WM Technology Inc (FRA:833)
€ 1.27 0.16 (14.41%) Market Cap: 132.62 Mil Enterprise Value: 119.24 Mil PE Ratio: 0 PB Ratio: 4.42 GF Score: 43/100
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WM Technology Inc at ICR Conference (Virtual) Transcript

Jan 10, 2022 / 07:30PM GMT
Release Date Price: €4.46 (-3.04%)
Christopher L. Beals
WM Technology, Inc. - Chairman & CEO

Thanks for having us. So I'm Chris Beals. I'm the CEO of Weedmaps, and I'm joined by Arden Lee, who is our CFO. So just diving right into it. Go to the next slide.

So to orient you on WM technology, there's 2 parts to WM Tech. So on one side, we have our marketplace, Weedmaps, which is what we were founded on. We built that over 13 years ago. We've turned that into the dominant destination for cannabis consumers to shop, to find, to discover brands and conversely, the most effective way for cannabis retailers and brands to reach consumers.

What we then did was we took our natural dominance on marketplace and augmented that with a set of business in a box or sort of B2B SaaS solutions, what we call WM business, which has a natural synergy with the marketplace in that it augments, it relies on the data, the transactions and the connections we make with all of these different constituent players within the sector, but then it also provides a natural (inaudible) work and extension to that core marketplace.

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