WM Holding Company, LLC provides software and technology solutions to the cannabis industry. It operates Weedmaps, an online directory of cannabis retailers and information site for cannabis producers and consumers; and provides cloud-based software as a service and data solutions to cannabis retailers and major brands. The company was founded in 2008 and is headquartered in Irvine, California.
IPO Year: 2019
Exchange: NASDAQ
Website: weedmaps.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/8/2022 | $5.00 → $2.00 | Buy → Hold | Truist |
| 8/10/2022 | Buy → Neutral | BTIG Research | |
| 8/10/2022 | $8.00 → $4.00 | Overweight → Neutral | Piper Sandler |
| 8/10/2022 | $10.00 → $3.20 | Buy → Hold | Stifel |
| 2/24/2022 | $14.00 → $9.00 | Overweight | Piper Sandler |
| 2/24/2022 | $6.25 → $7.65 | Overweight | Cantor Fitzgerald |
| 1/25/2022 | $11.00 → $6.25 | Overweight | Cantor Fitzgerald |
| 11/23/2021 | $11.00 | Overweight | Cantor Fitzgerald |
| 11/12/2021 | $18.00 → $15.00 | Buy | Truist Securities |
| 9/10/2021 | $17.50 | Buy | BTIG Research |
Net Income Increased 312% Year-Over-Year to $5.3 million Cash Increased 31% from Year-End to $45.0 million Adjusted EBITDA of $11.3 million Represents Eighth Consecutive Quarter of Adjusted EBITDA Profitability WM Technology, Inc. ("WM Technology" or the "Company") (NASDAQ:MAPS), a leading technology and software infrastructure provider to the cannabis industry, today announced its financial results for the third quarter ended September 30, 2024. "Our third quarter results mark yet another consecutive period of strong financial performance and positive cash flow, underscoring the solid foundation our team has built," said Doug Francis, CEO of WM Technology. "In the two years since I
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Nov. 04, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises WM Technology, Inc. ("WM Technology" or the "Company") (NASDAQ: MAPS) investors of a class action representing investors that bought securities between May 25, 2021 and September 24, 2024, inclusive (the "Class Period"). WM Technology investors have until December 16, 2024 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a compli
WM Technology, Inc. ("WM Technology" or the "Company") (NASDAQ:MAPS), a leading marketplace and technology solutions provider to the cannabis industry, today announced it will report financial results for its third quarter ended September 30, 2024 after market close on Tuesday, November 12, 2024. Management will host a webcast to discuss the Company's financial results at 2:00 p.m. Pacific Time (or 5:00 p.m. Eastern Time) on the same day. A replay of the call will be available at ir.weedmaps.com by the end of the day on November 13. WM Technology Third Quarter 2024 Financial Results Webcast When Tuesday, November 12, 2024 Time 2 p.m. PT / 5 p.m. ET Webcast Link
Weedmaps (NASDAQ:MAPS) a leading online cannabis marketplace for consumers, today announced the appointment of Glen Ibbott to the Company's Board of Directors, effective October 1. "Glen is an accomplished leader with deep experience in the cannabis industry and we are excited to have him join WM Technology's Board of Directors," said Doug Francis, Executive Chair, WM Technology. "He brings a wealth of insight to our Board as we continue to grow both as a business and an industry, and pursue our mission of enabling safe, legal access to cannabis for consumers worldwide." A seasoned executive with more than 25 years of experience, Ibbott is the founder of GK Financial Ventures, a financial
Newman Ferrara LLP announced today that the firm is conducting an investigation on behalf of shareholders of WM Technology, Inc. ("WM Technology" or the "Company") (NASDAQ:MAPS) into potential breaches of fiduciary duty by the Company's Board of Directors (the "Board"). WM Technology, headquartered in Irvine, CA, is a technology and software infrastructure provider to the cannabis industry, comprised of the B2C platform Weedmaps, and B2B software WM Business. Newman Ferrara's investigation focuses on decisions made by the Board, without shareholder approval, the result of which significantly diminish shareholder value and do not benefit the Company. Considering the Company's lackluster pe
