Exclusive: Cannabis review site Weedmaps nears $1 5 billion deal to go public - sources metro.us - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from metro.us Daily Mail and Mail on Sunday newspapers.
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 blankcheck acquisition firm, people familiar with the matter said on Wednesday.
Cannabis review site Weedmaps agrees $1.5 billion deal to go public By Joshua Franklin
FILE PHOTO: Customers shop for Green Friday deals at the Grass Station marijuana shop on Black Friday in Denver
(Reuters) – WM Holding Company, a cannabis technology company which operates the online U.S. platform Weedmaps where users find and rate marijuana sellers, said on Thursday it has agreed to go public through a merger with Silver Spike Acquisition Corp.
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.