WM Holding Company could be the best pure technology play in this fast-growing industry. On December 10th, 2020, SPAC SSPK announced it was going to bring cannabis technology platform company WM Holding Company (WMH) public through a merger that will allow it to trade on the Nasdaq Stock Exchange. Unlike traditional companies in this space, it can trade on the Nasdaq unlike the OTC markets because it does not handle the goods itself.

Growers and producers typically face heavy fines, strict regulations, and low margins resulting in a volatile and risky investment. WM Holdings (WMH) is a technology and software company that serves as the technology backbone for many businesses. Weedmaps gives customers the information and tools to find cannabis brands, delivery services, dispensary storefronts, deals and medical marijuana doctors wherever they are.

The company was founded in 2008 with a strong belief in the power of cannabis and the importance of enabling safe, legal access to consumers worldwide. Since then, WMH has become the most comprehensive platform for consumers and building software solutions that power businesses compliantly in the space. WMH’s mission is to power a transparent and inclusive global cannabis economy.

Spacs have been taking off this year posting incredible gains and have become the the trendiest IPO route to take. Spacs, or special purpose acquisition companies, are formed to raise money through an initial public offering to buy another company. It feels like a new spac comes out other every day, and it's hard to keep up with and filter through them all. If you've been missing out on them this year, don't worry, today we'll be breaking down what I think could be one of the best SPACs of 2020. In this episode, we are going to be analyzing Weedmaps (SSPK), and will be breaking down if it's a great buy today.