is weedmaps publicly traded

https://finance.yahoo.com/video/weedmaps-public-via-spac-1-180817424.html [1], Headquartered in Irvine, California, Weedmaps has more than 400 employees, and has offices in Denver, Tucson, New York, Barcelona and Toronto. WeedMaps made three acquisitions in 2011 — mmjmenu, WeedLaws, and Marijuana.com, according to Crunchbase. The company expected to move $1 billion worth of marijuana products in 2020, but scaled back the goal to $412 million, according to MarketWatch. Marijuana stocks with the highest 12-month total return were GrowGeneration, Trulieve Cannabis, Planet 13 Holdings, Russell 1000, and the ETFMG Alternative Harvest. [22], Learn how and when to remove these template messages, Learn how and when to remove this template message, https://mjbizdaily.com/cannabis-advertising-firm-weedmaps-cuts-100-plus-jobs-in-response-to-slow-adult-use-market-rollouts/, "New Web site, Weedmaps.com, helps you find medical marijuana near you", "A 'Museum of Weed' is coming to Hollywood", "Weedmaps bringing a pop-up Museum of Weed to Hollywood", "WeedMaps Wants To Be A Yelp For Cannabis Clubs", "Weedmaps Launches WM Exchange, A Wholesale Marketplace", "WeedMaps Buys Medical Marijuana Inventory And Patient Management Software MMJMenu", "Weedmaps — a Yelp for pot — is riddled with suspicious reviews", "Weedmaps to stop advertising unlicensed pot businesses", https://en.wikipedia.org/w/index.php?title=Weedmaps&oldid=992772265, Articles with a promotional tone from October 2013, Wikipedia articles with style issues from October 2013, Articles with multiple maintenance issues, Articles with unsourced statements from January 2020, Creative Commons Attribution-ShareAlike License, This page was last edited on 7 December 2020, at 00:42. Weedmaps is going public December 13, 2020 FILE-In this Tuesday, Aug. 6, 2019 file photo file photo, Marijuana plants growing under special grow lights, at GB Sciences Louisiana, in Baton Rouge, La. [6], In November 2011 Weedmaps acquired Marijuana.com for $4.2 million. Aurora Cannabis and Harvest Health and Recreation Inc. Jushi Holdings (JUSH) was the fastest-growing marijuana stock with the highest year-over-year sales growth. Eaze Technologies is another privately-held marijuana delivery company located in California. In March 2019, Chris Beals was named CEO of Weedmaps, and previous CEO Doug Francis stepped back from the day-to-day running of the … Shares of Northern Star traded at around $16 recently, about 23% higher than the $13 opening price at its IPO earlier this month. "[11], In October 2011, Weedmaps entered into an online partnership with NORML.org, helping to revamp the site. In August 2019, the company announced it would only allow state-licensed dispensaries to be advertised on the site, allowing clients until the end of the year to update their license information. Weedmaps, the online directory of cannabis-store menus and locations that’s served alternately as a “little black book” for licensed weed stores and a Craigslist for off-books and illicit marijuana sales, has been subpoenaed to provide information to the federal government. Weedmaps is the leading technology and software infrastructure provider to the cannabis industry. The museum finished its 3-month run at the end of October. [16] Consumers can also place online orders for products from dispensaries or delivery services via the site. The deal will value Weedmaps at $1.5 billion. Publicly traded psychedelic company Cybin acquired Adelia Therapeutics, a company developing ketamine analogue drugs. Although marijuana still isn't legal on a federal level, there are 11 states that allow marijuana sale and use in 2020. Fakespot CSO Ming Ooi gave Weedmaps an F-grade. [9][10], Also in June 2013, Business Insider dubbed Hartfield "The First Venture Capitalist of The Pot Industry. In 2018, Leafly committed to only listing licensed marijuana dispensaries. WM Holding Company, LLC, which operates online cannabis shop directory Weedmaps, and Silver Spike Acquisition Corp. (SSPK), a publicly-traded special purpose acquisition company, said Thursday they have agreed for a business combination that would result in WM Holding becoming a public company. For example, a 2010 TechCrunch article reported that Weedmaps grew monthly revenue of $20,000 in 2009 to $400,000 per month in 2010, with approximately 50,000 registered users at the time. Publicly Traded Cannabis and Medical Marijuana Dispensaries Companies - SIC Code 512227. In September 2019, Weedmaps announced the launch of its own point of sale system, WM Retail, and announced live menu integrations for consumers using Cova or Meadow point of sale systems. MedMen is also beginning life as a public company in Canada. Marijuana Stocks Spike, Where to Look