Wm Technology, Inc. (OTC: MAPS)

WM Technology, Inc. operates a leading online cannabis marketplace and provides a suite of eCommerce and compliance software solutions for cannabis businesses in the United States. The company’s platform includes the Weedmaps consumer marketplace for product discovery and the Weedmaps for Business software-as-a-service offering that helps retailers and brands manage operations and comply with state regulations.

WM Technology, Inc. generates revenue primarily through subscription fees for its Weedmaps for Business software solutions and through advertising and promotional services sold on its Weedmaps marketplace. Customers include licensed cannabis retailers, delivery operators, and brands that pay for listings, order management tools, marketing campaigns, and data analytics.

WM Technology, Inc. holds a leading position as the largest two sided platform serving both cannabis consumers and businesses in the United States. The company faces competition from specialized services such as Leafly, Dutchie and Jane Technologies as well as from broader platforms like Google, Yelp and Shopify. Its competitive advantages include a long operating history since 2008, a comprehensive integrated software suite, a growing first party data asset, and a capital efficient cloud based model.

WM Technology, Inc. serves licensed cannabis retailers, delivery operators, and brands that operate in state legal markets across the United States. The company also provides its marketplace to consumers seeking information about cannabis products and retail locations.