Silver Spike is led by cannabis industry executive Scott Gordon. We encourage you to compare stock platforms to find one that's best for your particular budget and goals. The company is expected to list on the Nasdaq, though no share price or date has been set. The legislation is not expected to advance further as long as the Senate remains in Republican hands. Finder is committed to editorial independence. more. SPACs are shell vehicles that use capital raised through an initial public offering to buy a private company, usually within two years. Steps to owning and managing THFF, with 24-hour and historical pricing before you buy. 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… If you are unsure, you should get independent advice before you apply for any product or commit to any plan. 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. QuantumScape, the electric battery developer was on fire again today, up around 30% in the day. Silver Spike is led by cannabis industry executive Scott Gordon. 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. Silver Spike shares were indicated up 8.8% at $11.41 in premarket trading. Perhaps the jump in SSPK stock … The company plans to go public via a merger with a special purpose acquisition company (SPAC) known as Silver Spike Acquisition Corp. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. 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. It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. Steps to owning and managing AGM, with 24-hour and historical pricing before you buy. Weedmaps parent WM Holding Co. going public via merger with Silver Spike Acquisition Corp. Weedmaps... by IPO Edge. 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 … “Medical Marijuana Inc. is a very dubious stock,” says Weedmaps founder Justin Hartfield, now Chief Web Officer of General Cannabis. The deal would come less than a week … Everything we know about the Agrify Corporation IPO, plus information on how to buy in. WM Holding Co, which owns Weedmaps, plans to merge with Silver Spike Acquisition Corp, the sources said. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. 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 … Source: Silver Spike/Weedmaps presentation. "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. 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. Editorial ... Self Esteem Brands Applauds Successful Initial Public Offering (IPO) of Anytime Fitness Master Franchisee on Tokyo Stock Exchange. Everything we know about the Apartment List IPO, plus information on how to buy in. 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. 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. Steps to owning and managing FDUS, with 24-hour and historical pricing before you buy. The stock deal values the company at an EV of $1.4 billion based on a $100 million cash balance. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. Weedmaps Holding Company, the parent behind the popular marijuana site Weedmaps, is planning an IPO. WM Holding is … The company going public is Weedmaps, a cloud-based SaaS solutions provider of an end-to-end operating system for cannabis retailers. Cannabis Stocks. The latest information on initial public offerings (IPOs), including latest IPOs, expected IPOs, recent filings, and IPO performance from Nasdaq. Companies are unable to list shares in the United States if their business involves selling marijuana or is "plant touching," which Weedmaps is not. Seer stock is a pure-play pick-and-shovel play on proteomics. 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 deal then takes the private company public. It also has a software-as-a-service offering for cannabis retailers. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available. Everything we know about the Tokopedia IPO, plus information on how to buy in. 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. I agree to the Privacy and Cookies Policy, finder.com Terms of Use and to receive emails from Finder. You are about to post a question on finder.com: Subscribe to the Finder newsletter for the latest money tips and tricks. 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. We may also receive payment if you click on certain links posted on our site. Stocks, ETFs, Cryptocurrency. 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. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. We need your consent to our privacy policy. Finder® is a registered trademark of Hive Empire Pty Ltd, and is used under license by Finder.com LLC. by IPO Edge. 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. Investing in proteomics is something with as much potential as genomics, perhaps even more. Dawn Daniels is a publisher with Finder, based out of Oregon. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. Please tick the box if you wish to continue with newsletter subscription. There are other examples of stock growth. Get a personal advisor when you open an account with at least $50,000. Weedmaps is on track to deliver $160 million in revenue and has been profitable for its entire 12-year history, Beals said. 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 Follow this list to discover and track the stock of publicly traded companies with exposure to cannabis Company profile page for Leafly Holdings Inc including stock price, company news, press releases, executives, board members, and contact information 123.95k followers • 20 symbols Watchlist by Yahoo Finance. Finder.com is an independent comparison platform and information service that aims to provide you with information to help you make better decisions. Make unlimited commission-free trades in stocks, funds, and options with Robinhood Financial. While we receive compensation when you click links to partners, they do not influence our content. 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. The valuation and the stock pop are a clear indication that investors are bullish on cannabis tech, warts and all. Consider opening a brokerage account today so you're ready as soon as the stock hits the market. Stocks, Mutual funds, ETFs, Forex. Companies are unable to list shares in the United States if their business involves selling marijuana or is "plant touching," which Weedmaps is not. Recently, Investopedia reported on some of the best marijuana stocks for 2020. Reuters first reported news of the deal on Wednesday. We don't know yet if WeedMaps will pursue an IPO in the near future. 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. 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. We may also receive compensation if you click on certain links posted on our site. Steps to owning and managing FDP, with 24-hour and historical pricing before you buy. Weedmaps is on track to deliver $160 million in revenue and has been profitable for its entire 12-year history, Beals said. By accessing this page, you agree to the following The dividend yield is a financial ratio that shows how much a company pays out in dividends each year relative to its stock price. By Joshua Franklin (Reuters) - The operator of U.S. online platform Weedmaps, where users rate cannabis sellers, is nearing a deal to go public … "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. 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 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. Altogether, Weedmaps collects approximately $3000 per month per retailer. The value of any investment can go up or down depending on news, trends and market conditions. Weedmaps Stock It’s hard to keep track of everything SPAC, but we believe the first cannabis SPAC has now been announced. IBKR Lite offers $0 commissions, and IBKR Pro offers advanced tools for professional traders. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. The stock is up 125% since the merger finalized. 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. ... Buy weedmaps stock you can from brokers or on specialized sites. We may receive payment from our affiliates for featured placement of their products or services. 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. Importantly, Weedmaps is an online marketplace for marijuana consumers and businesses. Weedmaps - an e-commerce platform focused on the marijuana industry - will become a publicly traded company through a merger with blank-check … Please appreciate that there may be other options available to you than the products, providers or services covered by our service. We may receive compensation from our partners for placement of their products or services. Seer stock is a pure-play pick-and-shovel play on proteomics. DoorDash (DASH) shares open for trading at $182, almost double their IPO price of $105. 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 acquired company then becomes public as a result of the merger and is an alternative to the traditional IPO process. (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. 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. A free way to invest in stocks, ETFs and crypto. Weedmaps stock is not yet available to purchase on any exchange. 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. 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. Stocks, Options, ETFs, Cryptocurrency. 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. Real Estate Investment Trust (REIT) Definition. 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. We are not investment advisers, so do your own due diligence to understand the risks before you invest. New York, NY, 10016. Here's what we know — and how to buy in when it launches. The company is expected to list on the Nasdaq, though no share price or date has been set. Once Weedmaps goes public, you'll need a brokerage account to invest. In her spare time, Dawn enjoys hiking ridiculous distances and collapsing in exhaustion. 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. Steps to owning and managing FCAU, with 24-hour and historical pricing before you buy. 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. 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 … 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. But it's expected to go public soon. Apple (AAPL) target raised by Wedbush from $150 to … 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. Least 20 minutes free way to invest in stocks, funds, and is an to. Order, position or placement of their products or services covered by service... 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