Weedmaps could see growth jump after going private, analyst says

Key Points
  • Founders of WM Technology Inc. offering to take the company private at $1.70 per share
  • Analyst Pablo Zuanic believes the bid is a reasonable exit strategy for shareholders
  • The bid comes from Doug Francis and Justin Hartfield
  • Zuanic & Association released a report on Wednesday supporting the founders' offer

The offer from WM Technology Inc.’s (Nasdaq: MAPS) founders to take the company private at $1.70-per-share is a reasonable exit strategy for shareholders, according to a new report from Zuanic & Association.

In the report released Wednesday, analyst Pablo Zuanic said the bid from Doug Francis and Justin Hartfield is solid,...

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