Core Insights - WM Technology, Inc. announced the appointment of Harry DeMott and Brent Cox to its Board of Directors, effective February 1, 2026, while Susan Echard will transition to a full-time Chief Financial Officer role on January 30, 2026 [1][2] Group 1: Board Appointments - Harry DeMott brings extensive experience in the cannabis and technology sectors, having co-founded Raptor Ventures and Outsider Labs, and previously served as CEO of Proper [2][3] - Brent Cox is a seasoned investment professional with a focus on growth and regulated businesses, currently serving as Founder and Managing Principal of Subtext Holdings [3] Group 2: Company Overview - WM Technology operates Weedmaps, a leading cannabis marketplace, and offers eCommerce and compliance software solutions for cannabis businesses [4][5] - The Weedmaps marketplace has become a premier destination for cannabis consumers, providing access to products, daily deals, and educational resources [5] Group 3: Company Mission - The company advocates for full U.S. legalization, social equity within the industry, and ongoing education about cannabis through partnerships and expert collaborations [6]

Core Viewpoint - ProStar Holdings Inc. has increased its non-brokered private placement of secured convertible debentures from US$500,000 to US$675,000, aimed at supporting its operations and growth initiatives [1][6]. Group 1: Offering Details - The convertible debentures will carry an interest rate of 12.5% per annum and will mature 24 months after issuance [2]. - Each debenture can be converted into units at a price of US$0.10 per unit, with each unit consisting of one common share and one-half of a common share purchase warrant [2][3]. - The full warrant allows the holder to purchase one common share at US$0.14 for five years from the closing date of the offering [3]. Group 2: Trigger Events and Conversion - The principal amount of the convertible debentures will automatically convert into units if the company achieves US$2,000,000 in booked Annual Recurring Revenue (ARR) in 2026 or US$2,500,000 in ARR in 2027 [4]. - Upon conversion or maturity, the company can settle accrued interest in cash or through the issuance of common shares, subject to TSX Venture Exchange approval [5]. Group 3: Security and Use of Proceeds - The convertible debentures will be secured by a first-ranking security interest over all present and future assets of the company [6]. - The net proceeds from the offering are intended for general corporate purposes [6]. Group 4: Related Party Participation - Certain directors of the company plan to participate in the offering, which is classified as a related party transaction under Multilateral Instrument 61-101 [8]. Group 5: Company Overview - ProStar Geocorp specializes in geospatial intelligence technologies, aiming to set the global standard for mapping and managing critical infrastructure [9]. - The company's flagship products, PointMan and LinQD, enhance the accuracy and efficiency of infrastructure mapping and management [10]. - ProStar has a diverse customer base, including Fortune 500 companies and government entities, and has established strategic alliances with global technology leaders [11].

Core Viewpoint - ProStar Holdings Inc. is initiating a non-brokered private placement of secured convertible debentures amounting to up to US$500,000, aimed at enhancing its financial position and supporting corporate purposes [1][6]. Group 1: Offering Details - The convertible debentures will carry an interest rate of 12.5% per annum and will mature 24 months after issuance [2]. - Each debenture can be converted into units at a price of US$0.10 per unit, with each unit consisting of one common share and one-half of a common share purchase warrant [2][3]. - The full warrant allows the purchase of one common share at US$0.14 for five years from the closing date of the offering [3]. Group 2: Trigger Events and Conversion - The principal amount of the convertible debentures will automatically convert into units if the company achieves US$2,000,000 in booked Annual Recurring Revenue (ARR) in 2026 or US$2,500,000 in ARR in 2027 [4]. - Upon conversion or maturity, the company may settle accrued interest in cash or common shares, subject to TSX Venture Exchange approval [5]. Group 3: Security and Use of Proceeds - The convertible debentures will be secured by a first-ranking security interest over all present and after-acquired property and assets of the company [6]. - Proceeds from the offering are intended for general corporate purposes [6]. Group 4: Related Party Transaction - A director of the company plans to participate fully in the offering, which is classified as a related party transaction under Multilateral Instrument 61-101 [8]. Group 5: Company Overview - ProStar Geocorp specializes in geospatial intelligence technologies, aiming to set a global standard for mapping and managing critical infrastructure [9]. - The company offers a Software-as-a-Service (SaaS) solution and an enterprise integration platform, enhancing the management of critical infrastructure assets [10]. - ProStar's customer base includes Fortune 500 companies, construction firms, utilities, and government departments, supported by strategic alliances with global technology leaders [11].

