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.

Open

0.75

Mkt cap

75M

Volume

430K

High

0.81

P/E Ratio

-9.62

52-wk high

1.47

Low

0.75

Div yield

N/A

52-wk low

0.69

Marijuana companies, led by Verano Holdings Corp., Canna Provisions, Wiseacre Farm, and Treevit CEO Gyasi Sellers, are challenging the DOJ's enforcement of cannabis prohibition, arguing it infringes on state rights. They request oral arguments in a Massachusetts federal court to address constitutional questions and the DOJ's stance that cannabis legalization promotes 'tourism' justifying federal prohibition. The case, supported by law firms Boies Schiller and Flexner LLP and Lesser, Newman, Aleo and Nasser LLP, highlights the conflict between state-legal cannabis activities and federal enforcement under the Controlled Substances Act.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 7:26 pm

WM Technology received a delinquency notification from Nasdaq on April 2, 2024, for not complying with listing rules. The company has until June 3, 2024, to submit a plan to regain compliance. This notification does not immediately affect its Nasdaq listing.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 8:25 pm

California's cannabis sector experienced a 5% sales decline in Q4 2023, with taxable sales dropping 8% to $1.25 billion. Despite rising wholesale prices, retailer margins have tightened, indicating decreased profitability. Companies like Gold Flora, StateHouse, and Weedmaps are highlighted for their market presence amidst challenges, including regulatory hurdles and the flourishing underground market. The upcoming Benzinga Cannabis Capital Conference in Florida is noted as a significant event for industry insights.

Portfolio Pulse from Nicolás Jose Rodriguez

April 09, 2024 | 1:19 pm

In Thursday's after-market session, 12 Information Technology stocks showed significant movement. Porch Group, Thoughtworks Holding, Presto Automation, Maxeon Solar Technologies, Kingsoft Cloud Holdings, and Expensify were among the gainers, with increases ranging from 4.43% to 5.5%. Conversely, Casa Systems, Cyngn, WM Tech, Bridgeline Digital, Baijiayun Group, and MariaDB were the losers, with decreases ranging from 4.33% to 8.0%.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 8:31 pm

Following a Florida Supreme Court decision, a report by Pablo Zuanic predicts a 400% growth in Florida's cannabis market if legalization passes in Nov. 2024, potentially increasing the market to $6B. Companies like Cansortium, AYR Wellness, iAnthus, SNDL, Trulieve, Planet 13, Cannabist, Cresco, Verano, and Curaleaf are expected to see significant valuation increases. The report also anticipates increased M&A activity and benefits for ancillary service providers like WM Technology.

Portfolio Pulse from Nicolás Jose Rodriguez

April 03, 2024 | 8:36 pm

California's cannabis sector is experiencing a sales decline, with a recent report from Zuanic & Associates highlighting the market's consolidation potential. Leading brands with financial backing are likely to benefit. The report covers companies like Gold Flora, StateHouse, and Weedmaps, noting a 5% drop in cannabis sales to $1.05 billion in Q4 2023. The sector faces challenges such as tighter retailer margins and legal issues, despite an increase in dispensary licenses. The upcoming Benzinga Cannabis Capital Conference will feature insights from Pablo Zuanic.

Portfolio Pulse from Nicolás Jose Rodriguez

March 29, 2024 | 12:48 pm

A new poll by the American Bankers Association (ABA) reveals that 63% of Americans support allowing marijuana businesses access to banking services. This comes as Congress sees a renewed push for the Secure and Fair Enforcement (SAFER) Banking Act, aimed at protecting banks serving state-licensed cannabis businesses from federal penalties. Senate Majority Leader Chuck Schumer and Senate Banking Committee Chairman Sherrod Brown have expressed high priority for passing the SAFER Banking Act, with bipartisan and bicameral talks being described as productive. The bill, which has faced delays due to disagreements over non-cannabis banking regulations, is gaining momentum with efforts to bring it to the Senate floor this year.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 2:18 pm

Weedmaps (NASDAQ:MAPS), under the leadership of VP Jackie Gonzalez-Becerra, is showcasing its growth and future strategies at the Benzinga Cannabis Capital Conference in Florida, April 16-17, 2024. The company, valued at $142 million with a market cap and $121 million in enterprise value, is highlighted as undervalued at 0.6x sales according to Zuanic & Associates. Despite challenges, Weedmaps aims to expand its market footprint and enhance customer engagement in the evolving U.S. cannabis market.

Portfolio Pulse from Nicolás Jose Rodriguez

March 22, 2024 | 9:06 pm

The article highlights the achievements of 22 influential women in the cannabis industry, emphasizing their leadership, innovation, and contributions. It mentions their participation in the upcoming Benzinga Cannabis Capital Conference in Florida, April 2024. Key figures include Kim Rivers of Trulieve, who has led the company's growth through strategic mergers and acquisitions, and Nancy Whiteman of Wana Brands, recognized for her leadership and the brand's expansion under Canopy Growth Corp. The conference aims to celebrate these women's achievements and offer networking opportunities for cannabis entrepreneurs.

Portfolio Pulse from Abbey Higginbotham

March 08, 2024 | 9:25 pm

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