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home / news releases / LSPD - Weedmaps: A Rare Combination Of Cannabis Tech And SPAC

LSPD - Weedmaps: A Rare Combination Of Cannabis Tech And SPAC

Lightspeed POS Inc. Subordinate
  • Weedmaps announced that it will go public via a SPAC called Silver Spike Acquisition Corp in a $1.5B deal.
  • Weedmaps is a popular listing service for local cannabis shops and it is also building out a suite of software products for the cannabis sector.
  • We are bullish on the business overall but would await better entry points after the recent rally that pushed valuation to 17x 2021E revenue.

For further details see:

Weedmaps: A Rare Combination Of Cannabis, Tech And SPAC
Stock Information
Company Name: Lightspeed POS Inc. Subordinate
Stock Symbol: LSPD
Market: NYSE
Website: lightspeedhq.com
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