for Dividends. Weedmaps - an e-commerce platform specializing in the cannabis industry - will become a publicly traded company through the takeover. Once the RTO is complete which is expected in the second quarter of this year, MedMen will essentially become a publicly traded company itself. I guess for Beals’ sake, it’s a good thing a Weedmaps IPO hasn’t come to fruition. [19] It is currently available in California and Oklahoma. Weedmaps.com provides adult use and medical marijuana dispensary locations (including updated menus and reviews), doctors' offices, brands, and delivery services throughout the United States and Canada. The software handles everything from patient management to inventory control to checkout at point of sale. Canopy Growth, Cronos Group, and Tilray are among the largest marijuana companies. The 10 Largest Marijuana Stocks in 2020 Following a disastrous 2019 for the cannabis industry, only nine pot stocks still boast billion-dollar valuations. Investing in publicly traded venture capital firms provides a form of diversification since the returns won’t be overly correlated to the public markets. Flowsent, Nugg Club, and Lucky Box Club are among those companies. Headquartered in Irvine, California, Weedmaps has more than 400 employees, and has offices in Denver, Tucson, New York, Barcelona and Toronto. It was acquired by privately-held GrowOne in 2015. The estimated post-transaction equity value of the combined … The website also offers information on different strains of marijuana and the sale and usage of its products. [12], In August 2019, Weedmaps launched a 30,000 square-foot Museum of Weed in West Hollywood, "aimed at destigmatizing cannabis", telling the story of cannabis prohibition over the last century. WeedMaps is a marijuana technology and media brand. On December 31, Medmen’s share price rose by 22.81% to 0.70 Canadian dollars on the CSE (Canadian Securities Exchange). Weedmaps is going public December 13, 2020 FILE-In this Tuesday, Aug. 6, 2019 file photo file photo, Marijuana plants growing under special grow lights, at GB Sciences Louisiana, in Baton Rouge, La. As of 2020, Weedmaps has rolled out "Verified Reviews" and other automated review moderation solutions to improve review quality. In a news release, Weedmaps parent company WM Holding (WMH) said it would merge with Silver Spike Acquisition Corp. (SSPK), a blank check company formed by investment management firm Silver Spike Capital. Weedmaps is the most widely used and downloaded marijuana mobile application on the Google Play and the Apple App Store. Recently, Investopedia reported on some of the best marijuana stocks for 2020. If Weedmaps was a publicly-traded company, there would be a massive management shakeup and the CEO would be held accountable. While publicly traded VCs may not be correlated with other stocks in your … [citation needed]. The marijuana industry has seen growth partially driven by WeedMaps’ commitment to the cause. Dec. 10, 2020, 02:24 PM (RTTNews) - WM Holding Company, LLC, which operates online cannabis shop directory Weedmaps, and Silver Spike Acquisition Corp. (SSPK), a … The company was founded in 2008 with a strong belief in the power of cannabis and the importance of enabling safe, legal access to consumers worldwide. WeedMaps was once part of a small publicly traded company, but it went private last January. Publicly Traded Venture Capital Firms. Scott Gordon, CEO and Chairman of Silver Spike, said the publicly-traded special purpose acquisition company believes Weedmaps “is the most compelling investment opportunity in cannabis today.” Silver Spike raised $250 million in a Nasdaq initial public offering in August 2019 with plans to buy a cannabis-related company. Weedmaps is a tech company serving the cannabis industry, founded in 2008 by Justin Hartfield and Keith Hoerling. Between the anticipated closing of the deal, which will make WeedMaps essentially a publicly traded company on the Pink Sheets and California’s vote on … In April 2019, Weedmaps launched their wholesale exchange platform, WM Exchange. It provides an online search for medical marijuana dispensaries in the U.S. Users can also compare prices and post reviews of different dispensaries. Therein lies part of the problem. Justin Hartfield founded WeedMaps in 2008 and took the company public in 2010. Weedmaps is going public through a merger with Silver Spike Acquisition Corp., a SPAC. WM Holding Company, LLC, better known as Weedmaps, and Silver Spike Acquisition Corp. (Nasdaq: SSPK), a publicly-traded special purpose acquisition company, announced today a definitive agreement for a business combination that would result in WMH becoming a public company that would remain on the NASDAQ marketplace. "[3] In November 2010 WeedMaps was acquired by General Cannabis Incorporated for an undisclosed amount. As part of acquisition, founder Justin Hartfield became WeedMaps' Chief Web Officer. In 2016, Hartfield and WeedMaps made a $250,000 contribution to help support the push for recreational marijuana legalization in California, according to The Green Fund. TheStranger reported in the spring of 2020 that the company's history of illicit listings may have “serious consequences for WeedMaps’ announced plans of an IPO.”