weedmaps is an online legal marijuana community that allows users to review and discuss cannabis strains and local dispensaries. the website is similar to yelp and contains a database with over 3,000 medical marijuana dispensaries and 25,000 strains of cannabis. the company was launched in july 2008 by justin hartfield and doug francis. the site attracts approximately four million monthly visitors and has annual revenue of $30 million. weedmaps is widely considered the industry leader and premier medical marijuana site on the web, catering to the entire industry from patients to businesses and continues to see substantial growth. weedmaps provides listing services for medical marijuana dispensaries, doctors’ offices and delivery services throughout the united states. the site accepts reviews from any patient in medical marijuana states. along with its business and social services, weedmaps also participates in and hosts events connecting medical marijuana patients with one another an
Company profile
Ticker
MAPS
Exchange
Website
CEO
Scott Gordon
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Microsoft • Oracle • Mobileye Global Inc - Ordinary Shares • Activision Blizzard • Gen Digital • Vmware • Adobe • Salesforce • BlackBerry • Dayforce ...
Former names
Silver Spike Acquisition Corp.
SEC CIK
Corporate docs
Subsidiaries
WM Holding Company, LLC • Weedmaps Germany GmbH • Ghost Management Group, LLC • GMG Holdco, Inc. • Weedmaps Media, LLC • Discovery Opco, LLC • WM Enterprise, LLC • WM Marketplace, LLC • WM Canada Holdings, Inc. • WM Museum, LLC ...
MAPS stock data
Latest filings (excl ownership)
8-K
WM Technology, Inc. Announces Notification of Delinquency with Nasdaq
8 Apr 24
8-K
WM Technology, Inc. Reports Preliminary Full Year 2023 Results
1 Apr 24
NT 10-K
Notice of late annual filing
18 Mar 24
8-K
Departure of Directors or Certain Officers
1 Mar 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
29 Dec 23
10-Q
2023 Q3
Quarterly report
8 Nov 23
8-K
WM Technology, Inc. Reports Third Quarter 2023 Financial Results
8 Nov 23
8-K
Departure of Directors or Certain Officers
6 Oct 23
8-K
Departure of Directors or Certain Officers
15 Aug 23
10-Q
2023 Q2
Quarterly report
8 Aug 23
Latest ownership filings
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 27.72 mm | 27.72 mm | 27.72 mm | 27.72 mm | 27.72 mm | 27.72 mm |
Cash burn (monthly) | (no burn) | 537.42 k | 1.85 mm | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 3.67 mm | 12.64 mm | n/a | n/a | n/a |
Cash remaining | n/a | 24.05 mm | 15.08 mm | n/a | n/a | n/a |
Runway (months of cash) | n/a | 44.7 | 8.2 | n/a | n/a | n/a |
Institutional ownership, Q3 2023
52.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 71 |
Opened positions | 14 |
Closed positions | 22 |
Increased positions | 15 |
Reduced positions | 20 |
13F shares | Current |
---|---|
Total value | 41.58 bn |
Total shares | 48.99 mm |
Total puts | 10.80 k |
Total calls | 493.91 k |
Total put/call ratio | 0.0 |
Largest owners | Shares | Value |
---|---|---|
Justin Hartfield | 8.47 mm | $174.04 mm |
MS Morgan Stanley | 6.27 mm | $8.27 bn |
Silver Spike | 6.25 mm | $78.00 mm |
Vanguard | 6.06 mm | $7.99 bn |
Senvest Management | 5.85 mm | $7.72 bn |
Alger Associates | 2.89 mm | $17.28 mm |
Mirae Asset Global Investments | 2.24 mm | $2.96 bn |
Falcon Edge Capital | 2.12 mm | $2.80 bn |
Penserra Capital Management | 1.21 mm | $1.62 bn |
D. E. Shaw & Co. | 1.06 mm | $1.39 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
11 Mar 24 | Anthony Bay | Class A Common Stock | Sell | Dispose S | No | No | 0.88 | 6,676 | 5.87 k | 472,828 |
16 Nov 23 | Brian Camire | Class A Common Stock | Sell | Dispose S | No | No | 0.8794 | 46,261 | 40.68 k | 753,164 |
16 Nov 23 | Duncan Grazier | Class A Common Stock | Sell | Dispose S | No | No | 0.8808 | 35,967 | 31.68 k | 769,308 |
1 Oct 23 | Freeman Brenda | Class A Common Stock | Grant | Acquire A | No | No | 0 | 312,500 | 0.00 | 589,627 |