Added to YB: 2024-03-28
Pitch date: 2024-02-11
MAPS [bullish]
WM Technology, Inc.
Author Info
Clark Square Capital is a former equity analyst and now a full-time investor managing their own capital. Sign up for their newsletter
Company Info
WM Technology, Inc. provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States and internationally.
Market Cap
$95.1M
Pitch Price
N/A
Price Target
4.30
Dividend
N/A
EV/EBITDA
5.08
P/E
-14.38
EV/Sales
0.95
Sector
Software
Category
special_situation
WM TECHNOLOGY INC - $MAPS
MAPS at $0.92/share, $150M cap, $30M net cash, EV $120M. Bullish on cannabis rescheduling in '24, removing 280E burdens, boosting sector profits & MAPS' marketing rev. Trades at ~3x adj EBITDA, with a low at $0.65, high $4.30 potential. Leading Weedmaps platform with high margins, surviving sector downturn, poised for growth. Risks: No DEA reschedule, further industry woes.
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