WM Technology, Inc. Overview
Pro stress-test →WM Technology, Inc. operates the online cannabis marketplace for consumers together with a set of eCommerce and compliance software solutions for cannabis businesses, which are sold to retailers and brands in the legalized cannabis markets in states and territories of the United States. The company operates the Weedmaps platform and provides B2B SaaS solutions to the cannabis industry.
Strategic Profile
Pro stress-test →The company has achieved its tenth consecutive quarter of Adjusted EBITDA profitability. In Q2 2025, the company achieved net income of $2.2 million (up 81% YoY) and Adjusted EBITDA of $11.7 million (up 16% YoY), though revenue decreased slightly to $44.8 million from $45.9 million in the prior year. The company is focused on monetizing its Weedmaps marketplace while growing its B2B software offerings.
Competitive Landscape
Pro stress-test →The Weedmaps marketplace allows cannabis users to search for and browse cannabis products from retailers and brands, and reserve products from local retailers. Direct competitors include Leafly (owned by Verano Holdings), Dutchie, and emerging cannabis tech platforms. WM Technology differentiates through its dual B2C marketplace and B2B SaaS model, serving both consumers and cannabis retailers/brands.
Industry Context
WM Technology, Inc. operates in Cannabis Technology & Marketplace.
Key facts
Founded: 2008 · Headquarters: Irvine, California · Revenue: $184.5M (full-year 2024) · Market cap: $170M