Before you invest in Weedmaps or Leafly, watch this…
Online ordering, curbside pickup, and delivery became the new norm during the pandemic.
Because once customers got a taste of the ability to order their favorite cannabis products while sitting in the comfort of their own home, there was no going back.
To meet consumer demand, more and more businesses turned to cannabis e-commerce platforms like Leafly, Weedmaps, and Dutchie as a perfect solution for transitioning their businesses online.
Their services became a necessity.
And it’s now close to impossible to find a dispensary that doesn’t use one of these online platforms.
This year, they’ve also become popular acquisition targets for special-purpose acquisition companies (SPACs) looking to cash in on cannabis without ever touching the plant.
We saw Weedmaps get purchased by Silver Spike Acquisition Corp. I and become one of the largest cannabis-related companies in the United States to list on a major stock exchange as WM Technology Inc. (Nasdaq: MAPS).
And in the months following Silver Spike’s acquisition announcement on December 10, folks made a lot of money as shares shot up from $10 to nearly $30 in February.
Now, another SPAC – Merida Merger Corp. I (Nasdaq: MCMJ) – has its sights set on Weedmaps’ competitor, Leafly. Once that deal closes, Leafly will trade on the Nasdaq under the ticker “LFLY.”
But just because these companies have become popular acquisition targets does not necessarily make them a good investment opportunity for you.
That’s why NICI Advisory Board Member Charlie Delvalle and I sat down for a new episode of Underrated or Overrated? to bring you the inside scoop on this trend and answer the question…
Are cannabis e-commerce platforms underrated or overrated as investments?
Ready to dive into even more episodes of Underrated or Overrated? Check out our archives right here.
To your investing success,
Executive Director, National Institute for Cannabis Investors
One response to “Underrated or Overrated? Investing in Cannabis E-Commerce Platforms Like Weedmaps or Leafly”
September 29 2021