Authors Plant
7 days
30 days
All time
Recent
Popular
I have started a position in $SSPK.
-
SPAC - $SSPK Silver Spike Acquisition Comp
They are merging with WM Holdings, Inc who owns Weedmaps. Founded in 2008. Lead by CEO Chris Beals. Former life-sciences attorney (important - will come in later).
Basic Description:
The business is a two-sided marketplace which serves customers and sellers of marijuana products.
Who are they?
On the consumer side, https://t.co/sHZKPFCY7I which is a marketplace for standardized marijuana products.
Weed Maps is the world’s largest base of cannabis users with over 10M MAUs, 90% of which are cannabis users, and a stunning 70% are DAILY users.
A key part of the marketplace is the differentiation between alcohol/tobacco and cannabis. Cannabis is *not* a standardized product so Weedmaps compiles millions of data points from strain traits, user feedback, effects, etc., to suggest the best products for the user.
Weedmaps is operating at a 1.5B GMV run rate. With cannabis illegal on the Federal level, they do not currently take a percentage of this GMW but stated that they plan to with Federal legalization.
-
SPAC - $SSPK Silver Spike Acquisition Comp
They are merging with WM Holdings, Inc who owns Weedmaps. Founded in 2008. Lead by CEO Chris Beals. Former life-sciences attorney (important - will come in later).
Started a new position today. Will be working on my first in-depth write-up.
— Plant (@plantmath1) December 16, 2020
Basic Description:
The business is a two-sided marketplace which serves customers and sellers of marijuana products.
Who are they?
On the consumer side, https://t.co/sHZKPFCY7I which is a marketplace for standardized marijuana products.
Weed Maps is the world’s largest base of cannabis users with over 10M MAUs, 90% of which are cannabis users, and a stunning 70% are DAILY users.
A key part of the marketplace is the differentiation between alcohol/tobacco and cannabis. Cannabis is *not* a standardized product so Weedmaps compiles millions of data points from strain traits, user feedback, effects, etc., to suggest the best products for the user.
Weedmaps is operating at a 1.5B GMV run rate. With cannabis illegal on the Federal level, they do not currently take a percentage of this GMW but stated that they plan to with Federal legalization.