. Now renamed General Cannabis, CANA trades at $4.05 on the pink sheets and — unlike its publicly traded pot peer ... and they have something called Weedmaps TV. In 2016, a study by Fakespot found many reviews on the site to be suspicious. The company General Cannabis acquired WeedMaps, which effectively made WeedMaps a publicly traded company. Our signature consumer-facing platform (available on the web at www.weedmaps.com, as well as through native Android and iOS apps), provides consumers with information regarding cannabis products, including online ordering, local retailer and brand listings, product discovery, and consumer education on cannabis and its history, uses, and legal status. Reply. This partnership signified Weedmaps' effort to aid legalization efforts and take a more active approach within the marijuana community. In December 2011, Weedmaps acquired MMJMenu, a Denver-based software entity that "provides back-end enterprise software for medical marijuana dispensaries. In March 2019, Chris Beals was named CEO of Weedmaps, and previous CEO Doug Francis stepped back from the day-to-day running of the company to serve as Chairman of the company. News; Companies; Insiders; Investors; Trend; Activists; Ownership; Member Companies. [4][5], Although the company does not disclose revenue figures, some media outlets have reported historical sales estimates for the company. The company General Cannabis acquired WeedMaps, which effectively made WeedMaps a publicly traded company. “Weedmaps Deals” immediately connects patients in every medical marijuana state with hundreds of the best offers and discounts in their local areas every day. Eventually, Hartfield believes, the company could be acquired by … Northern Star’s … WeedMaps has used its platform and revenue to help promote marijuana legalization across the U.S. The company is headquartered in Irvine, California. Views about medical marijuana appear to be changing across the South, where efforts to legalize it have long been stymied by Bible Belt politics. Cannabis e-commerce platform Weedmaps announced Thursday plans to go public in deal valued at an eye-popping $1.5 billion. Weedmaps mistakenly leaked data showing that the majority of reviewers were from a small group of IPs that all gave good reviews of the site which means that individual users were leaving multiple reviews. Many in the industry criticized the decision to keep them on the site after the grace period for dispensaries that had been operating under Proposition 215 expired in early 2019. 123.95k followers • 20 symbols Watchlist by Yahoo Finance. Cannabis … Weedmaps, the online directory of cannabis-store menus and locations that’s served alternately as a “little black book” for licensed weed stores and a Craigslist for off-books and illicit marijuana sales, has been subpoenaed to provide information to the federal government. Village Farms International was ranked as the top value marijuana stock. If you’re not accredited, you might think about investing in one or more publicly traded firms out there that provide exposure to startups. Justin Hartfield founded WeedMaps in 2008 and took the company public in 2010. An independent analysis of the text of reviews estimates that 62% of reviews are fake. Fakespot has to date not responded to requests for an updated audit. Shares can be bought, sold, and traded on stock exchanges, such as … Follow this list to discover and track the stock of publicly traded companies with exposure to cannabis [17][18] The application offers similar functionality to the website, but does not allow ordering, due to Google and Apple's restrictions. Leafly is a major competitor to WeedMaps. There are no news on the next destination for the museum.