Added to YB: 2026-03-06
Pitch date: 2026-03-05
MAPS [bullish]
WM Technology, Inc.
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
$76.1M
Pitch Price
N/A
Price Target
1.20
Dividend
N/A
EV/EBITDA
3.70
P/E
10.11
EV/Sales
0.67
Sector
Software
Category
value
WM Technology, Inc. - $MAPS
MAPS (overview): Cannabis marketplace at 0.7x EBITDA ($28M EV vs $37.6M EBITDA), $62.6M cash (68% of stock price), zero debt, +$10M cash/9mo. Founders bid $1.70 in Jun '25, withdrew on 'external factors' but still run co & own 32-39.5%. Rev declining ~5%/yr but stable clients. Base case 4x FCF = $1.20 IV vs $0.63 price. Risk: dual-class control, no catalyst guarantee, structural rev decline.
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