The deal to take Weedmaps public, which values the company at around US$1.5 billion, is a rare example of a business focused on the cannabis sector … WM Holding Co, which owns Weedmaps, plans to merge with Silver Spike Acquisition Corp, the sources said. 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. And the only reason we can do that is because we have real earnings. The operator of U.S. online platform Weedmaps, where users rate cannabis sellers, is nearing a deal to go public at a $1.5 billion valuation through a merger with a blank-check acquisition firm, people familiar with the matter said on Wednesday. WM Holding Company (WMH) is planning to go public following a $1.5 billion merger deal with special purpose acquisition company (SPAC) Silver Spike Acquisition Corp. " Alex and Justin Weidmann, Co-Founders of MMJMenu, have built a great company around great software," said Justin Hartfield, Chief Web Officer of WeedMaps. The deal to take Weedmaps public, which values the company at around $1.5 billion, is a rare example of a business focused on the cannabis sector listing on a U.S. stock exchange. In November 2011 Weedmaps acquired Marijuana.com for $4.2 million. WM Holding Co, which owns Weedmaps, plans to merge with Silver Spike Acquisition Corp SSPKU.O, the sources said. Helpful Report. Best shop in Oklahoma for sure. Cannabis user-review site Weedmaps' parent will go public at a $1.5 billion valuation through a merger with a blank-check acquisition firm, the company said on Thursday. WM Holding Co, which owns Weedmaps, plans to merge with Silver Spike Acquisition Corp, the sources said. 5 stars. Verified purchase. Silver Spike is a special purpose acquisition company (SPAC), an increasingly popular investment vehicles which raise funds in an initial public offering (IPO) with the aim of buying a private company. The dispensary updates the … Brian Wingfield owns the Ohio Cannabis Company dispensary in Coshocton, which lists its menu and prices on WeedMaps. Weedmaps has partnered with Triller to be the official sponsor for the November 28 bout between Roy Jones Jr. and Mike Tyson. The operator of U.S. online platform Weedmaps, where users rate cannabis sellers, is nearing a deal to go public at a $1.5 billion valuation through a merger with a blank-check acquisition firm, people familiar with the matter said on Wednesday. WM Holding Company – the parent of Weedmaps – is set to go public through a merger with Silver Spike Acquisition Corp. “If they’re going to be a part of the supply chain and enter the legal market, do it with both feet. Founded in 2008, WMH is the leading two-sided marketplace and SaaS provider to the cannabis industry, comprising the Company’s B2C marketplace, Weedmaps… Weedmaps is heavily involved in advertising and advocacy. The deal could be announced … The deal to take Weedmaps public, which values the company at around $1.5 billion, is a rare example of a business focused on the cannabis sector listing on a U.S. stock exchange. Best in Oklahoma. We're going to do it anyway to build confidence in the company and build confidence within our shareholders. Ghost Management Group LLC, which owns Weedmaps, announced plans last year to pull unlicensed California-based marijuana businesses from advertising on its site. Cannabis user-review site Weedmaps' parent will go public at a $1.5 billion valuation through a merger with a blank-check acquisition firm, the company said on Thursday. 5.0. 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. The deal values Weedmaps at $1.5 billion. Founded in 2008, Weedmaps was the first technology company to help their users find cannabis doctors, dispensaries and delivery services. WM Holding, which owns Weedmaps, sells software for cannabis retailers and operates an e-commerce platform for marijuana consumers and businesses. It’s the only dispensary I go to the flower is always amazing. However, the company’s initiatives aren’t always easy to achieve. Founded in … Jerred Kiloh, who owns The Higher Path dispensary in Los Angeles, said Francis and Beals are attempting to “have it both ways” by profiting from unlicensed retailers advertising with Weedmaps while also trying to start a new company in the fully regulated market. Yelp for pot web site Weedmaps.com is having a historic fourth quarter. The twelve-person Orange County concern just went public through a de facto reverse merger with LC … The verified purchase badge appears on reviews written by users that have placed an order from this listing on Weedmaps. Companies are unable to list shares in the United States if their business involves selling marijuana or is "plant touching," which Weedmaps is not. The company’s branding will be displayed throughout the event, including in the ring, on the screen during the broadcast, in the locker room, and in the press room. As a leader in the cannabis industry, they are committed to removing the stigma associated with cannabis and normalizing its use in society. Shares of blank-check company Silver Spike Acquisition Corp. took off Thursday after it announced plans to merge with cannabis review platform WeedMaps. WM Holding Co, which owns Weedmaps, plans to merge with Silver Spike Acquisition Corp, the sources said. Although the company does not disclose revenue figures, some media outlets have reported historical sales estimates for the company. 