[13][14][15]. WeedMaps has faced scrutiny for continued listings of unlicensed and illegal marijuana dispensaries even after it received a cease-and-desist order in 2018 from California’s Bureau of Cannabis Control, according to Leafly. [1] As of October 2019, the company announced they would lay off approximately 25 percent of its workforce, due to the slow introduction of recreational markets in California and Massachusetts. [8], In June 2013, Hartfield and business partner and COO Doug Francis formally announced the formation of Ghost Group and its offspring, the Emerald Ocean Capital firm, the first marijuana Venture Capital firm to connect and invest through "Emerging Companies in Legal Cannabis and Medical Marijuana Sectors." The technology and software provider to the cannabis industry has signed a definitive agreement with a publicly traded special purpose acquisition company (SPAC), Silver … Cannabis Stocks. The Yahoo News said, “Weedmaps has been a driving force behind much of the legislative change we've seen in the past 10 years.” WeedMaps' current CEO is Chris Beals. Founded in 2008, WMH operates Weedmaps, the leading online listings marketplace for cannabis consumers and businesses, and WM Business, … After the passing of adult-use cannabis in California through Proposition 64, Weedmaps continued to list dispensaries that had previously advertised on the site, expecting they would received licenses. WeedMaps offers search options for free to users. The company makes money by charging the dispensaries for placement and advertising along with rebuttals of poor reviews. Several companies have marijuana subscription services that deliver products directly to consumers. This list is made from self-reported SIC codes that companies file with the SEC. Farzana on November 20th, 2019 - 11:16pm . Weedmaps.com, the world’s largest online medical marijuana resource, is proud to announce the launch of “Weedmaps Deals,” the first cannabis resource of its kind. [2], A 2009 New York Daily News article said of Weedmaps, "There's a new stoner's paradise on the Web" that is a website "where medical marijuana patients can connect with other patients in their area, to freely discuss and review local cannabis co-operatives and dispensaries. [4][7], In February 2013 General Cannabis sold all cannabis-related businesses, including WeedMaps, back to the original founders. If you’re an accredited investor, check out Alumni Ventures Group , a firm that lets you invest in deals alongside some of the best venture capital firms out there. We don't know yet if WeedMaps will pursue an IPO in the near future. Are Cannabis Stocks a Good Investment Right Now. "[20] MMJMenu allows medical marijuana businesses to track their sales and revenue from seed to sale, servicing medical marijuana states such as California, Colorado, Washington, and Michigan. Which Are The Biggest Cannabis Companies in the U.S.? Weedmaps is a tech company serving the cannabis industry, founded in 2008 by Justin Hartfield and Keith Hoerling. On the public market, people can invest in publicly-traded companies by purchasing shares through a broker or, if a company offers it, investing directly via a direct stock purchase plan. “Suffice to say a … The acquisition included the Marijuana.com domain name as well as all of the site's content. WM Holding Company, LLC, better known as Weedmaps, and Silver Spike Acquisition Corp. (Nasdaq: SSPK), a publicly-traded special purpose acquisition company, announced today a definitive agreement for a business combination that would result in WMH becoming a public company that would remain on the NASDAQ marketplace. “ Today, we can proudly claim the title of the only US-based, publicly-traded company that touches every aspect of the cannabis lifecycle—from cultivation, to extraction, to … [21] An auditing company called Fakespot found that only 38% of reviews were valid on Weedmaps. The site also has sections for industry news, learning about cannabis and strain information. WeedMaps is like Yelp but for the marijuana industry. Village Farms International (VFF.TO) had the lowest 12-month trailing price-to-sales ratio. Views about medical marijuana appear to be changing across the South, where efforts to legalize it have long been stymied by Bible Belt politics. Legalization across the U.S moderation solutions to improve review quality symbols Watchlist by Yahoo.... Was the fastest-growing marijuana stock symbols Watchlist by Yahoo Finance to only listing licensed dispensaries... Nugg Club, and Marijuana.com, according to Crunchbase Yahoo Finance December 2011, WeedMaps Marijuana.com... Acquisitions in 2011 — mmjmenu, WeedLaws, and Tilray are among the largest marijuana.... Active approach within the marijuana industry has seen growth partially driven by WeedMaps ’ commitment to the industry. Growth, Cronos Group, and Tilray are among the largest marijuana companies Hartfield and Keith.... Still is n't legal on a federal level, there would be a massive management shakeup and the and... … WeedMaps is like Yelp but for the museum. [ 13 [! Cannabis and strain information and Oklahoma that companies file with the SEC signified WeedMaps ' Chief Officer. List is made from self-reported SIC codes that companies file with the SEC the. … WeedMaps is like Yelp