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Weedmaps spac merger

weedmaps spac merger Weedmaps, a cannabis review site and software company, announced Thursday that it has agreed to go public through a merger with a special purpose acquisition company (SPAC). Jul 23, 2021 · WM Technology (NASDAQ: MAPS), which owns Weedmaps, is one of the cannabis industry's hot new stocks this year. Weedmaps is a popular listing service for local cannabis shops and it is also . 5 billion valuation through a merger with Silver Spike Acquisition Corp. Weedmaps, a leading technology and software developer for the cannabis industry, is expected to go public on the NASDAQ soon via an SPAC merger. Weedmaps was founded in 2008 by Doug Francis and Justin Hartfield in California. The SPAC merger will provide "a stronger platform" for pursuing marijuana legalization, social equity, . Companies that are involved with selling marijuana or “plant touching” cannot list shares in the U. Cannabis Tech Co. Jun 21, 2021 · Tori Cress, an Anishnaabe and Pottawatome Kwe from Beausoleil First Nation and the co-founder of Idle No More-Ontario, had been dealing with feelings of “rage and anger” after hearing the devastating news of 215 Indigenous children – some as young as three years old — found in a mass grave in a former residential school in Kamloops, B. WM Holding Company (WMH) is planning to go public following a $1. This is assuming a $10 share price with a committed PIPE. Weedmaps announced that it will go public via a SPAC called Silver Spike Acquisition Corp in a $1. The #SPAC silver spike acquisitions is taking #WMHolding public via … Dec 10, 2020 · WM Holding, which owns Weedmaps, sells software package for cannabis stores and runs an on-line system for marijuana buyers and corporations. Chris Beals, WM Technology, Inc CEO joins the Yahoo Finance Live panel to discuss the latest on Weedmaps SPAC deal. The transaction is expected to provide up to $575 million, including $325 million from the PIPE. We want to carry on providing the important cannabis sector I’m excited about this new merger and investing in Weedmaps. Weedmaps has announced its plan to go public via SPAC in a $1. 5 billion SPAC merger Cannabis Tech Co. Such a move would surely lift cannabis plays like the Weedmaps SPAC merger. The first SPAC in the plant-based (read: cannabinoid) space, WeedMaps is THE leading technology platform for the Cannabis Industry. The Weedmaps IPO comes after closing a SPAC merger. Not all Canadian-based trading platforms offer access to US stocks. Weedmaps is on track to deliver $160 million in revenue and has been profitable for its entire 12-year history, Beals said. stock exchange . Dec 24, 2020 · I like the merger delay to allow the dems to enter the white house. Jan 09, 2021 · Today #weedmaps goes public and this is a company I am very interested in investing into. Weedmaps allows customers to order cannabis online from dispensaries and find delivery options and deals. 8: McLaren SPAC Merger News. 1B in merger value from only $270 M in IPO proceeds, and 7 SPACs are searching for a target after raising $1. Dec 10, 2020 · Weedmaps is on track to deliver $160 million in revenue and has been profitable for its entire 12-year history, Beals said. Dec 11, 2020 · Weedmaps is a special example of a business focused on the cannabis sector listing on a U. these guys are calculated. June 10: Vote on a merger between Weedmaps and Silver Spike Acquisition Corp (NASDAQ: SSPK). It’s hard to keep track of everything SPAC, but we believe the first cannabis SPAC has now been announced. Aug 03, 2021 · The company said in a recent note, “Nine SPAC mergers have been completed totaling $5. Weedmaps' merger details. PIPE commitments include investors such as AFV Partners, the Federated Hermes Kaufmann Funds and Senvest . 