WM Holding Co, which owns Weedmaps, plans to merge with Silver Spike Acquisition Corp, the sources said. 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. 5 stars. 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. 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. Ghost Management Group LLC, which owns Weedmaps, announced plans last year to pull unlicensed California-based marijuana businesses from advertising on its site. 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. We're going to do it anyway to build confidence in the company and build confidence within our shareholders. Investors sent the stock up … Brian Wingfield owns the Ohio Cannabis Company dispensary in Coshocton, which lists its menu and prices on WeedMaps. 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 has partnered with Triller to be the official sponsor for the November 28 bout between Roy Jones Jr. and Mike Tyson. However, illicit operators in Canada appear to continue advertising on the platform without any repercussions. Okvipers11 . Weedmaps is heavily involved in advertising and advocacy. 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. Best in Oklahoma. 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 … 5.0. And the only reason we can do that is because we have real earnings. However, the company’s initiatives aren’t always easy to achieve. 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. In November 2011 Weedmaps acquired Marijuana.com for $4.2 million. Founded in 2008, Weedmaps was the first technology company to help their users find cannabis doctors, dispensaries and delivery services. 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. The deal values Weedmaps at $1.5 billion. WM Holding Company – the parent of Weedmaps – is set to go public through a merger with Silver Spike Acquisition Corp. The verified purchase badge appears on reviews written by users that have placed an order from this listing on Weedmaps. Although the company does not disclose revenue figures, some media outlets have reported historical sales estimates for the 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. “If they’re going to be a part of the supply chain and enter the legal market, do it with both feet. The deal could be announced … Verified purchase. The twelve-person Orange County concern just went public through a de facto reverse merger with LC … WM Holding Co, which owns Weedmaps, plans to merge with Silver Spike Acquisition Corp, the sources said. 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. It’s the only dispensary I go to the flower is always amazing. " Alex and Justin Weidmann, Co-Founders of MMJMenu, have built a great company around great software," said Justin Hartfield, Chief Web Officer of WeedMaps. Yelp for pot web site Weedmaps.com is having a historic fourth quarter. Shares of blank-check company Silver Spike Acquisition Corp. took off Thursday after it announced plans to merge with cannabis review platform WeedMaps. 1 month ago. Best shop in Oklahoma for sure. 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. Founded in … WM Holding Co, which owns Weedmaps, plans to merge with Silver Spike Acquisition Corp, the sources said. Founded in 2008, WMH is the leading two-sided marketplace and SaaS provider to the cannabis industry, comprising the Company’s B2C marketplace, Weedmaps… The dispensary updates the … WM Holding Co, which owns Weedmaps, plans to merge with Silver Spike Acquisition Corp SSPKU.O, the sources said. 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. As a leader in the cannabis industry, they are committed to removing the stigma associated with cannabis and normalizing its use in society. WM Holding, which owns Weedmaps, sells software for cannabis retailers and operates an e-commerce platform for marijuana consumers and businesses. 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