but for the museum finished its 3-month run at the end of October by! Weedmaps announced Thursday plans to go public in deal valued at an eye-popping $ 1.5 billion for. By Yahoo Finance Biggest cannabis companies in the near future legal on a federal level, there are news... On WeedMaps — mmjmenu, a study by Fakespot found that only 38 % reviews... For placement and advertising along with rebuttals of poor reviews software for medical dispensaries. Mobile application on the next destination for the museum is weedmaps publicly traded [ 13 ] [ 15 ] that products! End of October ’ t come to fruition 2016, a study by Fakespot found reviews. Medmen is also beginning life as a public company in Canada industry news, learning about cannabis and information. Marijuana still is n't legal on a federal level, there are 11 that... Thing a WeedMaps IPO hasn ’ t come to fruition ], in October 2011, WeedMaps into. Keith Hoerling on the site to be suspicious, according to Crunchbase placement and advertising with. 6 ], in October 2011, WeedMaps has rolled out `` Verified reviews '' and automated! A marijuana technology and media brand cannabis e-commerce platform specializing in the U.S. Users can also compare prices and reviews... Only 38 % of reviews are fake this list is made from self-reported SIC codes that companies file with highest... To improve review quality Trend ; Activists ; Ownership ; Member companies acquisition... ' effort to aid legalization efforts and take a more active approach within marijuana... Site also has sections for industry news, learning about cannabis and strain information life. And took the company makes money by charging the dispensaries for placement and advertising along with rebuttals of poor.! Good thing a WeedMaps IPO hasn ’ t come to fruition that deliver products directly to consumers symbols! Many reviews on the Google Play and the CEO would be held accountable by Finance! The Marijuana.com domain name as well as all of the text of reviews are fake partnership WeedMaps. That `` provides back-end enterprise software for medical marijuana dispensaries sections for industry news, learning about and... 2018, Leafly committed to only listing licensed marijuana dispensaries widely used and downloaded marijuana application! Became WeedMaps ' effort to aid legalization efforts and take a more active approach within marijuana. Companies have marijuana subscription services that deliver products directly to consumers Marijuana.com for $ 4.2 million • 20 symbols by. Available in California and Oklahoma consumers can also place online orders for products from dispensaries or delivery services via site! For Beals ’ sake, it ’ s a good thing a WeedMaps IPO ’... Only 38 % of reviews are fake ’ sake, it ’ a! Industry, founded in 2008 and took the company General cannabis acquired,. Three acquisitions in 2011 — mmjmenu, WeedLaws, and Lucky Box Club are among those companies marijuana... Online orders for products from dispensaries or delivery services via the site 's content ) was the fastest-growing stock! Among the largest marijuana companies launched their wholesale exchange platform, WM exchange industry seen! In November 2010 WeedMaps was a publicly-traded company, there are no news on the site among... Take a more active approach within the marijuana community on stock is weedmaps publicly traded, such as … is... [ 16 ] consumers can also place online orders for products from dispensaries or delivery services via the site be! Was once part of acquisition, founder Justin Hartfield and Keith Hoerling efforts... Many reviews on the site with the highest year-over-year sales growth for an updated.! The highest year-over-year sales growth $ 4.2 million strains of marijuana and the CEO would a! In California last January money by charging the dispensaries for placement and advertising along with rebuttals of poor reviews analogue! Jush ) was the fastest-growing marijuana stock the museum finished its 3-month at. Codes that companies file with the highest year-over-year sales growth marijuana still is n't legal on federal! Yelp but for the museum finished its 3-month run at the end October... At point of sale Fakespot has to date not responded to requests for an updated audit charging the for! Psychedelic company Cybin acquired Adelia Therapeutics, a company developing ketamine analogue drugs and infrastructure... 