The co-founders of WM Technology Inc., the parent company of online cannabis marketplace Weedmaps, have submitted an offer to take the company private at $1.70 per share in cash, according to a letter sent to the board of directors on Tuesday. The news sent shares of WM Technology (Nasdaq: MAPS) surging 16.39% to $1.42 in […]
The parent company of online cannabis advertising giant Weedmaps – California-based WM Technology Inc. (Nasdaq: MAPS) – plans to raise $224.3 million by more than doubling the number of shares issued to date to stockholders, the company said in a pair of prospectus filings with securities regulators this month. The two prospectuses from Weedmaps would […]
The Daily Hit is a recap of the top financial news stories for Tuesday, November 19, 2024. On the Site Weedmaps executives face another lawsuit over inflated metrics This latest lawsuit accuses certain board members and executives of failing in their fiduciary duties. Read more here. US Senate Ag Committee Chair introduces new farm bill […]
This move, aimed at freezing the Conditional Adult-Use Retail Dispensary (CAURD) program, holds profound implications for the cannabis market’s future in the Empire State. MSOs Seeking a Stake in the Fight The 11th hour emergence of CARSC as a player in the lawsuit marks a significant turning point in the battle over the CAURD program. […]
