MAPS News & Events

Sees Q4 Non-GAAP Adjusted EBITDA is estimated to be approximately $5 million to $7 million.

Reports Q3 revenue $42.176M vs $46.552M last year. "Our third-quarter results reflect disciplined execution in a challenging market. While conditions across our core states remain pressured, we continue to focus on delivering value to our clients and strengthening our marketplace for the long term," said Doug Francis, CEO of WM Technology. "We're mindful of the challenges ahead and are taking a disciplined approach to position the company as the industry continues to evolve."

WM Technology (MAPS) announced the appointment of Sarah Griffis as the company's new CTO. Prior to joining Weedmaps, Griffis spent three years as CTO at Cerebral.

WM Technology confirmed that it has received a non-binding proposal from Douglas Francis, a founder, CEO and chairman of the board of directors of WM Technology, and Justin Hartfield, a founder and stockholder of WM Technology, to purchase all of the outstanding common stock of WM Technology not already beneficially owned by Francis and Hartfield. Francis and Hartfield currently beneficially own approximately 32% of the outstanding shares of WM Technology's common stock. According to the terms of the proposal, which is subject to certain conditions, Francis and Hartfield would acquire all of the shares of common stock of WM Technology not already owned by Francis and Hartfield for $1.70 per share of common stock of WM Technology. The board has formed a special committee consisting of disinterested and independent directors to consider the proposal. The special committee intends to consider the proposal with the assistance of its outside financial and legal advisors.