Tuesday, September 01, 2020

Spotify Refuses to Air Joe Rogan's Tommy Chong Episode

 Spotify recently signed a licensing deal with Joe Rogan to air episodes of his podcast.  But here's the thing.  Spotify is refusing to air certain episodes.  Anything that's controversial...pro-drugs, pro-trump, pro-gay.  They're not being aired.

Tommy Chong

Alex Jones

Chris D'Elia

and many others are all forbidden.

Joe Rogan refuses to comment on this travesty.

Cheech & Chong Bud Farm achieved Q2 revenue of $1.5M

 VANCOUVER, BC, Aug. 31, 2020 /CNW/ - LEAF Mobile Inc. (TSX.V: LEAF), a leading creator and publisher of counter culture mobile games, today released financial results for the second quarter of 2020. The Company will be hosting a conference call to discuss the second quarter and first-half results, September 1st at 6AM PT/9AM ET. See below for dial-in details.

In the second quarter ended June 30, 2020, LEAF completed its qualifying transaction, which included its acquisition of LDRLY (Technologies) Inc. ("LDRLY").  Prior to the completion of the qualifying transaction on April 17, 2020, LEAF (then known as "Caprice Business Development Canada Inc.") was a "capital pool company" under TSXV policies, and did not have any active business operations.  On completing its qualifying transaction, LDRLY became LEAF's operating entity, through which all operations are conducted,

As such, though the interim financial statements reflect the financial performance of LEAF alone for the period leading up to April 17, and the combined financial performance of LEAF and LDRLY thereafter, the financial statements and corresponding MD&A both include disclosure and analysis of LEAF and LDRLY's combined operations for the entire six month period ended June 30, 2020, as does this news release.

Financial Highlights:

*All amounts in $CAD unless otherwise noted and figures are rounded-up to one decimal place*

Total Revenue was $9.6M in Q2 2020, increasing by $4.4M (+84%) compared to the previous quarter of $5.2M.

First-Half 2020 (1H 2020) Revenues exceeded $14.7M, surpassing Full Year 2019 revenue results of $8.4M a 74% increase, adding +$6.3M to the topline.

Cash Flow from game operations is $2.2M for 1H 2020, increasing $3.7M vs same period 2019 as a result of significant growth across our game portfolio and introduction of new title, Cheech & Chong Bud Farm in Q2.

Q2 Net income Loss of ($0.1M) vs $0.2M net gain in the previous quarter driven primarily by non-recurring costs associated with listing costs1 and one-time costs associated with the launch of new title, Cheech and Chong Bud Farm.

1H 2020 net income was $0.1M after non-recurring costs associated with listing costs1 and one-time costs associated with the launch of new title

LEAF Mobile CEO Darcy Taylor stated, "We have experienced dramatic growth in our game title results, both in first half 2020 and on a quarterly basis. Our record second quarter results have exceeded expectations with quarterly revenue growth across all titles and our newest title Cheech & Chong Bud Farm ahead of plan. Our business performance results to date demonstrate strong execution of our strategy with the goal of efficiently creating highly engaging games that produce lasting player enjoyment."

Game Operations Results

New and Growth Games:

Bud Farm Idle Tycoon achieved Q2 revenue of $7.2M, an increase of $2.7M (+59%) vs the previous. These gains were driven by continued investment in player acquisition and strong total monthly ARPDAU

Cheech & Chong Bud Farm achieved Q2 revenue of $1.5M post 4.20 launch. Supported by increased investment in player acquisition driving DAU (Daily Active User) growth and ARPDAU.