WM Technology

WM Technology, Inc. engages in the operation of a listings marketplace with SaaS subscription offerings sold to retailers and brands in the U.S. state-legal and Canadian cannabis markets. It also provides information on the cannabis plant and the industry and advocates for legalization. The company was founded by Douglas Francis and Justin Hartfield in 2008 and is headquartered in Irvine, CA.

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WM Technology (MAPS) reports mixed Q2 results, focuses on growth

WM Technology (MAPS) delivered mixed financial results in Q2 2024 with revenue decline but positive cash flow and adjusted EBITDA performance.
The company faces challenges in revenue generation and client retention but maintains financial stability with a debt-free status and strong cash reserves.
Opportunities lie in implementing growth strategies, enhancing customer relationships, and exploring new revenue streams to drive future performance.
Strategic initiatives and market expansion efforts will be crucial for WM Technology (MAPS) to navigate challenges and capitalize on growth opportunities.

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WM Technology, Inc. operates as an online cannabis marketplace. Its products include Weedmaps and Weedmaps for Business. It provides cannabis consumers with information regarding cannabis retailers and brands. The company was founded by Douglas Francis and Justin Hartfield in 2008 and is headquartered in Irvine, CA.

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The well-known Weedmaps is officially public after closing the SPAC deal with Silver Spike. The company provided some updated financials, but the newly named WM Technology didn't provide any commentary on original 2021 financial goals.

WM Technology: Weedmaps Is Finally Public

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News for WM Technology Stock (MAPS)