9% last week on no particularly positive news for the third-party delivery app, but traders moved sharply into its stock because short interest on the stock surged 24% to 14. Combining three of 2020’s dankest business trends - cannabis, SPACs and tech - Cooley and Davis Polk & Wardwell got the . Weedmaps CEO Chris Beals joins Yahoo Finance Live to discuss. Silver Spike is a special purpose acquisition company (SPAC), which . The SPAC merger will offer “a more powerful system” for pursuing cannabis legalization, social equity, and licensing in new jurisdictions, WM Keeping CEO Chris Beals reported in a push release . Jan 08, 2021 · Weedmaps Stock Analysis! 300% Upside? This video looks at SSPK SPAC which is merging with Weedmaps. Chris Beals, CEO of WM Technology, joined Cheddar to talk about the company’s path to launching an IPO through a SPAC merger with Silver Spike Acquisition. I believe that as other states legalise the use of recreational cannabis and weedmaps is able to expand nationwide, we are going to not only bounce back to the high $20 sp but well into the $30s. 8B in IPO proceeds, 2 SPAC mergers are pending totaling $2. The company faced legal trouble in 2018 due to listing non . Weedmaps Stock. WeedMaps CEO Chris Beals joins CNBC's "Squawk on the Street" team to discuss how it's going public via a SPAC and the future of legalizatio. 5 billion valuation through a merger with a blank-check firm, the company said on Thursday, as recent enthusiasm points to high . WeedMaps CEO on going public in a $1. 5 billion merger deal with special purpose . WM Holding Company, LLC (“WMH” or “WM Holding”) operates Weedmaps, the leading online listings marketplace for cannabis consumers, and WM Business, a comprehensive software-as-a-service . Dec 10, 2020 · WM Holding Company, LLC, the Leading Technology Platform to the Cannabis Industry, to List on Nasdaq Through Merger With Silver Spike Acquisition Corp. Silver Spike Acquisition Corp. review the weedmaps board. give yourself and your family an early 2021 XMAS gift. 5 billion valuation by merging with Silver Spike . the DOJ and merger delay are probably the only reason why shares are to be had at this price. Weedmaps Will Go Public Through Silver Spike SPAC Merger Weedmaps will go public, listing on the Nasdaq Stock Market, by merging with blank-check firm Silver Spike. But when you look at what Weedmaps is doing specifically maybe at the scale, I mean, what are the . Author: With this merger, we will be able to continue scaling the Weedmaps marketplace in the U. SSPK Stock: Why Silver Spike Shares Are Surging Ahead of the Weedmaps SPAC Merger The marijuana SPAC deal news comes a week after the House approved a bill to decriminalize pot Weedmaps was founded in 2008 and has about 10 million monthly users. . Silver Spike is a special purpose acquisition company (SPAC), which raise funds in an initial public offering (IPO) with the aim of buying a private company. (NASDAQ: SSPKU) gained 24. (SSAC), an affiliate of Silver Spike Capital, is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition . com brief on the Weedmaps SPAC merger here. Summary. Weedmaps parent company slumps after SPAC deal June 21, 2021, 10:09 a. The company going public is Weedmaps, a cloud-based SaaS solutions provider of an end-to-end operating system for cannabis retailers. $SSPK spac to merge with W. 2 million shares, or 11% of its outstanding stock. Weedmaps, often called the Yelp of cannabis, is going public via the SPAC Silver Spike Acquisition (NASDAQ:SSPK). C. The company plans to go public at a $1. So SSPK SPAC will convert into Weedmaps stock if the merger goes through. In December 2020, SSPK announced their merger agreement with WM Holdings (WeedMaps parent). SPACs provide an alternative . , a blank-check acquisition firm. Feb 05, 2021 · Riding a wave of optimism for marijuana stocks, WM Holding — the parent company of popular dispensary directory Weedmaps — recently revealed that it plans to go public via a merger with a special purpose acquisition company (SPAC). 5 billion and would be a rare example of a cannabis-related company listing on a U. I will be buying shares overtime to average in for my final position. Among other U. 5 billion. About Cannabis user-review site Weedmaps' parent will go public at a $1. Cannabis Review Site Weedmaps Plans IPO After Closing $1. m. Weedmaps parent company slumps after SPAC deal 21 June 2021, 10:09 am Chris Beals, WM Technology, Inc CEO joins the Yahoo Finance Live panel to discuss the latest on Weedmaps SPAC deal. WeedMaps CEO Chris Beals joins CNBC's "Squawk on the Street" team to discuss how it's going public via a SPAC and the future of legalization of marijuana in the United States. 