The Company Reported Net Revenues of $45.9 million, Net Income of $1.2 million, Adjusted EBITDA of $10.1 million, and Cash of $41.3 million WM Technology, Inc. ("WM Technology" or the "Company") (NASDAQ:MAPS), a leading technology and software infrastructure provider to the cannabis industry, today announced its financial results for the second quarter ended June 30, 2024. "We are extremely pleased with our accomplishments this quarter, which reflect the hard work and dedication of our entire team," said Doug Francis, Executive Chair of WM Technology. "Through our commitment to operational discipline, we have strengthened our financial position, enabling us to invest and build for the f
WM Technology, Inc. ("WM Technology" or the "Company") (NASDAQ:MAPS), a leading marketplace and technology solutions provider to the cannabis industry, today announced it will report financial results for its second quarter ended June 30, 2024 after market close on Thursday, August 8, 2024. Management will host a webcast to discuss the Company's financial results at 2:00 p.m. Pacific Time (or 5:00 p.m. Eastern Time) on the same day. A replay of the call will be available at ir.weedmaps.com by the end of the day on August 9. WM Technology Second Quarter 2024 Financial Results Webcast When Thursday, August 8, 2024 Time 2 p.m. PT / 5 p.m. ET Webcast Link
Weedmaps (NASDAQ:MAPS), a leading online cannabis marketplace for consumers, today announced it has partnered with NuggMD, the nation's leading online telemedicine platform for medical cannabis patients and physicians, to launch a pilot program that streamlines the medical cannabis education and application process for patients. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240724636696/en/Weedmaps Partners with NuggMD to Launch Medical Cannabis Card Initiative (Graphic: Business Wire) This initiative enhances access to medical cannabis by connecting potential patients on Weedmaps with the NuggMD telehealth platform, creating a
Strategic partnership streamlines retailer data to create more consistent point-of-sale and e-commerce menus Weedmaps (NASDAQ:MAPS), a leading technology and software infrastructure provider to the cannabis industry, and BLAZE® Solutions, Inc. ("BLAZE"), an award-winning cannabis retail technology provider, today announced their strategic partnership that integrates Weedmaps' product database with BLAZE, creating a Global Product Catalog for BLAZE's point-of-sale and e-commerce menus. By connecting BLAZE with Weedmaps' catalog of more than 340,000 unique products, retailers have a reduced need for the manual entry of product data, resulting in greater operational efficiency, accurate and
Q1 2024 Net income was $2.0 million, an increase of $5.9 million year-over-year Q1 2024 Adjusted EBITDA was $9.6 million, an increase of $2.5 million year-over-year Q1 2024 Cash was $35.7 million, an increase of $9.8 million year-over-year 10-K and 10-Q Filings Bring WM Technology Current on SEC Filings WM Technology, Inc. ("WM Technology" or the "Company") (NASDAQ:MAPS), a leading technology and software infrastructure provider to the cannabis industry, today announced its financial results for the first quarter ended March 31, 2024 and the full year ending December 31, 2023. With the filing of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (
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Net Income Increased 312% Year-Over-Year to $5.3 million Cash Increased 31% from Year-End to $45.0 million Adjusted EBITDA of $11.3 million Represents Eighth Consecutive Quarter of Adjusted EBITDA Profitability WM Technology, Inc. ("WM Technology" or the "Company") (NASDAQ:MAPS), a leading technology and software infrastructure provider to the cannabis industry, today announced its financial results for the third quarter ended September 30, 2024. "Our third quarter results mark yet another consecutive period of strong financial performance and positive cash flow, underscoring the solid foundation our team has built," said Doug Francis, CEO of WM Technology. "In the two years since I
WM Technology, Inc. ("WM Technology" or the "Company") (NASDAQ:MAPS), a leading marketplace and technology solutions provider to the cannabis industry, today announced it will report financial results for its third quarter ended September 30, 2024 after market close on Tuesday, November 12, 2024. Management will host a webcast to discuss the Company's financial results at 2:00 p.m. Pacific Time (or 5:00 p.m. Eastern Time) on the same day. A replay of the call will be available at ir.weedmaps.com by the end of the day on November 13. WM Technology Third Quarter 2024 Financial Results Webcast When Tuesday, November 12, 2024 Time 2 p.m. PT / 5 p.m. ET Webcast Link
