Discover the best marijuana ETFs traded in American and Canadian exchanges and where and how to buy them. WM Holding Company, a cannabis technology company which operates the online U.S. platform Weedmaps where users find and rate marijuana sellers, said on Thursday it has agreed to go public through a merger with Silver Spike Acquisition Corp. Companies are unable to list shares in the United States if their business involves selling marijuana or is "plant touching," which Weedmaps is not. While facing industry setbacks, cannabis mostly survived through the coronavirus pandemic due to various regulatory wins via essential statuses granted and cannabis reforms in several states. Article content. Check out Benzinga's best marijuana penny stocks for 2021: updated daily. Check out the best CBD softgels online in 2021 and try one for yourself! The technology and software provider to the cannabis industry has signed a definitive agreement with a publicly traded special purpose acquisition company (SPAC), Silver Spike. WeedMaps to Go Public Via SPAC Transaction. Weedmaps has decided to go public via a merger with Silver Spike Acquisition Corp. (NASDAQ:SSPK). 1.60, + The deal is dependent on the authorization of Silver Spike’s shareholders and other usual closing requirements. Views about medical marijuana appear to be changing across the South, where efforts to legalize it have long been stymied by Bible Belt politics. Share this article: Cannabis user-review site Weedmaps' parent will go public at a $1.5 billion valuation through a merger with a blank-check firm, the company said … In a news release, Weedmaps parent company WM Holding (WMH) said it would merge with Silver Spike Acquisition Corp. (SSPK), a blank check company formed by investment management firm Silver Spike Capital.. Weedmaps, the oft-controversial however ever-successful hashish advertising large, is going public by means of a deal that values the corporate produced by means of the transaction at a whopping $1.5 billion. Weedmaps is going public December 13, 2020 FILE-In this Tuesday, Aug. 6, 2019 file photo file photo, Marijuana plants growing under special grow lights, at GB Sciences Louisiana, in Baton Rouge, La. 0.15%, + Weedmaps is going public December 13, 2020 FILE-In this Tuesday, Aug. 6, 2019 file photo file photo, Marijuana plants growing under special grow lights, at GB Sciences Louisiana, in Baton Rouge, La. After a tumultuous year, the cannabis industry finds itself in a place many industries wish to be in: An advantageous situation. The deal will value Weedmaps at $1.5 billion. 0.69, + The company going public is Weedmaps, a cloud-based SaaS solutions provider of an end-to-end operating system for cannabis retailers. Weedmaps has more than 10 million monthly active users and 18,000 business listings across every state with a legal cannabis market, the District of Columbia, and Puerto Rico. With all the laws regarding medical marijuana, it can be hard to be sure whether or not yours is covered. Opinions expressed here are solely the author’s and have not been reviewed, approved or otherwise endorsed by reviewers. Learn how to invest in marijuana stocks now. Silver Spike's chairman and CEO, Scott Gordon, will join the board of the combined group. The technology and software provider to the cannabis industry has … Aside from Weedmaps, WMH is also known for its WM Business, which is an extensive software-as-a-service subscription offering for cannabis retailers and brands. 0.23, + Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Weedmaps will go public, listing on the Nasdaq Stock Market, by merging with blank-check firm Silver Spike. 1 hour ago. The deal to take Weedmaps public, which values the company at around $1.5 billion, is a rare example of a business focused on the cannabis sector listing on a U.S. stock exchange. The deal to take Weedmaps public, which values the company at around US$1.5 billion, is a rare example of a business focused on the cannabis … + Online cannabis listing service Weedmaps going public via SPAC merger Dec. 10, 2020 4:52 PM ET Silver Spike Acquisition Corp. UNIT EX (SSPKU) By: Stephen Alpher , … Learn how to insure your cannabis business with our top rated cannabis insurance companies. MOJAVE JANE BRANDS INC by Mojave Jane Brands Inc. KALYTERA THERAPEUTICS ORD by Kalytera Therapeutics Inc. Invesco S&P 500 Equal Weight Industrials Portfolio. 'Halftime Report' Traders Advise Viewers On Salesforce, ... Tesla, Volkswagen, Renault See Strong Share In Europe: Over 1 ... Do Not Sell My Personal Data/Privacy Policy. EASTWEST BIOSCIENCE INC by EastWest Bioscience Inc. Weedmaps, the oft-controversial but ever-successful cannabis advertising giant, is going public through a deal that values the company produced through the transaction at a whopping $1.5 billion.. December 10, 2020 at 8:13 am Published by NCV Newswire WM Holding Company, LLC, the Leading … The main goal of 420 Investor is to provide real-time, objective information about the top marijuana companies in the market in order to help investors capitalize on cannabis. More details about the transaction will be revealed in a Form 8-K to be submitted by Silver Spike with the SEC. INNER SPIRIT HOLDINGS ORD by Inner Spirit Holdings, ALLIANCE GROWERS CORP ORD by Alliance Growers Corp, CloudMD Software & Services Inc Ordinary Shares, DionyMed Brands Inc Subordinate Voting Shares, Skylight Health Group Inc Ordinary Shares. GAINERS: WM Holding Co., the parent of Weedmaps, an Irvine-based online provider of the locations of cannabis dispensaries, plans to go public through a reverse merger that may value the company around $1.5 billion. 0.6%, + Editorial Disclosure: Reviews are as determined by Benzinga Money. The operator of U.S. online platform Weedmaps, where users rate cannabis sellers, is nearing a deal to go public at a $1.5 billion valuation through a … According to a information launch, the web site’s house owners, WM Holding Co., will merge with blank-check acquisition agency Silver Spike Acquisition Corp. to […] Keep your business and your grow operation safe and protected. The mother of innovation ” via a merger with Silver Spike Acquisition Corp learn how to buy them for. News alerts, and more an advantageous situation: $ 160M in 2020 PROJECTED. Public through a merger with Silver Spike Spike 's Chairman and CEO, Scott Gordon will. 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