Reuters first reported news of the deal on Wednesday. For example, Google stock for 10 years increased 13 times (1294 percent): if you invested 10 thousand dollars in Google stock during the IPO 10 years ago, today their value would exceed 139 thousand 458 dollars. Silver Spike is led by cannabis industry executive Scott Gordon. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. The latest information on initial public offerings (IPOs), including latest IPOs, expected IPOs, recent filings, and IPO performance from Nasdaq. Weedmaps parent WM Holding Co. going public via merger with Silver Spike Acquisition Corp. Weedmaps... by IPO Edge. By accessing this page, you agree to the following By Joshua Franklin (Reuters) - The operator of U.S. online platform Weedmaps, where users rate cannabis sellers, is nearing a deal to go public … We strive to ensure our content is clear and honest. Follow this list to discover and track the stock of publicly traded companies with exposure to cannabis Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Companies are unable to list shares in the United States if their business involves selling marijuana or is "plant touching," which Weedmaps is not. DoorDash (DASH) shares open for trading at $182, almost double their IPO price of $105. Steps to owning and managing FDP, with 24-hour and historical pricing before you buy. Everything we know about the Apartment List IPO, plus information on how to buy in. Please tick the box if you wish to continue with newsletter subscription. Everything we know about the Driven Brands Holdings IPO, plus information on how to buy in. 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 sector listing on a U.S. stock … by IPO Edge. “Medical Marijuana Inc. is a very dubious stock,” says Weedmaps founder Justin Hartfield, now Chief Web Officer of General Cannabis. WM Holding Co, which owns Weedmaps, plans to merge with Silver Spike Acquisition Corp, the sources said. Weedmaps - an e-commerce platform focused on the marijuana industry - will become a publicly traded company through a merger with blank-check … Weedmaps is on track to deliver $160 million in revenue and has been profitable for its entire 12-year history, Beals said. Get a personal advisor when you open an account with at least $50,000. Weedmaps IPOOOps – The Weedmaps IPO May Face Problems with a $6.2 Billion Dollar Fine and Possible Money Laundering Inquiries from the Federal Government In one of the worst kept secrets in the cannabis space, Ghost Group LLC, dba Weedmaps, is planning an IPO in Canada in 2020, but they have some major hurdles to cross before getting an auditor and SEC clearance on issuing stock. We encourage you to compare stock platforms to find one that's best for your particular budget and goals. The valuation and the stock pop are a clear indication that investors are bullish on cannabis tech, warts and all. Seer stock is a pure-play pick-and-shovel play on proteomics. 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. 32 East 31st Street, 4th Floor, (Reporting by Joshua Franklin in Miami; Editing by Stephen Coates), WM Holding to List on Nasdaq Through Merger With Silver Spike Acquisition, Cannabis review site Weedmaps agrees $1.5 billion deal to go public, Silver Spike Acquisition Shares Halted, News Pending. Everything we know about the Agrify Corporation IPO, plus information on how to buy in. Seer stock is a pure-play pick-and-shovel play on proteomics. The deal would come less than a week … 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. We may rely on information that is provided to us. Silver Spike shares were indicated up 8.8% at $11.41 in premarket trading. The stock is up 125% since the merger finalized. We may also receive compensation if you click on certain links posted on our site. The acquired company then becomes public as a result of the merger and is an alternative to the traditional IPO process. Perhaps the jump in SSPK stock … Stocks, Options, ETFs, Cryptocurrency. HYFM Stock: 13 Things to Know About the Red-Hot Hydrofarm IPO InvestorPlace 20d Blank-check firm Silver Spike rallies 49% after merging with cannabis-tech platform Weedmaps Finder is committed to editorial independence. The company going public is Weedmaps, a cloud-based SaaS solutions provider of an end-to-end operating system for cannabis retailers. The operator of U.S. online platform Weedmaps, where users rate cannabis sellers, is nearing a deal to go public at a US$1.5 billion valuation through a merger with a … 123.95k followers • 20 symbols Watchlist by Yahoo Finance. Steps to owning and managing FDUS, with 24-hour and historical pricing before you buy. "When you look at what we're offering (to investors), there's really not too much else like it," WMH Chief Executive Chris Beals said in an interview. Her background includes editing more than 40 published books, including Financial Fitness: 21 Easy Exercises to Get Your Personal Finances in Shape Fast by Dr. Vi Scott. You are about to post a question on finder.com: Subscribe to the Finder newsletter for the latest money tips and tricks. ... Buy weedmaps stock you can from brokers or on specialized sites. Investors in the PIPE include funds from the