WM Technology: Back On A Strong Track
- WM Tech. reported a strong Q1 and forecast solid 30% growth for the year.
- The company continues to invest in building a robust technology platform for cannabis commerce.
- The stock has a forward EV/S multiple of 2x '23 sales targets.
- This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »
While a lot of SPACs have failed to meet financial goals, the market continues to overlook businesses with strong growth potential such as WM Technology (NASDAQ:MAPS). The cannabis technology provider and marketplace hasn't always met financial targets, but the owner of Weedmaps is still growing at a 30% clip. My investment thesis remains Bullish on the stock trading near the lows below $6.
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