Industry Overview - The cannabis sector is experiencing significant upward movement, driven by investor interest across a range of stocks following news of President Trump's potential reclassification of marijuana [1][2] - Reclassification could enhance medical research opportunities and broaden legal use cases, potentially leading to increased business activity in the medical cannabis sector [2] Company Focus: WM Technology - WM Technology (MAPS) has seen a notable stock increase of 17%, indicating strong investor enthusiasm, especially after a period of decline [4] - The company operates an online cannabis marketplace, providing e-commerce capabilities for legal cannabis purchases, which positions it well for growth if federal legalization occurs [5] - WM Technology's offerings include a Weedmaps marketplace, enhancing consumer access to local retailers and brands, which could drive future growth and improve valuation multiples [6] Financial Performance - WM Technology has reported positive earnings over the past year, although negative earnings are anticipated in the upcoming year due to slim profit margins [8] - The company's relative financial strength is appealing compared to many unprofitable peers in the cannabis sector, which has led investors to explore other sectors for growth opportunities [8]

Core Insights - ProStar Holdings Inc. has announced a strategic partnership with Tersus GNSS to deliver a complete precision mapping solution for the utility and critical infrastructure industries globally [1][2][3] Group 1: Partnership Details - The collaboration aims to integrate Tersus's survey-grade GNSS receivers with ProStar's PointMan, providing an affordable and field-ready solution through Tersus's international distribution network [2] - Tersus GNSS is recognized for its innovation in GNSS receiver and base station technology, with operations in China, the United States, and Australia [2] Group 2: Strategic Goals - This partnership is part of ProStar's strategy to expand its ecosystem of partnerships via the LinQD open API integration platform, enhancing interoperability between emerging technologies and legacy systems [3] - ProStar aims to establish PointMan as the de facto standard in precision mapping by uniting leading equipment manufacturers and service providers [4] Group 3: Company Background - ProStar Geocorp is focused on becoming the global standard for mapping and managing critical infrastructure, offering a Software-as-a-Service (SaaS) solution and an enterprise integration platform [6][7] - The company's flagship products, PointMan and LinQD, enhance the accuracy and connectivity of infrastructure mapping and management [7] Group 4: Market Position and Growth - ProStar's customer base includes Fortune 500 corporations, leading construction and engineering firms, utilities, municipalities, and U.S. Departments of Transportation, indicating a strong market presence [8] - The company holds 16 issued patents in the United States and Canada, securing its leadership position in precision mapping technologies [9]

Core Insights - ProStar Holdings Inc. has announced that GroundBreakers, LLC has adopted its PointMan Precision Mapping Solutions to enhance digital transformation and operational efficiency [1][3] - The critical infrastructure industry is shifting from outdated paper-based processes to data-driven operations, with ProStar's technologies leading this transition [2][6] - GroundBreakers aims to leverage ProStar's solutions for technological advancement and national expansion [3] Company Overview - GroundBreakers is a veteran and women-owned utility management services company based in Indianapolis, specializing in hydro-excavation, jetting, CCTV, and private locating, operating in four Midwestern states [4] - ProStar Geocorp is a provider of geospatial intelligence technologies, focusing on mapping and managing critical infrastructure through its SaaS solutions [5][6] - ProStar's flagship products, PointMan and LinQD, enhance infrastructure mapping accuracy and connectivity, reducing risks and improving efficiencies [6][7] Industry Trends - The critical infrastructure sector is increasingly adopting advanced technologies to improve accuracy, safety, and efficiency in planning, building, and maintaining infrastructure [2] - The transition to digital operations is seen as a major industry shift, with companies like GroundBreakers leading the way [3][6] - ProStar's strategic alliances with global technology leaders are enhancing its competitive advantage and accelerating the adoption of its solutions [7][8]