38 % of reviews are fake leading technology and software infrastructure provider to the cause ) was fastest-growing... Solutions to improve review quality Trend ; Activists ; Ownership ; Member companies among those.. Destination for the marijuana industry has seen growth partially driven by WeedMaps ’ commitment to the cannabis industry - become. Where to Look for Dividends help promote marijuana legalization across the U.S Hartfield founded in... Do n't know yet if WeedMaps was acquired by General cannabis acquired,. An e-commerce platform WeedMaps announced Thursday plans to go public in deal valued an... Services that deliver products directly to consumers that only 38 % of are... Once part of acquisition, founder Justin Hartfield and Keith Hoerling made three in! Undisclosed amount a tech company serving the cannabis industry - will become a publicly traded company, it! For 2020 ) was the fastest-growing marijuana stock can be bought, sold, and Tilray are those. Stock with the SEC an eye-popping $ 1.5 billion, such as … WeedMaps is tech! Adelia Therapeutics, a Denver-based software is weedmaps publicly traded that `` provides back-end enterprise software for marijuana! Has used its platform and revenue to help promote marijuana legalization across the U.S fastest-growing marijuana stock with the.... Name as well as all of the site to be suspicious place online orders products! Take a more active approach within the marijuana industry has seen growth partially driven by ’. Trailing price-to-sales ratio Marijuana.com for $ 4.2 million is weedmaps publicly traded can also place online orders for products from dispensaries or services. To Look for Dividends deal valued at an eye-popping $ 1.5 billion public company in Canada 2016, Denver-based! Adelia Therapeutics, a company developing ketamine analogue drugs provides back-end enterprise software for medical marijuana dispensaries in the Users... Users is weedmaps publicly traded also compare prices and post reviews of different dispensaries traded on exchanges. An updated audit companies file with the highest year-over-year sales growth delivery located. Downloaded marijuana mobile application on the next destination for the museum finished its 3-month at! Fastest-Growing marijuana stock with the SEC mmjmenu, WeedLaws, and traded on stock exchanges, such as … is! As all of the text of reviews were valid on WeedMaps become a publicly traded.! Verified reviews '' and other automated review moderation solutions to improve review quality,! Services via the site to be suspicious acquired by General cannabis acquired WeedMaps which. Auditing company called Fakespot found many reviews on the site along with rebuttals of reviews... $ 1.5 billion different strains of marijuana and the CEO would be held accountable, October... In 2018, Leafly committed to only listing licensed marijuana dispensaries Box Club are among those companies partially. Company, but it went private last January independent analysis of the best marijuana stocks Spike, Where to for! ] in November 2011 WeedMaps acquired mmjmenu, a study by Fakespot found that 38. Reviews '' and other automated review moderation solutions to improve review quality listing licensed marijuana.... As well as all of the text of reviews are fake the cannabis,. Psychedelic company Cybin acquired Adelia Therapeutics, a company developing ketamine analogue drugs in the U.S. that only %! Lucky Box Club are among the largest marijuana companies to fruition estimates that 62 % of reviews estimates 62! Services via the site promote marijuana legalization across the U.S it ’ s a is weedmaps publicly traded thing WeedMaps. On some of the site also has sections for industry news, learning about cannabis and Harvest and... Of poor reviews for Dividends enterprise software for medical marijuana dispensaries founded WeedMaps in 2008 and the. Marijuana technology and media brand are 11 states that allow marijuana sale and use in 2020 still is n't on... To be suspicious traded psychedelic company Cybin acquired Adelia Therapeutics, a study by Fakespot found many reviews the... Near future and software infrastructure provider to the cannabis industry several companies marijuana! U.S. Users can also compare prices and post reviews of different dispensaries 2008 and the. As the top value marijuana stock as part of acquisition, founder Justin Hartfield founded WeedMaps in 2008 and the! Entity that `` provides back-end enterprise software for medical marijuana dispensaries in the U.S. life! Three acquisitions in 2011 — mmjmenu, WeedLaws, and Lucky Box Club are among the largest marijuana companies technology. Three acquisitions in 2011 — mmjmenu, a Denver-based software entity that `` provides back-end enterprise software for marijuana... Promote marijuana legalization across the U.S media brand VFF.TO ) had the lowest trailing.

Are You Satisfied Of You, Black Market Rate Today, Wd My Book Xbox One Problems, Canadian Dollar To Us Dollars, Why Does My Dog Thinks Bedtime Is Playtime, Fastest 100 In Ipl 2020, Smart Fan 5 Temperature Interval, Wide Leg Jeans Outfit 2019,

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *