WM Technology, Inc. Acquires Leading Cannabis CRM & Marketing Platform Sprout


2021-09-15 07:30:08 CFN Media Group


IRVINE, Calif.––WM Technology, Inc. , a leading technology and software infrastructure provider to the cannabis industry, announced today that it has acquired Sprout, a leading, cloud-based CRM & marketing platform for the cannabis industry. WM Technology’s acquisition of Sprout reinforces the company’s end-to-end operating system as one of the most comprehensive software solutions available in the cannabis market today. “Our strategy focuses on establishing WM Business as the software solution of choice for cannabis businesses. With the addition of Sprout, we are one step closer to realizing this vision of providing an all-in-one seamless and integrated solution to run, manage, and grow one’s cannabis business,” said Chris Beals, CEO and Chairman of WM Technology, Inc. “This acquisition will allow our clients to better target, reach, acquire and retain customers at scale. I also want to welcome Jaret Christopher, Sprout’s exceptionally talented Founder and CEO, and everyone at Sprout to our team.” Sprout empowers cannabis retailers to acquire new customers, retain existing ones and grow revenues. Sprout’s purpose-built, omni-channel software platform combines all-in-one CRM and marketing, third party integrations, a robust targeted messaging system across text, email and in-app, a loyalty program, compliance modules, and analytics. WM Technology’s acquisition of Sprout strengthens the company’s position between retailers and consumers in the rapidly growing legal cannabis industry. “We’re incredibly excited to join WM Technology. We look forward to leveraging the breadth and scale of users, retailers and brands on the Weedmaps marketplace to accelerate the reach of Sprout as part of WM Business,” said Jaret Christopher, Founder and CEO of Sprout. Advisors Cooley LLP served as legal advisor to WM Technology, Inc. in connection with the acquisition. About WM Technology, Inc. WM Technology, Inc.’s (Nasdaq: MAPS) mission is to power a transparent and inclusive global cannabis economy. Now in its second decade, WM Technology has been a driving force behind much of the legislative change we’ve seen in the past 10 years. Founded in 2008, WM Technology, is a leading technology and software infrastructure provider to the cannabis industry, comprising a B2C platform, Weedmaps, and B2B software, WM Business. The cloud-based SaaS solutions from WM Business provide an end-to-end operating system for cannabis retailers. WM Business’ tools support compliance with the complex, disparate, and constantly evolving regulations applicable to the cannabis industry. Through its website and mobile apps, WM Technology provides consumers with the latest information about cannabis retailers, brands, and products, facilitating product discovery and driving engagement with our retail and brand customers. WM Technology holds a strong belief in the power of cannabis and the importance of enabling safe, legal access to consumers worldwide. Since inception, WM Technology has worked tirelessly, not only to become the most comprehensive platform for consumers, but to build the software solutions that power businesses compliantly in the space, to advocate for legalization, social equity, and licensing in many jurisdictions, and to facilitate further learning through partnering with subject matter experts on providing detailed, accurate information about the plant. Headquartered in Irvine, California, WM Technology supports remote work for all eligible employees. Visit us at www.weedmaps.com. About Sprout Sprout is a leading cannabis CRM and marketing software platform used by dispensaries and cannabis brands across the United States, Canada and Puerto Rico. Sprout helps cannabis companies increase revenues and improve customer loyalty by engaging their customers, creating brand awareness and driving online and in-store orders. Sprout’s cannabis CRM platform includes an entire suite of omni-channel marketing solutions including customer relationship management, text & email marketing, loyalty, mobile wallets, QR codes, mobile surveys, mobile coupons, advanced customer segmenting and analytics. Visit us at www.sprout.online Forward-Looking Statements This press release includes “forward-looking statements” regarding the Company’s future business expectations which involve risks and uncertainties. