Professional
Added to YB: 2025-03-24
Pitch date: 2025-03-10
MAPS [bullish]
WM Technology, Inc.
+6.25%
current return
Author Info
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Company Info
WM Technology, Inc., an online cannabis marketplace, provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States and internationally.
Market Cap
$140.7M
Pitch Price
$1.28
Price Target
N/A
Dividend
N/A
Sector
Software
Category
special_situation
Show full summary:
TMR Capital Portfolio Holding: WM Technology, Inc.
MAPS: Cannabis marketplace w/ $180M rev, 95% GM, 17% EBITDA margin, FCF+. Dominant platform w/ network effects. 1x rev, 6x EBITDA. Co-founders bid $1.7/sh vs $1.3 current. Activist urges Board reject lowball offer, pursue capital allocation strategy for improved balance sheet & market attention.
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