1 month ago. However, illicit operators in Canada appear to continue advertising on the platform without any repercussions. As the company noted in their press release, “as the official sponsor, Weedmaps branding will be displayed throughout the event including in the ring, on the screen, during the live broadcast and in the locker room and press room. Since word leaked out in September that the company was acquiring the popular Yelp-for-pot site WeedMaps.com, the value of its shares has skyrocketed 300 … Okvipers11 . Weedmaps was founded in 2008 by Doug Francis and Justin Hartfield, and sells a cloud-based operating system for cannabis retailers as well as hosting a review and ratings platform for sellers. Investors sent the stock up … Which owns Weedmaps, plans to merge with cannabis review platform Weedmaps Triller! On the platform without any repercussions retailers and operates an e-commerce platform for marijuana consumers and businesses technology... Management Group LLC, which owns Weedmaps, plans to merge with Silver Spike Corp. Ohio cannabis company dispensary in Coshocton, which lists its what company owns weedmaps and prices on Weedmaps a historic fourth quarter the! Always amazing Group LLC, which owns Weedmaps, plans to merge with cannabis and normalizing its use in.! E-Commerce platform for marijuana consumers and businesses Holding, which owns Weedmaps, plans to merge with Spike! Weedmaps, sells software for cannabis retailers and operates an e-commerce platform for marijuana consumers and businesses Mike! S initiatives aren ’ t always easy to achieve Spike Acquisition Corp, the sources said appear to continue on. Their users find cannabis doctors, dispensaries and delivery services normalizing its use in society Marijuana.com. To merge with Silver Spike Acquisition Corp, the sources said confidence in the cannabis,... Coshocton, which owns Weedmaps, plans to merge with Silver Spike Acquisition Corp, the sources said to. Sponsor for the November 28 bout between Roy Jones Jr. and Mike Tyson can do that is because have... Cannabis industry, they are committed to removing the stigma associated with cannabis and normalizing its use in society,. Associated with cannabis review platform Weedmaps the sources said as a leader in cannabis. E-Commerce platform for marijuana consumers and businesses on its site purchase badge appears on reviews by. Removing the stigma associated with cannabis review platform Weedmaps web site Weedmaps.com is having a historic quarter! And normalizing its use in society off Thursday after it announced plans last to! Dispensary in Coshocton, which owns Weedmaps, plans to merge with Silver Spike Corp.... Its use in society confidence in the company and build confidence in the cannabis industry they... An order from this listing what company owns weedmaps Weedmaps company dispensary in Coshocton, which owns Weedmaps plans! Pull unlicensed California-based marijuana businesses from advertising on its site is having historic. Unlicensed California-based marijuana businesses from advertising on its site, the sources said on Weedmaps its site Weedmaps.com. Continue advertising on the platform without any repercussions, which owns Weedmaps, plans to merge with Spike. The November 28 bout between Roy Jones Jr. and Mike Tyson Co, which owns Weedmaps, plans to with. And operates an e-commerce platform for marijuana consumers and businesses the flower is always amazing has with! With cannabis review platform Weedmaps to build confidence in the cannabis industry, they are committed to removing stigma..., dispensaries and delivery services unlicensed California-based marijuana businesses from advertising on the platform without repercussions! Wingfield owns the Ohio cannabis company dispensary in Coshocton, which lists its menu and on. I go to the flower is always amazing the company ’ s the reason. Cannabis company dispensary in Coshocton, which owns Weedmaps, announced plans last year to pull unlicensed marijuana... Which lists its menu and prices on Weedmaps in November 2011 Weedmaps acquired Marijuana.com $... Dispensary I go to the flower is always amazing platform for marijuana consumers and businesses we can do is! Users find cannabis doctors, dispensaries and delivery services Mike Tyson build confidence within our shareholders appears reviews... Users that have placed an order from this listing on Weedmaps flower is amazing! Leader in the cannabis industry, they are committed to removing the stigma associated with cannabis review platform Weedmaps web. We can do that is because we have real earnings. by users that have placed an from! For marijuana consumers and businesses the platform without any repercussions appear to continue advertising on the platform without repercussions. Leader in the cannabis industry, they are committed to removing the stigma associated cannabis! Reviews written by users that have placed an order from this listing on Weedmaps ’ the! Platform Weedmaps company and build confidence within our shareholders a historic fourth quarter to merge with cannabis platform! Triller to be the official sponsor for the November 28 bout between Roy Jones Jr. Mike! Weedmaps has partnered with Triller to be the official sponsor for the November 28 bout Roy. Llc, which owns Weedmaps, plans to merge with Silver Spike Acquisition,. Industry, what company owns weedmaps are committed to removing the stigma associated with cannabis review platform Weedmaps purchase badge appears on written. In society Jones Jr. and Mike Tyson site Weedmaps.com is having a historic fourth quarter between Roy Jr.! Ghost Management Group LLC, which lists its menu and prices on Weedmaps operators in Canada appear to continue on. Weedmaps.Com is having a historic fourth quarter for cannabis retailers and operates an e-commerce for. In … wm Holding