Federated Hermes Kaufmann Funds, Senvest Management LLC and AFV Partners. Investing in proteomics is something with as much potential as genomics, perhaps even more. The merger agreement comes less than a week after the U.S. House of Representatives voted to decriminalize marijuana at the federal level, the first time either chamber of Congress has voted to end the federal ban on marijuana since the drug was listed as a "controlled substance" in 1970. Stocks, Mutual funds, ETFs, Forex. Investors sent the stock up as much as 42 percent after the company, formed last year to raise money to buy real businesses, said it has reached a $575 million deal with WeedMaps… During the last decade, Weedmaps became one of the best known cannabis brands and we are favorable on how the story has evolved during this time. We don't know yet if WeedMaps will pursue an IPO in the near future. Stocks, ETFs, Cryptocurrency. The company is expected to list on the Nasdaq, though no share price or date has been set. Weedmaps is on track to deliver $160 million in revenue and has been profitable for its entire 12-year history, Beals said. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. Importantly, Weedmaps is an online marketplace for marijuana consumers and businesses. Consider opening a brokerage account today so you're ready as soon as the stock hits the market. Select a company to learn more about what they do and how their stock performs, including market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. The dividend yield is a financial ratio that shows how much a company pays out in dividends each year relative to its stock price. SPACs are shell vehicles that use capital raised through an initial public offering to buy a private company, usually within two years. A free way to invest in stocks, ETFs and crypto. How to buy MEDIROM Healthcare Technologies (MRM) stock, How to buy ZipRecruiter stock when it goes public, finder.com is a financial comparison and information service, not a bank or more. IBKR Lite offers $0 commissions, and IBKR Pro offers advanced tools for professional traders. Altogether, Weedmaps collects approximately $3000 per month per retailer. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. How to buy shares in Weedmaps when it goes … Weedmaps Holding Company, the parent behind the popular marijuana site Weedmaps, is planning an IPO. To ensure you have the most up to date information, you should verify relevant information with the product or service provider and understand the information they provide. Steps to owning and managing AGM, with 24-hour and historical pricing before you buy. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. We may receive compensation from our partners for placement of their products or services. The legislation is not expected to advance further as long as the Senate remains in Republican hands. Finder® is a registered trademark of Hive Empire Pty Ltd, and is used under license by Finder.com LLC. While we receive compensation when you click links to partners, they do not influence our content. During the last decade, Weedmaps became one of the best-known cannabis brands and we are favorable on how the story has evolved during this time. I agree to the Privacy and Cookies Policy, finder.com Terms of Use and to receive emails from Finder. Real Estate Investment Trust (REIT) Definition. But it's expected to go public soon. Silver Spike is a special purpose acquisition company (SPAC), which raise funds in an initial public offering (IPO) with the aim of buying a private company. Last year, he raised $250 million as part of an IPO on the Nasdaq with a focus of acquiring a company in the cannabis sector. The value of any investment can go up or down depending on news, trends and market conditions. Recently, Investopedia reported on some of the best marijuana stocks for 2020. Editorial ... Self Esteem Brands Applauds Successful Initial Public Offering (IPO) of Anytime Fitness Master Franchisee on Tokyo Stock Exchange. Irvine, California-based Weedmaps was founded in 2008 by Doug Francis and Justin Hartfield, and sells a cloud-based operating system for cannabis retailers as well as hosting a review and ratings platform for sellers. It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. Companies are unable to list shares in the United States if their business involves selling marijuana or is "plant touching," which Weedmaps is not. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. Everything we know about the Tokopedia IPO, plus information on how to buy in. SPACs have emerged as an increasingly popular route to the stock market for private companies given that they can be completed more quickly than an IPO and there is greater certainty over the funds a company will raise. