Flowsent, Nugg Club, and Lucky Box Club are among those companies. Justin Hartfield founded WeedMaps in 2008 and took the company public in 2010. Are Cannabis Stocks a Good Investment Right Now. Weedmaps.com, the world’s largest online medical marijuana resource, is proud to announce the launch of “Weedmaps Deals,” the first cannabis resource of its kind. If you’re not accredited, you might think about investing in one or more publicly traded firms out there that provide exposure to startups. Farzana on November 20th, 2019 - 11:16pm . [1], Headquartered in Irvine, California, Weedmaps has more than 400 employees, and has offices in Denver, Tucson, New York, Barcelona and Toronto. https://finance.yahoo.com/video/weedmaps-public-via-spac-1-180817424.html As part of acquisition, founder Justin Hartfield became WeedMaps' Chief Web Officer. The Eaze Technologies is another privately-held marijuana delivery company located in California. Between the anticipated closing of the deal, which will make WeedMaps essentially a publicly traded company on the Pink Sheets and California’s vote on … Headquartered in Irvine, California, Weedmaps has more than 400 employees, and has offices in Denver, Tucson, New York, Barcelona and Toronto. Justin Hartfield founded WeedMaps in 2008 and took the company public in 2010. Weedmaps is going public through a merger with Silver Spike Acquisition Corp., a SPAC. Publicly Traded Venture Capital Firms. “ Today, we can proudly claim the title of the only US-based, publicly-traded company that touches every aspect of the cannabis lifecycle—from cultivation, to extraction, to … The museum finished its 3-month run at the end of October. On the public market, people can invest in publicly-traded companies by purchasing shares through a broker or, if a company offers it, investing directly via a direct stock purchase plan. Cannabis Stocks. WeedMaps has faced scrutiny for continued listings of unlicensed and illegal marijuana dispensaries even after it received a cease-and-desist order in 2018 from California’s Bureau of Cannabis Control, according to Leafly. The software handles everything from patient management to inventory control to checkout at point of sale. The company makes money by charging the dispensaries for placement and advertising along with rebuttals of poor reviews. The technology and software provider to the cannabis industry has signed a definitive agreement with a publicly traded special purpose acquisition company (SPAC), Silver … After the passing of adult-use cannabis in California through Proposition 64, Weedmaps continued to list dispensaries that had previously advertised on the site, expecting they would received licenses. MedMen is also beginning life as a public company in Canada. Marijuana Stocks Spike, Where to Look for Dividends. "[20] MMJMenu allows medical marijuana businesses to track their sales and revenue from seed to sale, servicing medical marijuana states such as California, Colorado, Washington, and Michigan. In 2016, a study by Fakespot found many reviews on the site to be suspicious. The acquisition included the Marijuana.com domain name as well as all of the site's content. Publicly traded psychedelic company Cybin acquired Adelia Therapeutics, a company developing ketamine analogue drugs. Shares can be bought, sold, and traded on stock exchanges, such as … [4][5], Although the company does not disclose revenue figures, some media outlets have reported historical sales estimates for the company. Recently, Investopedia reported on some of the best marijuana stocks for 2020. Weedmaps, the online directory of cannabis-store menus and locations that’s served alternately as a “little black book” for licensed weed stores and a Craigslist for off-books and illicit marijuana sales, has been subpoenaed to provide information to the federal government. Weedmaps is the leading technology and software infrastructure provider to the cannabis industry. Northern Star’s … 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 Deals” immediately connects patients in every medical marijuana state with hundreds of the best offers and discounts in their local areas every day. The deal will value Weedmaps at $1.5 billion. Once the RTO is complete which is expected in the second quarter of this year, MedMen will essentially become a publicly traded company itself. In 2016, Hartfield and WeedMaps made a $250,000 contribution to help support the push for recreational marijuana legalization in California, according to The Green Fund. While publicly traded VCs may not be correlated with other stocks in your … Several companies have marijuana subscription services that deliver products directly to consumers. The marijuana industry has seen growth partially driven by WeedMaps’ commitment to the cause. An independent analysis of the text of reviews estimates that 62% of reviews are fake. There are no news on the next destination for the museum.[13][14][15]. [8], In June 2013, Hartfield and business partner and COO Doug Francis formally announced the formation of Ghost Group and its offspring, the Emerald Ocean Capital firm, the first marijuana Venture Capital firm to connect and invest through "Emerging Companies in Legal Cannabis and Medical Marijuana Sectors." In December 2011, Weedmaps acquired MMJMenu, a Denver-based software entity that "provides back-end enterprise software for medical marijuana dispensaries. Therein lies part of the problem. Shares of Northern Star traded at around $16 recently, about 23% higher than the $13 opening price at its IPO earlier this month. Weedmaps - an e-commerce platform specializing in the cannabis industry - will become a publicly traded company through the takeover. Weedmaps is a tech company serving the cannabis industry, founded in 2008 by Justin Hartfield and Keith Hoerling. "[3] In November 2010 WeedMaps was acquired by General Cannabis Incorporated for an undisclosed amount. “Suffice to say a … [17][18] The application offers similar functionality to the website, but does not allow ordering, due to Google and Apple's restrictions. In September 2019, Weedmaps announced the launch of its own point of sale system, WM Retail, and announced live menu integrations for consumers using Cova or Meadow point of sale systems. [19] It is currently available in California and Oklahoma. "[11], In October 2011, Weedmaps entered into an online partnership with NORML.org, helping to revamp the site. Now renamed General Cannabis, CANA trades at $4.05 on the pink sheets and — unlike its publicly traded pot peer ... and they have something called Weedmaps TV. This partnership signified Weedmaps' effort to aid legalization efforts and take a more active approach within the marijuana community. In April 2019, Weedmaps launched their wholesale exchange platform, WM Exchange. If Weedmaps was a publicly-traded company, there would be a massive management shakeup and the CEO would be held accountable. Fakespot has to date not responded to requests for an updated audit. 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