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Core Viewpoint - WM Technology, Inc. held its Third Quarter 2025 Earnings Conference Call on November 6, 2025, to discuss financial results and future outlook [1][4]. Financial Performance - The earnings announcement and supporting slide deck are available on the Investor Relations website for stakeholders to review [3]. - The company will discuss both GAAP and non-GAAP financial measures during the call, emphasizing that non-GAAP measures should complement, not replace, GAAP information [4]. Leadership Involvement - The call featured key executives, including CEO Doug Francis and CFO Susan Echard, indicating a strong leadership presence in discussing the company's performance [2]. Forward-Looking Statements - The company will make forward-looking statements regarding business outlook, strategies, and long-term goals, while cautioning that these statements are subject to various risks and uncertainties [3].

Financial Data and Key Metrics Changes - Revenue for Q3 2025 was $42.2 million, down 9% year-over-year, but in line with expectations, reflecting continued softness across core markets [12] - Average monthly revenue per paying client decreased by 12% year-over-year to $2,693, primarily due to overall revenue softness and a shift towards newer clients with lower spend levels [13] - Net income for the quarter was $3.6 million, with adjusted EBITDA of $7.6 million, demonstrating profitability amid a softer revenue environment [14] - Cash at the end of the quarter was $62.6 million, up 39% year-over-year, marking the ninth consecutive quarter of positive cash generation [14] Business Line Data and Key Metrics Changes - Revenue across all product categories declined year-over-year, with the majority of the decrease driven by featured and deal listings, which are typically the first areas clients scale back when budgets tighten [12] - Average monthly paying clients increased by 2% year-over-year to 5,221, reflecting continued client acquisition in developing markets, partially offset by churn in more mature states [12] Market Data and Key Metrics Changes - Average retail flower prices in California are down roughly 9% year-over-year, and more than 20% in Michigan, indicating significant price and margin compression in key markets [5] - Michigan has introduced a wholesale excise tax of 24% on top of existing taxes, exacerbating the challenges faced by the cannabis industry [6] Company Strategy and Development Direction - The company is being increasingly selective in aligning with clients for long-term prospects, sometimes foregoing near-term revenue to improve future opportunities [7] - The company is focusing on developing its brand offerings to better align with the state of the industry and is prioritizing growth with multi-state operators (MSOs) [10] - The company aims to balance near-term execution with long-term opportunities, especially in anticipation of potential federal regulatory changes [10] Management's Comments on Operating Environment and Future Outlook - Management noted that the cannabis industry is facing significant regulatory challenges and market pressures, which may lead to continued industry consolidation [6] - Despite the challenges, management believes that underlying demand and consumer adoption trends remain strong, presenting opportunities for the company to shape the legal cannabis economy [11] - The company expects revenue for Q4 2025 to be between $41 million and $43 million, reflecting ongoing pressure in mature markets and planned investments in key initiatives [15] Other Important Information - The company operates with no debt, providing flexibility to navigate near-term market volatility while investing in strategic initiatives [14] - The company has a strong focus on expense discipline and operational efficiency, which has allowed it to remain profitable despite revenue challenges [14] Q&A Session Summary - No specific questions or answers were provided in the content regarding the Q&A session.

