Out Fox The $treet

  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. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details. 

  WM Technology posted dismal results for the 3Q of 2021. The company has a promising cannabis marketplace and SaaS business too, focused on the California market impacted by illicit sales. The stock is appealing at $8 due to long-term 30% growth rates, but investors should watch from the sidelines until the stock and business stabilize. Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our model portfolio.  Learn More » The U.S. cannabis space has had a very tough few months and  WM Technology  ( MAPS ) now leads the pack with disappointing shareholders. The company was surprisingly hit by reduced demand in California due to a surge in the illicit market. My  investment thesis  remains Bullish on the stock over the long term, but WM Technology needs to find a bottom before shareholders buy more shares. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disc...

  Glass House has collapsed following the close of a SPAC transaction with Mercer Park Acquisition. The company plans to cultivate up to 6.0 million sq. ft of greenhouse space in the highly competitive California market. The stock has a limited market cap now, but the company has an unappealing business model focused on large scale cannabis cultivation. Looking for more investing ideas like this one? Get them exclusively at Out Fox The Street.  Learn More » Glass House Brands   ( OTC:GLASF )  has fallen victim to a couple of negative trends: SPACs and cannabis in general. While these trends are hurting the stock, the biggest problem is a focus on consolidating the highly competitive California cannabis market. My investment thesis is Neutral on the stock due to this focus of repeating the issues of the Canadian cannabis market. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details.  U...