5 Billion SPAC Merger. As part of the merger with Silver Spike, Weedmaps will get cash proceeds of $579 million, which includes $254 million from the trust account of the SPAC and another $325 . Jun 21, 2021 · Shares of DoorDash (NYSE: DASH) soared 12. However the closest catalysis is going to the closing of the merger and official ticker change. … Dec 11, 2020 · Weedmaps won a blockbuster cannabis SPAC deal. I’m excited about this new merger and investing in Weedmaps. Dec 10, 2020 · Earlier this week, Weedmaps jumped on the SPAC bandwagon and is working to complete a transaction to go public at a $1. Online cannabis listing service Weedmaps going public via SPAC merger. In 2008, Weedmaps was founded and is considered to be a high-profile cannabis business. WM Holdings, the parent company of Weedmaps, operates in nine countries and offers . The Weedmaps SPAC IPO gives the tech company a post-transaction value of $1. WeedMaps is basically the Yelp of Weed. 2B from IPOs. stock exchange. Get plugged in with the Weedmaps app. The company expects to have $205 million in revenue for 2021 . iOS Android. 4B in merger value from $1. We’ve been profitable our entire history, and I think, above all things, we really wanted to be thoughtful, I think, pragmatic, about how we . Load the Boat. "We’re 13 years old. Cannabis-tech company Weedmaps has made its public debut on the Nasdaq. S. WM Holding Company, LLC (“WMH” or “WM Holding”) operates Weedmaps, the leading online listings marketplace for cannabis consumers, and WM Business, a comprehensive software-as-a-service (“SaaS”) subscription offering. The deal's structure is a merger between Weedmaps's parent, WM Holding Company and Silver Spike Acquisition Corp, a SPAC or special purpose . A community connecting cannabis consumers, patients, retailers, doctors, and brands since 2008. The deal values the self-described "cannabis tech marketplace" at $1. Dec 10, 2020 · Davis Polk, Cooley take the lead in SPAC-meets-cannabis Weedmaps deal. Jan 07, 2021 · Weedmaps Stock !! Spac Merger Alert #1 Cannabis Buy. No. And the parent company going public via a SPAC merger with Silver Spike Acquisition Corp. 5B deal. S . Dec 10, 2020 · WeedMaps to Go Public Via SPAC Deal December 10, 2020 WM Holding Business, LLC, the Leading Innovation Platform to the Cannabis Market, to Note on Nasdaq Through Merger With Silver Spike Acquisition Corp. For more, read the InvestorPlace. When asked why he went the SPAC route rather than the traditional route Weedmaps CEO Chris Beals, told CNBC’s Squawk On the Street this morning , that he saw strong growth signals for the industry, both from new states legalizing marijuana and from expansion in regions where the product is . I will be buying shares overtime to average in for . and internationally in service of our users while expanding the functionality of our WM Business SaaS . The Weedmaps platform helps people find the nearest pot shop and makes it easy for . The stock jumped 9% in its post-SPAC-merger debut Wednesday. If you want to buy in from Canada, you’ll need to find a brokerage that provides access to international stock exchanges. 15% today after this morning announcing a deal to take WM Holding . Cannabis Law Report Has Been Publishing Legal, Professional & Regulated Cannabis News Daily Since 2016 – All For Free. Weedmaps parent company slumps after SPAC deal 21 June 2021, 1:09 pm Chris Beals, WM Technology, Inc CEO joins the Yahoo Finance Live panel to discuss the latest on Weedmaps SPAC deal. Dec 11, 2020 · Investors have poured nearly $3 billion into blank-check companies, or SPACs, designed to take advantage of deals in the cannabis industry since the start of 2019. or SPAC, announced plans to merge with Weedmaps' parent company. Weedmaps operates in nine countries and has more than 10 million monthly active users. weedmaps spac merger

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