by Mike and Colin | Jun 4, 2021 | Company Deep Dive, Earnings Report, Featured
Premium Members can read actionable insights from Weedmaps’ 1Q21 results, our take on valuation and targets, and download a quarterly model below. This analysis follows up on our previous reports on Weedmaps / Silver Spike Acquisition Corp (SSPK) from May 10 for...
by Mike and Colin | May 10, 2021 | Company Deep Dive, Data & Analysis
This article provides an updated model and commentary to our January 27, 2021 analysis of Weedmaps (linked here), specifically the risk from unlicensed illicit market clients in the revenue mix operating under the “CBD Only” moniker. It was published to Free Members...
by Mike and Colin | Jan 27, 2021 | Company Deep Dive
Our investment thesis on Weedmaps is that it is a growth adtech firm providing investors with exposure to increasing US cannabis sales without trafficking in cannabis itself. At 14X 2021 sales and 56X 2021 EBITDA, the stock performance going forward will come down to...
by Mike and Colin | Jan 13, 2021 | Company Deep Dive
Addendum: further analysis showing potentially more clients than licensed dispensaries in California has questioned the validity of the hypothesis of higher revenue/store in California described below; please read the updated analysis from January 27, 2021 to see the...