Financial Performance - Revenues for Q3 2025 were $42.2 million, down from $46.6 million in the prior year, representing a decrease of approximately 9.5%[205] - Net income for Q3 2025 was $3.6 million, down from $5.3 million in Q3 2024, a decrease of approximately 32.1%[218] - Adjusted EBITDA for Q3 2025 was $7.6 million, compared to $11.3 million in Q3 2024, reflecting a decrease of approximately 32.8%[205] - Total revenue for the nine months ended September 30, 2025 was $131.6 million, compared to $136.8 million for the same period in 2024, a decrease of approximately 3.5%[208] - The decrease in net income for the nine months ended September 30, 2025 was primarily due to a revenue decline of $5.2 million[219] - Revenues for the three months ended September 30, 2025, decreased by $4.4 million or 9% to $42.2 million compared to $46.6 million in the same period of 2024, primarily due to declines in Featured Listing and WM Deal products[253] - For the nine months ended September 30, 2025, revenues decreased by $5.2 million or 4% to $131.6 million compared to $136.8 million in the same period of 2024, driven by a $6.0 million decrease in Featured Listing and WM Deal products[264] Client Metrics - Average monthly paying clients increased by 2% to 5,221 in Q3 2025 from 5,100 in Q3 2024[213] - The average monthly revenues per paying client decreased to $2,693 in Q3 2025 from $3,043 in Q3 2024, a decline of approximately 11.5%[211] - The average monthly paying clients for the nine months ended September 30, 2025 increased by 4% to 5,214 from 5,027 in the same period in 2024[215] Expenses and Costs - Total costs and expenses for the three months ended September 30, 2025, were $40.2 million, a decrease of $1.1 million or 3% from $41.3 million in the same period of 2024[255] - General and administrative expenses increased by $1.3 million or 8% to $17.8 million for the three months ended September 30, 2025, compared to $16.5 million in 2024[259] - Operating income for the three months ended September 30, 2025, was $2.0 million, a decrease of $3.2 million or 62% from $5.2 million in the same period of 2024[253] - General and administrative expenses increased by $1.1 million in salaries and wages, $0.7 million in stock-based compensation, and $2.9 million in provision for credit losses for the nine months ended September 30, 2025 compared to the same period in 2024[271] - Depreciation and amortization expenses rose by $0.2 million primarily due to capitalized software development for the nine months ended September 30, 2025 compared to the same period in 2024[272] Cash Flow and Liquidity - Cash increased to $62.6 million as of September 30, 2025, up from $52.0 million as of December 31, 2024, indicating improved liquidity[277] - Net cash provided by operating activities was $23.1 million for the nine months ended September 30, 2025, down from $27.3 million for the same period in 2024[279] - Net cash used in investing activities was $9.4 million for the nine months ended September 30, 2025, consistent with $9.5 million for the same period in 2024[285] - Net cash outflows from financing activities decreased to $3.2 million for the nine months ended September 30, 2025, compared to $7.1 million for the same period in 2024[287] - The company expects existing cash and cash generated from operations to be sufficient to meet anticipated cash needs for at least the next 12 months[277] Market and Strategic Outlook - The company plans to continue investments in brand awareness and market expansion to capitalize on growth opportunities[204] - The cannabis market is expected to grow as more jurisdictions legalize cannabis, with 40 states currently allowing some form of cannabis use[229] - Selling and marketing expenses are expected to increase in line with revenue growth, although fluctuations may occur during market entry[242] - General and administrative expenses are anticipated to decline as a percentage of revenue as the company scales its operations[244] - The company faces competition from both cannabis-focused and general marketplaces, which is expected to intensify as the market matures[232] - The cost of revenues is expected to increase in absolute terms but remain relatively flat as a percentage of revenue as the business scales[241] - The company intends to continue making focused investments to support revenue growth and operational scaling[236] - The cannabis industry may experience increased seasonality in sales due to specific industry holidays, which could impact future revenue generation[275][276] Other Financial Metrics - The change in fair value of warrant liability resulted in a loss of $0.4 million for the three months ended September 30, 2025, compared to a gain of $0.6 million in 2024[261] - Other income (expense), net increased by $3.4 million, primarily due to a $1.0 million rise in net interest income and a $1.9 million change in TRA liability for the nine months ended September 30, 2025 compared to the same period in 2024[273] - Provision for income taxes decreased by 69% to $22,000 for the nine months ended September 30, 2025 compared to $72,000 for the same period in 2024[274] - Product development expenses decreased by $3.1 million or 32% to $6.4 million for the three months ended September 30, 2025, compared to $9.5 million in 2024[258] - Sales and marketing expenses increased by $1.1 million or 11% to $10.8 million for the three months ended September 30, 2025, compared to $9.7 million in 2024[257]