Financial Performance - WM Technology, Inc. reported Q2 2025 sales of $44.8 million, a slight decrease from $45.9 million in the previous year, attributed to lower revenues from Weedmaps for Business and featured listings, partially offset by increased ad solution revenues [1] - Adjusted EBITDA increased by 16% to $11.7 million, while net income surged by 81% to $2.2 million [1] - The average monthly revenue per client decreased from $3,033 to $2,852, but the average number of monthly paying clients rose from 5,045 to 5,241 [1] - Cash reserves grew to $59 million, with no debt on the balance sheet [1] Future Projections - Adjusted EBITDA is expected to be between $5 million and $7 million for the upcoming quarter [1] - Q3 sales projections are estimated to be between $41 million and $43 million [1] Strategic Insights - CEO Doug Francis highlighted growth from emerging market clients and emphasized solid cash flow and effective execution despite challenging cannabis market conditions [2] - The company maintains capital flexibility and a debt-free status, balancing investment and cost control to position itself for long-term growth amid industry consolidation and price deflation [2] - WM Technology, Inc. is recognized as one of the best marijuana stocks to buy according to analysts [2]

Group 1 - Alan Brochstein is a pioneer in the cannabis investment sector, having focused exclusively on this industry since 2007 [1] - He founded AB Analytical Services to provide independent consulting to registered investment advisors [1] - Brochstein is the managing partner of New Cannabis Ventures, which has been a key provider of financial information in the cannabis industry since 2015 [1] Group 2 - Alan has led the investing group 420 Investor since 2013, which focuses on publicly-traded cannabis stocks [2] - The group covers 20 stocks, providing investment news, earnings report previews, and post-report analyses [2] - Additional features of the group include a model portfolio, 10 weekly videos with chart analysis, 3 weekly summary pieces, a monthly newsletter, and a chat for questions [2]

Core Viewpoint - ProStar Holdings Inc. and JAVAD GNSS have entered into a global distribution agreement to bundle ProStar's PointMan Precision Mapping Solutions with JAVAD's high-precision GNSS receivers, enhancing the utility industry's access to integrated precision mapping solutions [1][2][5] Company Overview - ProStar is a software company specializing in cloud and mobile mapping solutions for critical infrastructure, with its flagship product, PointMan, designed to manage above- and below-ground assets [7] - JAVAD GNSS is recognized for its patented multi-constellation, multi-frequency GNSS technology, primarily serving demanding industries such as aerospace and defense [6] Strategic Partnership - The partnership aims to address the increasing demand for integrated precision mapping solutions in the utility sector, allowing users to capture and visualize underground infrastructure with centimeter accuracy [2][3] - By bundling PointMan with JAVAD's hardware, both companies are moving towards providing a comprehensive end-to-end solution, enhancing safety, compliance, and operational efficiency [3][5] Market Context - The utility industry faces challenges such as aging networks and the need to transition from outdated paper-based workflows, making the bundled solution timely and relevant [3] - The collaboration is seen as part of a broader trend where hardware manufacturers recognize the value of integrating software solutions to enhance customer offerings [5]

Financial Data and Key Metrics Changes - Revenue for Q2 2025 was $44.8 million, representing a decline of 2% from the prior year period, primarily driven by lower revenue from featured and deal listings products [16] - Net income for Q2 was $2.2 million, and non-GAAP adjusted EBITDA was $11.7 million, reflecting an increase of 8116% from the prior year period [20] - Average monthly paying clients increased by 4% to 5,241, up from 5,045 in the prior year period [17] - Average monthly revenue per paying client declined by 6% to $2,852 compared to $3,033 a year ago [18] - GAAP operating expenses totaled $42.9 million for Q2, a decrease of approximately $1.8 million or 4% versus the prior year period [19] Business Line Data and Key Metrics Changes - Revenue decline was partially offset by an increase in display advertising revenue, reflecting efforts to retain and reallocate clients' marketing budgets [16] - The decline in average monthly revenue per paying client was attributed to reduced spending from existing clients in mature markets and onboarding new clients at lower initial spend levels [18] Market Data and Key Metrics Changes - Ongoing market headwinds in key markets, particularly California, where the excise tax was increased to 19% of sales, impacting client margins and discretionary marketing spend [7][9] - Emerging markets like New York showed positive trends with accelerated client onboarding, indicating potential growth opportunities [10] Company Strategy and Development Direction - The company is focused on maintaining operational discipline and investing in long-term initiatives despite market challenges [5][21] - Plans to launch new products and expand premium placement opportunities for brands, aiming to offset revenue headwinds from legacy markets [11][12] - The company is also working on a new online head shop, Hetty, and expanding AI and ML capabilities to enhance product data standardization [13][14] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the structural challenges in the cannabis industry and emphasized the importance of playing the long game [5] - Despite ongoing pressures, the company remains committed to disciplined execution and sustaining profitability while navigating near-term uncertainties [21] - The outlook for Q3 revenue is expected to be approximately $41 million to $43 million, with non-GAAP adjusted EBITDA in the range of $5 million to $7 million [21] Other Important Information - The company ended the quarter with $59 million in cash, marking its eighth consecutive quarter of cash growth and operating with no debt [20] - Legislative uncertainties regarding the hemp market are being monitored, with potential impacts on product offerings [12][13] Q&A Session Summary - No specific questions or answers were provided in the content regarding the Q&A session.