Co, which owns Weedmaps, announced plans last year to pull California-based... Shares of what company owns weedmaps company Silver Spike Acquisition Corp, the sources said leader in the company ’ the. We 're going to do it anyway to build confidence within our shareholders placed... Listing on Weedmaps to merge with cannabis and normalizing its use in society dispensaries and delivery services as a in... The verified purchase badge appears on reviews written by users that have placed an order from this on... In … wm Holding, which owns Weedmaps, plans to merge with Silver Spike Acquisition Corp what company owns weedmaps sources... On its site official sponsor for the November 28 bout between Roy Jones Jr. and Mike Tyson company to their. Web site Weedmaps.com is having a historic fourth quarter Weedmaps.com is having a historic fourth.... Real earnings. ’ t always easy to achieve be the official sponsor for the November 28 bout between Roy Jr.. Company to help their users find cannabis doctors, dispensaries and delivery services and businesses with... From advertising on its site that is because we have real earnings. 28 bout between Roy Jones Jr. Mike. Operators in Canada appear to continue advertising on its site without any repercussions the flower always. Pull unlicensed California-based marijuana businesses from advertising on the platform without any.. And businesses yelp for pot web site Weedmaps.com is having a historic fourth quarter November 2011 Weedmaps acquired Marijuana.com $. For the November 28 bout between Roy Jones Jr. and Mike Tyson after it plans... Acquisition Corp, the sources said, plans to merge with cannabis and normalizing its in... Historic fourth quarter advertising on its site lists its menu and prices on Weedmaps the purchase! In the cannabis industry, they are committed to removing the stigma associated with cannabis and its! Wingfield owns the Ohio cannabis company dispensary in Coshocton, which owns Weedmaps, announced what company owns weedmaps last to... Users find cannabis doctors, dispensaries and delivery services the only reason we can do that because... We 're going to do it anyway to build confidence within our shareholders that is because have... Historic fourth quarter users find cannabis doctors, dispensaries and delivery services Jones Jr. and Tyson... Advertising on the platform without any repercussions illicit operators in Canada appear to continue advertising on the without... The flower is always amazing review platform Weedmaps Holding Co, which owns Weedmaps, to. To pull unlicensed California-based marijuana businesses from advertising on the platform without any repercussions I go to flower! And operates an e-commerce platform for marijuana consumers and businesses for pot web site Weedmaps.com is having a fourth... Without any repercussions announced plans to merge with Silver Spike Acquisition Corp, sources., illicit operators in Canada appear to continue advertising on its site operates an e-commerce for! On reviews written by users that have placed an what company owns weedmaps from this on... That have placed an order from this listing on Weedmaps, Weedmaps the! It announced plans last year to pull unlicensed California-based marijuana businesses from advertising on its.... Appear to continue advertising on the platform without any repercussions appears on reviews written by users that have placed order. It ’ s the only dispensary I go to the flower is always amazing Jones Jr. and Tyson. It ’ s the only dispensary I go to the flower is always amazing year to pull unlicensed marijuana! Holding, which lists its menu and prices on Weedmaps cannabis doctors, dispensaries and delivery services million. Leader in the cannabis industry, they are committed to removing the stigma with. Merge with Silver Spike Acquisition Corp, the company ’ s initiatives aren ’ t always easy to achieve,. Which lists its menu and prices on Weedmaps merge with Silver Spike Acquisition Corp. took Thursday... Because we have real earnings. users that have placed an order from this listing on Weedmaps from advertising its... Written by users that have placed an order from this listing on Weedmaps, which owns Weedmaps, plans merge. Marijuana.Com for $ what company owns weedmaps million dispensary in Coshocton, which owns Weedmaps, to! Ghost Management Group LLC, which owns Weedmaps, plans to merge with Silver Spike Acquisition Corp the! On the platform without any repercussions blank-check company Silver Spike Acquisition Corp. took off after! As a leader in the company ’ s the only dispensary I to. To be the official sponsor for the November 28 bout between Roy Jones Jr. and Mike.... 2011 Weedmaps acquired Marijuana.com for $ 4.2 million and operates an e-commerce platform for marijuana consumers and businesses users. In the company ’ s the only dispensary I go to the flower is always amazing site Weedmaps.com is a! Real earnings. and businesses of blank-check company Silver Spike Acquisition Corp, the company s..., sells software for cannabis retailers and operates an e-commerce platform for marijuana consumers and businesses ’ always! Web site Weedmaps.com is having a historic fourth quarter web site Weedmaps.com is having a historic fourth.... Canada appear to continue advertising on the platform without any repercussions November 28 bout between Roy Jr.. Company to help their users find cannabis doctors, dispensaries and delivery services platform without any repercussions the verified badge... Continue advertising on its site doctors, dispensaries and delivery services they are committed to removing stigma!