The Company Reported Net Revenues of $45.9 million, Net Income of $1.2 million, Adjusted EBITDA of $10.1 million, and Cash of $41.3 million WM Technology, Inc. ("WM Technology" or the "Company") (NASDAQ:MAPS), a leading technology and software infrastructure provider to the cannabis industry, today announced its financial results for the second quarter ended June 30, 2024. "We are extremely pleased with our accomplishments this quarter, which reflect the hard work and dedication of our entire team," said Doug Francis, Executive Chair of WM Technology. "Through our commitment to operational discipline, we have strengthened our financial position, enabling us to invest and build for the f
WM Technology, Inc. ("WM Technology" or the "Company") (NASDAQ:MAPS), a leading marketplace and technology solutions provider to the cannabis industry, today announced it will report financial results for its second quarter ended June 30, 2024 after market close on Thursday, August 8, 2024. Management will host a webcast to discuss the Company's financial results at 2:00 p.m. Pacific Time (or 5:00 p.m. Eastern Time) on the same day. A replay of the call will be available at ir.weedmaps.com by the end of the day on August 9. WM Technology Second Quarter 2024 Financial Results Webcast When Thursday, August 8, 2024 Time 2 p.m. PT / 5 p.m. ET Webcast Link
Q1 2024 Net income was $2.0 million, an increase of $5.9 million year-over-year Q1 2024 Adjusted EBITDA was $9.6 million, an increase of $2.5 million year-over-year Q1 2024 Cash was $35.7 million, an increase of $9.8 million year-over-year 10-K and 10-Q Filings Bring WM Technology Current on SEC Filings WM Technology, Inc. ("WM Technology" or the "Company") (NASDAQ:MAPS), a leading technology and software infrastructure provider to the cannabis industry, today announced its financial results for the first quarter ended March 31, 2024 and the full year ending December 31, 2023. With the filing of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (
Announces Third Quarter 2023 Financial Results with Revenue of $47.7 million, Net Loss of $2.5 million and Adjusted EBITDA of $10.7 million WM Technology, Inc. ("WM Technology" or the "Company") (NASDAQ:MAPS), a leading technology and software infrastructure provider to the cannabis industry, today announced its financial results for the third quarter ended September 30, 2023. "We are pleased with our third quarter results as they reflect our commitment to operational efficiency in what continues to be constrained end markets," said Doug Francis, Executive Chair of WM Technology. "I am proud of our team for their continued focus and discipline, allowing us to drive a strong bottom line
WM Technology, Inc. ("WM Technology" or the "Company") (NASDAQ:MAPS), the leading marketplace and technology solutions provider to the cannabis industry, today announced it will report financial results for its third quarter ended September 30, 2023 after market close on Wednesday, November 8, 2023. Management will host a webcast to discuss the Company's financial results at 2:00 p.m. Pacific Time (or 5:00 p.m. Eastern Time) on the same day. A replay of the Q3 call will be available at ir.weedmaps.com by the end of the day November 9. WM Technology Third Quarter 2023 Financial Results Webcast When Wednesday, November 8, 2023 Time 2 p.m. PT / 5 p
WM Technology, Inc. ("WM Technology" or the "Company") (NASDAQ:MAPS), the leading marketplace and technology solutions provider to the cannabis industry, today announced it will report financial results for its second quarter ended June 30, 2023 after market close on Tuesday, August 8, 2023. Management will host a conference call and webcast to discuss the Company's financial results at 2:00 p.m. Pacific Time (or 5:00 p.m. Eastern Time) on the same day. A replay of the Q2 call will be available at ir.weedmaps.com by the end of the day August 9. WM Technology Second Quarter 2023 Financial Results Conference Call When Tuesday, August 8, 2023 Time 2 p.m. PT / 5
Announces First Quarter 2023 Financial Results with Revenue of $48.0 million WM Technology, Inc. ("WM Technology" or the "Company") (NASDAQ:MAPS), a leading technology and software infrastructure provider to the cannabis industry, today announced its financial results for the first quarter ended March 31, 2023. "We are pleased with our Q1 results as they positively reflect the strategic actions we have taken since November to improve our bottom line," said Doug Francis, Executive Chair of WM Technology. "Our continued focus on our marketplace experience and commitment to delivering value to our clients is generating business stability despite end markets that remain challenged. While we