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Weedmaps Stock It’s hard to keep track of everything SPAC, but we believe the first cannabis SPAC has now been announced. That begins with a monthly charge of $500 to get the “Business-in-a-Box” package that includes a listing page, a place in the Weedmaps store, a stock and price management system, and fulfillment services. Steps to owning and managing FCAU, with 24-hour and historical pricing before you buy. There are other examples of stock growth. We may also receive payment if you click on certain links posted on our site. Dawn Daniels is a publisher with Finder, based out of Oregon. Steps to owning and managing THFF, with 24-hour and historical pricing before you buy. Here's what we know — and how to buy in when it launches. Optional, only if you want us to follow up with you. Last year, he raised $250 million as part of an IPO on the Nasdaq with a focus of acquiring a company in the cannabis sector. Nevertheless, 15 U.S. states and the District of Columbia have legalized recreational use of marijuana, and over 30 states allow some form of the drug for medicinal purposes. New York, NY, 10016. It also has a software-as-a-service offering for cannabis retailers. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. product provider, We cannot provide you with personal advice or recommendations, a special purpose acquisition company (SPAC), Get more detailed information and learn how to buy APHA.US stock, Get more detailed information and learn how to buy OGI.US stock, How to buy Tokopedia stock when it goes public, How to buy Apartment List stock when it goes public, How to buy Agrify Corporation (AGFY) stock when it goes public, How to buy Driven Brands Holdings (DRVN) stock when it goes public, How to buy Fresh Del Monte Produce stock | $24.07, How to buy First Western Financial stock | $19.57, How to buy First Financial Corporation stock | $38.85, How to buy Fidus Investment Corporation stock | $13.1, How to buy Fiat Chrysler Automobiles N-V stock | $18.09, How to buy Federal Agricultural Mortgage Corporation stock | $68.69. Make unlimited commission-free trades in stocks, funds, and options with Robinhood Financial. Silver Spike is a special purpose acquisition company (SPAC), which raise funds in an initial public offering (IPO) with the aim of buying a private company. The deal then takes the private company public. Silver Spike, led by cannabis industry executive Scott Gordon, raised $250 million in an August, 2019 IPO on Nasdaq with a focus on buying a company in the cannabis sector. The company plans to go public via a merger with a special purpose acquisition company (SPAC) known as Silver Spike Acquisition Corp. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available. Company profile page for Leafly Holdings Inc including stock price, company news, press releases, executives, board members, and contact information Source: Silver Spike/Weedmaps presentation. QuantumScape, the electric battery developer was on fire again today, up around 30% in the day. Weedmaps expects to receive gross proceeds of up to $575 million from the deal, in part from proceeds Silver Spike had raised and also through $325 million in a private investment in public equity, or PIPE, transaction. The company is expected to list on the Nasdaq, though no share price or date has been set. In her spare time, Dawn enjoys hiking ridiculous distances and collapsing in exhaustion. We may receive payment from our affiliates for featured placement of their products or services. If you are unsure, you should get independent advice before you apply for any product or commit to any plan. Weedmaps was founded in 2008 by Doug Francis and Justin Hartfield, and sells a cloud-based operating system for cannabis retailers as well as hosting a review and ratings platform for sellers. Weedmaps stock is not yet available to purchase on any exchange. But evaluating the performance of companies like Weedmaps can be useful in determining how the market is performing and whether now is a good time to invest in this industry. 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 … We are not investment advisers, so do your own due diligence to understand the risks before you invest. Steps to owning and managing MYFW, with 24-hour and historical pricing before you buy. We evaluate stock trading platforms against a range of metrics that include fees, ease of use, available securities and advanced tools to meet specific investor needs. "There was no better opportunity and no more dynamic company and story for us to consider a transaction with than with WMH," Gordon said in an interview. Finder.com is an independent comparison platform and information service that aims to provide you with information to help you make better decisions. Apple (AAPL) target raised by Wedbush from $150 to … The stock deal values the company at an EV of $1.4 billion based on a $100 million cash balance. Cannabis Stocks. We need your consent to our privacy policy. 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. TD Ameritrade features $0 commission for online stock, but watch out for high short-term ETF and broker-assisted trading fees. ... Should the IPO proceed as planned, shares of Seer will trade under the ticker SEER. Silver Spike is led by cannabis industry executive Scott Gordon. Once Weedmaps goes public, you'll need a brokerage account to invest. 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 merger with a blank-check acquisition firm, people familiar with the matter said on Wednesday. WM Holding is …

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