Streetbeat News

MAPS

WM Technology, Inc.

https://www.weedmaps.com

Industry

Software - Application

WM Technology, Inc. provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States, Canada, and internationally. The company offers Weedmaps marketplace that allows cannabis users to search for and browse cannabis products from retailers and brands, and reserve products from local retailers; and information on the cannabis plant, and the industry and advocate related services for legalization. It also provides WM Business suite of monthly subscription-based software solutions, including WM Orders, WM Dispatch, WM Store, WM Dashboard, integrations, and API platform, as well as access to its WM Retail and WM Exchange products. In addition, the company offers advertising solutions; Sprout, a customer relationship management solution; and Cannveya, a delivery and logistics software solution. WM Technology, Inc. was founded in 2008 and is headquartered in Irvine, California.

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Trip.com Group Limited (NASDAQ:TCOM) shares rose nearly 10% in pre-market trading after reporting better-than-expected second-quarter earnings. Several other stocks, including Trinity Biotech and Smart for Life, also saw significant pre-market gains, while others like Nxu, Inc. and QT Imaging Holdings experienced declines.

Portfolio Pulse from Avi Kapoor

August 27, 2024 | 9:48 am

The Benzinga Cannabis Capital Conference will take place in Chicago on October 8-9, 2024, gathering key cannabis industry leaders and investors. The event will feature expert panels, networking opportunities, and discussions on cannabis legalization and market opportunities. Notable speakers include leaders from Verano Holdings, Cresco Labs, Organigram, and more.

Portfolio Pulse from Javier Hasse

August 26, 2024 | 4:23 pm

Roger Stone, a longtime ally of former President Donald Trump, believes that Trump's endorsement of a Florida marijuana legalization initiative would guarantee its victory. Trump has yet to take a definitive stance but has indicated he will make a statement soon. The initiative, Amendment 3, has mixed support and opposition, with significant financial backing on both sides. The measure would allow adults 21 and older to purchase and possess cannabis, potentially generating significant tax revenue for the state.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 3:43 pm

WestPark Capital analyst Casey Ryan has reiterated a Buy rating on WM Tech (NASDAQ:MAPS) and maintained a price target of $2.61.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 9:50 am

WM Technology has issued guidance for Q3 2024, expecting net revenues of $44 million and adjusted EBITDA of $7 million, which is below the consensus estimate of $47.725 million.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 7:40 am

WM Tech (NASDAQ:MAPS) reported Q2 2024 earnings per share (EPS) of $0.01, missing the analyst consensus estimate of $0.03 by 66.67%. However, the company reported sales of $45.903 million, beating the analyst estimate of $43.000 million by 6.75%. Sales decreased by 5.20% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 10:03 pm

WM Technology shares are trading higher following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:41 pm

Several cannabis companies, including Canopy Growth Corporation, WM Technology, Inc., Charlotte's Web Holdings, Inc., Cronos Group Inc., and TILT Holdings Inc., are set to report their earnings for the second quarter of 2024. Canopy Growth is expanding in Europe and has established an at-the-market equity program. WM Technology expects stable sales but lower EBITDA due to increased marketing spend. Charlotte's Web faced a significant revenue decline in the first quarter. Cronos Group saw a 30% increase in net revenue, driven by sales in Canada and Israel. TILT Holdings experienced disruptions in the vape hardware segment but sees growth opportunities in hemp-derived vapes.

Portfolio Pulse from Jelena Martinovic

July 26, 2024 | 2:16 pm

Weedmaps (NASDAQ:MAPS) has partnered with NuggMD to launch a pilot program aimed at streamlining medical cannabis education and application processes. The program is initially active in Florida, Oklahoma, Pennsylvania, West Virginia, and Louisiana. This collaboration aims to improve patient access to medical cannabis through telehealth services and educational resources.

Portfolio Pulse from Juan Spínelli

July 25, 2024 | 1:51 pm

WM Technology has announced a partnership with NuggMD to facilitate a medical cannabis card program through Weedmaps.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:36 pm

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