WM Technology, Inc. ("WM Technology" or the "Company") (NASDAQ:MAPS), the leading marketplace and technology solutions provider to the cannabis industry, today announced it will report financial results for its first quarter ended March 31, 2023 after market close on Tuesday, May 9, 2023. Management will host a conference call and webcast to discuss the Company's financial results at 2:00 p.m. Pacific Time (or 5:00 p.m. Eastern Time) on the same day. A replay of the Q4 call will be available at ir.weedmaps.com by the end of the day May 10. WM Technology Fourth Quarter 2021 Financial Results Conference Call When Tuesday, May 9, 2023 Time 2 p.m. PT /
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Truist downgraded WM Technology from Buy to Hold and set a new price target of $2.00 from $5.00 previously
BTIG Research downgraded WM Technology from Buy to Neutral
Piper Sandler downgraded WM Technology from Overweight to Neutral and set a new price target of $4.00 from $8.00 previously
Stifel downgraded WM Technology from Buy to Hold and set a new price target of $3.20 from $10.00 previously
Piper Sandler reiterated coverage of WM Technology with a rating of Overweight and set a new price target of $9.00 from $14.00 previously
Cantor Fitzgerald reiterated coverage of WM Technology with a rating of Overweight and set a new price target of $7.65 from $6.25 previously
Cantor Fitzgerald reiterated coverage of WM Technology with a rating of Overweight and set a new price target of $6.25 from $11.00 previously
Cantor Fitzgerald initiated coverage of WM Technology with a rating of Overweight and set a new price target of $11.00
Truist Securities reiterated coverage of WM Technology with a rating of Buy and set a new price target of $15.00 from $18.00 previously
BTIG Research initiated coverage of WM Technology with a rating of Buy and set a new price target of $17.50
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Nov. 04, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises WM Technology, Inc. ("WM Technology" or the "Company") (NASDAQ: MAPS) investors of a class action representing investors that bought securities between May 25, 2021 and September 24, 2024, inclusive (the "Class Period"). WM Technology investors have until December 16, 2024 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a compli
Weedmaps (NASDAQ:MAPS) a leading online cannabis marketplace for consumers, today announced the appointment of Glen Ibbott to the Company's Board of Directors, effective October 1. "Glen is an accomplished leader with deep experience in the cannabis industry and we are excited to have him join WM Technology's Board of Directors," said Doug Francis, Executive Chair, WM Technology. "He brings a wealth of insight to our Board as we continue to grow both as a business and an industry, and pursue our mission of enabling safe, legal access to cannabis for consumers worldwide." A seasoned executive with more than 25 years of experience, Ibbott is the founder of GK Financial Ventures, a financial
Sunderland Capital Has Deep Knowledge and Investment Success in the Cannabis SectorTORONTO, ON / ACCESSWIRE / April 21, 2022 / CordovaCann Corp. (CSE:CDVA) (OTCQB:LVRLF) ("Cordova" or the "Company"), a cannabis-focused consumer products company, is pleased to announce the closing of a non-brokered private placement financing (the "Offering"), pursuant to which the Company issued 6,718,000 units ("Units") of Cordova priced at $0.25 USD per unit for gross proceeds of $1,679,500 USD. Each Unit is comprised of one common share of the Company and one warrant ("Warrant") that entitles the holder to purchase one share of common stock in the Company at a price of $1.25 CDN per share for a period of
WM Technology, Inc. ("WM Technology" or the "Company") (NASDAQ:MAPS), the leading marketplace and technology solutions provider to the cannabis industry, today announced the appointment of Anthony Bay as the new Chairman of the Company's Board of Directors. Effective immediately, Bay will succeed Chris Beals who was serving as the acting Chairman of the Board during the search to fill the role. Chris Beals will continue his role as a member of the board in addition to Chief Executive Officer of the Company. "I could not be more excited to welcome Anthony to serve as Chairman of our Board of Directors," said Chris Beals, CEO of WM Technology. "Since becoming a public company, our search for
