DENVER, Dec. 14, 2016 (GLOBE NEWSWIRE) -- Social Life Network, Inc. (OTC: WDLF), a business social network and digital marketplace company with media properties in the rapidly expanding legal cannabis industry, is pleased to report a record breaking week of consumer shopping traffic and participating marijuana dispensaries at The WeedLife Network's website, WeedPons.com. In the week leading up to and the week after "Green Friday," the traditional start of the annual holiday shopping season, WeedPons.com received a surge of consumer traffic that tripled its expectation going in to the holiday weekend.
The 2016 Green Friday discount weekend for cannabis dispensary retailers was expected to create an even larger financial windfall from the previous year in sales across legal marijuana markets like Colorado, California and Washington. The outcome of online consumers searching for deals in 2016, compared to 2015 surprised even the experts.
"We expected online consumer traffic on WeedPons.com to double this year over last year's 'Green Friday' and 'Cyber Monday' weekend, so when it tripled to 45k page views a day from Thursday (Thanksgiving) to the following Monday it set off some bells," says Shawn Tapp, CEO and co-founder of The WeedLife Network. "We have been watching the online consumer demographic for deal shoppers change drastically this year, and now we are supporting dispensaries with services in a way that allows them to get ahead of the new trend."
WeedPons participation by cannabis dispensaries is a service that is included in the WeedLife Networks ProListings™ monthly dispensary subscription service. Now ahead of schedule, that service is being upgraded to a more enhanced service that includes a custom customer loyalty mobile application that dispensaries can use to better connect and reward their customers.
One of The WeedLife Networks monthly subscription services that cannabis businesses and dispensaries members can leverage to better connect and communicate with their customers is now estimated to generate as much as $10 million a year in potential revenue by the end of 2018. Management has increased their expectations based on a growing trend of consumer behavior online and through their international social network for cannabis enthusiast.
About WeedLife ®
WeedPons.com is part of the WeedLife Network™ which is a wholly-owned property of Social Life Network, Inc. which trades on OTC Markets under the symbol: WDLF. Social Life Networks, Inc. is a group of over 40 free-to-use and subscription based social websites and marketing apps specifically designed to accelerate the growth of the cannabis industry and shorten the business learning curve for new companies entering the marketplace. More information can be found at http://www.social-life-network.com.
This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.