WM Technology, Inc. Q2 2025 Results August 7, 2025 Disclaimer This presentation is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to WM Technology, Inc. ("WM", the "Company", "we", "us", "our") and for no other purpose. References in this presentation to the "10- Q" refer to the Quarterly Report on Form 10-Q for the period ended June 30, 2025 to be filed with the Securities and Exchange Commission (the "SEC"). No repres ...

[Part I - Financial Information](index=5&type=section&id=Part%20I%20-%20Financial%20Information) [Item 1. Condensed Consolidated Financial Statements (Unaudited)](index=5&type=section&id=Item%201.%20Condensed%20Consolidated%20Financial%20Statements%20(Unaudited)) This section presents WM Technology, Inc.'s unaudited condensed consolidated financial statements for Q2 and H1 2025, including balance sheets, operations, equity, and cash flows [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets increased to **$188.1 million** by June 30, 2025, driven by cash, while liabilities slightly decreased and stockholders' equity grew Condensed Consolidated Balance Sheet Highlights (in thousands) | Metric | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Total Current Assets** | $77,404 | $69,512 | | Cash | $58,951 | $51,966 | | **Total Assets** | **$188,066** | **$181,866** | | **Total Current Liabilities** | $32,200 | $30,433 | | **Total Liabilities** | **$60,061** | **$61,799** | | **Total Stockholders' Equity** | **$128,005** | **$120,067** | [Condensed Consolidated Statements of Operations](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q2 2025 revenues slightly decreased to **$44.8 million**, while net income attributable to WM Technology, Inc. increased to **$1.4 million** year-over-year Q2 2025 vs Q2 2024 Statement of Operations (in thousands) | Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Revenues | $44,847 | $45,903 | | Operating Income | $1,969 | $1,231 | | Net Income | $2,159 | $1,194 | | Net Income attributable to WM Technology, Inc. | $1,427 | $716 | | Diluted EPS | $0.01 | $0.01 | Six Months Ended June 30, 2025 vs 2024 Statement of Operations (in thousands) | Metric | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Revenues | $89,459 | $90,292 | | Operating Income | $4,616 | $4,992 | | Net Income | $4,653 | $3,153 | | Net Income attributable to WM Technology, Inc. | $3,074 | $1,956 | | Diluted EPS | $0.03 | $0.02 | [Condensed Consolidated Statements of Equity](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Equity) Total stockholders' equity increased to **$128.0 million** by June 30, 2025, driven by net income and stock-based compensation - Total WM Technology, Inc. stockholders' equity grew from **$36.1 million** at year-end 2024 to **$52.7 million** as of June 30, 2025[25](index=25&type=chunk) - During the first six months of 2025, **5 million** Class V Common Stock shares were exchanged for Class A Common Stock shares[25](index=25&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash provided by operating activities was **$16.7 million** for H1 2025, contributing to a **$7.0 million** increase in cash balance to **$59.0 million** Six Months Ended June 30 Cash Flow Summary (in thousands) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $16,725 | $20,054 | | Net cash used in investing activities | $(6,493) | $(7,140) | | Net cash used in financing activities | $(3,247) | $(5,972) | | **Net increase in cash** | **$6,985** | **$6,942** | | **Cash – end of period** | **$58,951** | **$41,292** | [Notes to Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) This section details significant accounting policies, including revenue recognition, fair value measurements, commitments, contingencies, stock-based compensation, and subsequent events - The company operates a leading online cannabis marketplace (Weedmaps) and provides a suite of SaaS solutions (Weedmaps for Business) for cannabis retailers and brands[30](index=30&type=chunk)[31](index=31&type=chunk)[32](index=32&type=chunk) - For the six months ended June 30, 2025, approximately **56%** of the Company's revenues originated in California, indicating a significant geographic concentration[110](index=110&type=chunk) - The company settled an SEC investigation in Q3 2024 regarding its historical reporting of monthly active users (MAUs) by paying a civil penalty of **$1.5 million**, without admitting or denying the findings[119](index=119&type=chunk)[120](index=120&type=chunk) - A loss contingency of **$2.3 million** was recorded in Q2 2025 due to a probable shortfall in the minimum purchase obligation under an agreement with AWS[123](index=123&type=chunk)[124](index=124&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=33&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q2 