Weedmaps (NASDAQ:MAPS), a prominent online cannabis marketplace, announced a partnership with NuggMD, the leading telemedicine platform for medical cannabis patients. This collaboration aims to streamline the medical cannabis education and application process for patients through a new pilot program. Initial Phase And Target States The program seeks to improve access to medical cannabis by connecting potential patients on Weedmaps with NuggMD’s telehealth platform, according to a press release. The initial phase is active in Florida, Oklahoma, Pennsylvania, West Virginia and Louisiana, five states served by NuggMD. Patient Education And Convenience “We’re seeing more and more po
WM Technology's (NASDAQ:MAPS) sales declined by 4.5% year-over-year and quarter-over-quarter in Q1 2024. Average monthly paying clients decreased by 1.5% sequentially to 4,937, while average monthly revenue per client fell 1.5% to $2,997. Nevertheless, in his latest report, senior analyst Pablo Zuanic from Zuanic & Associates finds a bull case for the cannabis tech stock. Q1 2024: Highlights EBITDA margins remained above 20%, reaching 21.6% in Q1 2024 due to reduced sales and marketing expenses and improved cost efficiencies. California accounted for approximately 55% of sales, with Colorado, Michigan and Oklahoma contributing about 30%. The company generated $10 million in EBITDA f
https://x.com/POTUS/status/1813565568454127970
Cannabis-focused tech company WM Technology, Inc. (NASDAQ:MAPS), known as Weedmaps, and marijuana retail technology provider BLAZE Solutions, Inc., announced a strategic partnership on Tuesday that integrates Weedmaps' product database with BLAZE. The result is a Global Product Catalog for BLAZE's point-of-sale and e-commerce menus. Why It Matters By connecting BLAZE with Weedmaps' catalog of over 340,000 unique products retailers will now have a reduced need to manually enter product data, resulting in greater operational efficiency, accurate and consistent information and a better consumer shopping experience. "This global catalog builds on our mission to provide enterprise featur
Strategic partnership streamlines retailer data to create more consistent point-of-sale and e-commerce menusWeedmaps (NASDAQ:MAPS), a leading technology and software infrastructure provider to the cannabis industry, and BLAZE® Solutions, Inc. ("BLAZE"), an award-winning cannabis retail technology provider, today announced their strategic partnership that integrates Weedmaps' product database with BLAZE, creating a Global Product Catalog for BLAZE's point-of-sale and e-commerce menus. By connecting BLAZE with Weedmaps' catalog of more than 340,000 unique products, retailers have a reduced need for the manual entry of product data, resulting in greater operational efficiency, accurate and cons
Weedmaps (NASDAQ:MAPS) (NASDAQ:MAPSW) has shared significant data on New York’s cannabis market for the first quarter of 2024. This data paints a vivid picture of who the cannabis shoppers in New York are and what they're purchasing, providing valuable insights into the market’s dynamics. Cannabis Flower Dominates New York Market According to Weedmaps, cannabis flower dominates New York’s market. In Q1 2024, New Yorkers ordered flowers 53% of the time, surpassing the national average of 48%. Edibles also saw higher demand, with New Yorkers ordering them 27% of the time compared to the national average of 18%. In contrast, vape pens were less popular, with only 15% of orders in New York
WM Technology, Inc. (NASDAQ:MAPS) – also known as Weedmaps – announced its first quarter financial results on Friday for the three months ended March 31, 2024 and the full year ending December 31, 2023. "I am proud of the progress and results our team was able to deliver to start the year, and more importantly, we are pleased that the net effects of our revenue recognition review were relatively minimal," said Doug Francis, executive chair of WM Technology. "We believe our continued focus on developing strong client relationships and commitment to operational efficiency have positioned the Company to continue to profitably build its base of quality clients in this dynamic industry over ti
Gainers LiveRamp Holdings (NYSE:RAMP) stock rose 9.8% to $35.51 during Wednesday's after-market session. The company's market cap stands at $2.3 billion. The company's, Q4 earnings came out today. Zuora (NYSE:ZUO) shares moved upwards by 7.8% to $10.63. The market value of their outstanding shares is at $1.5 billion. As per the news, the Q1 earnings report came out today. Ascent Solar Technologies (NASDAQ:ASTI) shares rose 6.16% to $0.14. The company's market cap stands at $4.2 million. FOXO Technologies (AMEX:FOXO) shares moved upwards by 5.94% to $0.31. The market value of their outstanding shares is at $3.1 million. Snowflake (NYSE:SNOW) stock rose 5.3% to $172.0. The market value of