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding projections of market opportunity and market share and the Company’s expectations about future benefits relating to the Sprout acquisition. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the Company’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of the Company. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; future global, regional or local economic and market conditions affecting the cannabis industry; the development, effects and enforcement of laws and regulations, including with respect to the cannabis industry; the Company’s ability to successfully capitalize on new and existing cannabis markets, including its ability to successfully monetize its solutions in those markets; the Company’s ability to manage future growth; the Company’s ability to develop new products and solutions, bring them to market in a timely manner, and make enhancements to its platform and the Company’s ability to maintain and grow its two-sided digital network, including its ability to acquire and retain paying customers; the effects of competition on the Company’s future business; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; and those factors discussed in the Company’s registration statement on Form S-4/A filed in connection with the Business Combination on May 25, 2021 and subsequent Form 10-Qs or Form 8-Ks filed with the SEC. If any of these risks materialize or these assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that the Company does not presently know or that the Company currently believes are immaterial that could also cause actual results to differ from those contained in the forward looking statements. In addition, forward-looking statements reflect the Company’s expectations, plans or forecasts of future events and views as of the date of this press release. The Company anticipates that subsequent events and developments will cause the Company’s assessments to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
加州欧文--大麻行业领先的技术和软件基础设施提供商WM Technology,Inc.今天宣布,它已经收购了大麻行业领先的基于云的CRM和营销平台Sprout。WM Technology对Sprout的收购加强了该公司的端到端操作系统,成为当今大麻市场上最全面的软件解决方案之一。 “我们的战略侧重于将WM业务作为大麻业务的软件解决方案。WM Technology,Inc.首席执行官兼董事长克里斯·比尔斯(Chris Beals)表示:“随着Sprout的加入,我们离实现这一愿景又近了一步,即为经营、管理和发展大麻业务提供一个一体化无缝集成解决方案。”此次收购将使我们的客户能够更好地瞄准、接触、获取和留住规模客户。我还想欢迎Sprout才华横溢的创始人兼首席执行官Jaret Christopher和Sprout的每个人加入我们的团队。“ Sprout授权大麻零售商获得新客户、保留现有客户并增加收入。Sprout专门构建的全渠道软件平台结合了多合一CRM和营销、第三方集成、跨文本、电子邮件和应用程序内的强大目标信息系统、忠诚度计划、合规模块和分析。WM Technology对Sprout的收购加强了该公司在快速增长的合法大麻行业中零售商和消费者之间的地位。 “我们非常兴奋加入WM技术。Sprout创始人兼首席执行官Jaret Christopher说:“我们期待着利用Weedmaps市场上用户、零售商和品牌的广度和规模,加快Sprout作为WM业务一部分的影响力。” 顾问 Cooley LLP担任WM Technology,Inc.与收购有关的法律顾问。 关于WM技术公司。 WM技术公司(纳斯达克股票代码:MAPS)的使命是推动透明和包容的全球大麻经济。现在,在它的第二个十年,WM技术已经成为我们在过去10年中看到的立法变革背后的驱动力。 WM Technology成立于2008年,是大麻行业领先的技术和软件基础设施提供商,包括B2C平台Weedmaps和B2B软件WM业务。WM Business基于云的SaaS解决方案为大麻零售商提供了端到端的操作系统。WM Business的工具支持遵守适用于大麻行业的复杂、不同和不断发展的法规。通过其网站和移动应用程序,WM Technology向消费者提供关于大麻零售商、品牌和产品的最新信息,促进产品发现,并推动与我们的零售和品牌客户的接触。 WM Technology坚信大麻的力量和使全世界消费者能够安全、合法地获得大麻的重要性。自成立以来,WM Technology一直孜孜不倦地工作,不仅成为消费者最全面的平台,而且构建软件解决方案,为该领域的企业提供合规的动力,在许多司法管辖区倡导合法化、社会公平和许可,并通过与主题专家合作,提供关于工厂的详细、准确信息,促进进一步学习。 WM技术公司总部位于加利福尼亚州欧文市,支持所有符合条件的员工远程工作。请访问www.weedmaps.com。 关于萌芽 Sprout是一家领先的大麻CRM和营销软件平台,被美国、加拿大和波多黎各的药房和大麻品牌使用。Sprout通过吸引客户、创建品牌知名度和推动在线和店内订单,帮助大麻公司增加收入和提高客户忠诚度。Sprout的cannabis CRM平台包括一整套全渠道营销解决方案,包括客户关系管理、文本和电子邮件营销、忠诚度、移动钱包、QR码、移动调查、移动优惠券、高级客户细分和分析。访问www.sprout.online 前瞻性陈述 本新闻稿包括关于公司未来业务预期的“前瞻性陈述”,其中涉及风险和不确定性。前瞻性陈述可以通过使用诸如“估计”、“计划”、“项目”、“预测”、“打算”、“将”、“预期”、“预期”、“相信”、“寻求”、“目标”等词或其他类似的表述来识别,这些表述预测或表明未来的事件或趋势,或者不是对历史事项的陈述。这些前瞻性陈述包括但不限于关于市场机会和市场份额的预测以及本公司对收购Sprout相关未来利益的预期的陈述。这些声明基于各种假设,无论是否在本新闻稿中确定,以及公司管理层目前的预期,并不是对实际业绩的预测。这些前瞻性陈述仅为说明目的而提供,并不打算作为担保、保证、预测或事实或可能性的明确陈述,任何投资者都不得依赖这些陈述。实际事件和情况难以或不可能预测,并将与假设不同。许多实际事件和情况是公司无法控制的。这些前瞻性陈述受到许多风险和不确定性的影响,包括国内外业务的变化,市场,金融方面,政治和法律条件,影响大麻工业的区域或地方经济和市场状况,法律法规的效果和执行情况,包括在大麻产业方面,该公司成功利用新的和现有的大麻市场的能力,包括其在这些市场成功地将其解决方案货币化的能力、公司管理未来增长的能力、公司开发新产品和解决方案的能力,及时将其推向市场,并增强其平台和本公司维持和发展其双边数字网络的能力,包括获取和保留付费客户的能力;竞争对本公司未来业务的影响;任何潜在诉讼、政府和监管程序、调查和询问的结果;以及本公司于2021年5月25日就业务合并提交的S-4/a表注册声明和随后向SEC提交的10-QS表或8-KS表中讨论的因素。如果这些风险中的任何一个成为现实,或者这些假设被证明是不正确的,实际结果可能与这些前瞻性陈述所暗示的结果大相径庭。可能存在本公司目前不知道或本公司目前认为不重要的额外风险,这些风险也可能导致实际结果与前瞻性陈述中包含的结果不同。此外,前瞻性陈述反映了截至本新闻稿发布之日公司对未来事件和观点的预期、计划或预测。本公司预期后续事件及发展将导致本公司的评估发生变化。然而,尽管本公司可能在未来的某个时候选择更新这些前瞻性陈述,但本公司明确表示不承担任何这样做的义务,除非法律要求。这些前瞻性陈述不应作为代表本公司在本新闻稿发布后任何日期的评估而被依赖。因此,不应过度依赖前瞻性陈述。