Added to YB: 2024-06-18
Pitch date: 2024-06-14
MAPS [bullish]
WM Technology, Inc.
+13.73%
current return
Author Info
Clark Square Capital is a former equity analyst and now a full-time investor managing their own capital. Sign up for their newsletter
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
$101.9M
Pitch Price
$1.02
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.20
P/E
13.54
EV/Sales
0.81
Sector
Software
Category
special_situation
WM Technology
MAPS: Cannabis ad platform set for boost from likely 2024 rescheduling; 280E repeal to drive retail marketing spend. Founder 13D signals takeout potential. Trades <3x EBITDA vs $4+ bull case on $70M EBITDA at 10x. 30% downside on -15% sales, 0.5x EV/sales. Risks: reschedule delay/failure, industry deterioration.
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