business model since June of 2016, as a result of our having been discharged from a receivership and acquiring Life Marketing, Inc., which was in a different industry as our previous business.

We have experienced recurring losses and negative cash flows from operations since inception, including in our current business model. We anticipate that our expenses will increase as we ramp up our expansion, which likely will lead to additional losses, until such time that we approach profitability, or which there are no assurances. We have relied on equity financing to fund operations. There can be no guarantee that we will ever become profitable, or that adequate additional financing will be realized in the future or otherwise may be available to us on acceptable terms, or at all. If we are unable to raise capital when needed, we would be forced to delay, reduce or eliminate our expansion efforts. We will need to generate significant revenues to achieve profitability, of which there are no assurances.





Trends and Uncertainties

Our business is subject to the following trends and uncertainties:





    ?   Expansion of live streaming on Facebook could sway our users to spend more
        time away from our Networks.




    ?   Social video is generally reaching saturation across social networks in
        general.




    ?   Social platforms embrace strong governance policies, i.e. when content is
        inappropriate or violates end user agreement, how much content is posted
        on our Networks may be affected.




    ?   Brands fatigue from new tools and tactics on social networks could result
        in fewer users embracing some of our new business and E-Commerce tools on
        our Networks.




Going Concern

The accompanying consolidated financial statements have been prepared on a going concern basis, which assumes that we will be able to realize our assets and discharge our liabilities and commitments in the normal course of business for the foreseeable future. The Company had an accumulated deficit of $31,887,273 at June 30, 2020, had a net loss of $323,779, and gained net cash of $3,878 for the six months ended June 30, 2020. These factors raise substantial doubt about our ability to continue as a going concern. Our ability to continue as a going concern is dependent upon our generating profitable operations in the future and/or to obtain the necessary financing to meet our obligations and repay our liabilities arising from normal business operations when they come due. Our management intends to finance operating costs over the next nine months with existing cash on hand and the sale of our common stock. While the we believe that we will be successful in obtaining the necessary financing and generating revenue to fund our operations, meet regulatory requirements and achieve commercial goals, there are no assurances that such additional funding will be achieved and that we will succeed in its our future operations.






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We will attempt to overcome the going concern opinion by increasing our revenues, as follows:





  ? By licensing additional Social Network and E-Commerce Platforms;




    ?   By increasing our marketing staff to enhance our "WeedLife" brand to
        cannabis/hemp related consumers and businesses located throughout the
        world;




    ?   By increasing our social media staff to increase our monthly network
        traffic from our current 30 million-page views, to support the sales staff
        growth in online advertising sales on our cannabis/hemp related websites
        and mobile apps;




    ?   By increasing our sales staff for online advertising and monthly digital
        subscription sales on our cannabis/hemp related websites and mobile apps;




    ?   By increasing our licensee tech and R&D support to Sports Social Network
        for the increase of membership acquisition, page view traffic, online
        advertising sales and E-Commerce transactions on all of our sports social
        network websites and mobile apps; and




    ?   By increasing our licensee tech and R&D support to Real Estate Social
        Network. for the sales of online advertising and monthly digital
        subscription services to real estate professionals on our social network
        in the international real estate community.

The foregoing goals will increase expenses and lead to possible net losses. There is no assurance that we will ever be profitable or that debt or equity financing will be available to us. The consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should we be unable to continue as a going concern. There is no assurance we will be successful in any of these goals.






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Segment Information

The Company has one reportable segment called MjLink.com Inc. the leading social networking platform and virtual event company of the cannabis industry worldwide. MjLink is one of the largest cannabis and hemp technology platforms for connecting professionals and consumers together.

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