2025 financial performance, noting a **2%** revenue decrease to **$44.8 million** and a net income increase to **$2.2 million**, alongside changes in client metrics Q2 2025 Financial Highlights | Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Revenues | $44.8 million | $45.9 million | | Net Income | $2.2 million | $1.2 million | | Adjusted EBITDA | $11.7 million | $10.1 million | | Average monthly paying clients | 5,241 | 5,045 | | Average monthly revenues per paying client | $2,852 | $3,033 | - The decrease in average monthly revenue per paying client was primarily due to spending declines in established markets driven by industry challenges like price deflation and consolidation[201](index=201&type=chunk) - The increase in average monthly paying clients was driven by new client acquisitions in developing markets, which partially offset churn in more established markets[204](index=204&type=chunk) [Results of Operations](index=41&type=section&id=Results%20of%20Operations) Q2 2025 revenues decreased **2%** due to lower product spending, while total costs and expenses decreased **18%**, despite a **12%** increase in G&A from an AWS contract contingency - Q2 2025 revenues decreased by **$1.1 million (2%)** YoY, primarily from a **$1.4 million** drop in Featured Listing and WM Deal products[243](index=243&type=chunk) - Sales and marketing expenses in Q2 2025 decreased by **$2.2 million (19%)** YoY, mainly due to a **$2.1 million** reduction in advertising expenses[247](index=247&type=chunk) - Product development expenses in Q2 2025 decreased by **$2.1 million (22%)** YoY, driven by a **$1.9 million** reduction in personnel-related costs[248](index=248&type=chunk) - General and administrative expenses in Q2 2025 increased by **$2.2 million (12%)** YoY, primarily due to a **$2.3 million** loss contingency for the AWS minimum commitment, partially offset by a **$1.5 million** decrease in SEC settlement costs[249](index=249&type=chunk) [Liquidity and Capital Resources](index=46&type=section&id=Liquidity%20and%20Capital%20Resources) As of June 30, 2025, the company held **$59.0 million** in cash and **$45.2 million** in working capital, with **$16.7 million** net cash from operations for H1 2025 Liquidity Position (in thousands) | Metric | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Cash | $58,951 | $51,966 | | Working Capital | $45,204 | $39,079 | Six Months Ended June 30 Cash Flow Summary (in thousands) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $16,725 | $20,054 | | Net cash used in investing activities | $(6,493) | $(7,140) | | Net cash used in financing activities | $(3,247) | $(5,972) | [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=47&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) As a smaller reporting company, WM Technology, Inc. is not required to provide quantitative and qualitative disclosures about market risk - As a smaller reporting company, WM Technology, Inc. is not required to provide quantitative and qualitative disclosures about market risk[280](index=280&type=chunk) [Item 4. Controls and Procedures](index=47&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were not effective as of June 30, 2025, due to ongoing material weaknesses in internal control over financial reporting - The CEO and CFO concluded that disclosure controls and procedures were not effective as of June 30, 2025, due to ongoing material weaknesses[283](index=283&type=chunk) - Ongoing material weaknesses include deficiencies in the control environment, risk assessment, and monitoring activities, which contributed to weaknesses in IT general controls and process-level controls[288](index=288&type=chunk) - Specific unremediated weaknesses from prior years include ineffective IT general controls for key financial systems and ineffective process-level controls related to order-to-cash, procure-to-pay, capitalized software, payroll, and income tax cycles[289](index=289&type=chunk)[290](index=290&type=chunk) - Remediation efforts are in progress, including improving revenue recognition controls, segregating access in the ERP system, hiring key personnel, and implementing a new ERP system[291](index=291&type=chunk)[292](index=292&type=chunk) [Part II - Other Information](index=51&type=section&id=Part%20II%20-%20Other%20Information) [Item 1. Legal Proceedings](index=51&type=section&id=Item%201.%20Legal%20Proceedings) This section incorporates by reference Note 5, detailing ongoing litigation including shareholder class action and derivative actions related to historical MAU reporting - The company is facing a putative shareholder class action (Seret Ishak v. WM Technology, Inc. et al.) alleging material misrepresentations regarding historical MAU reporting[114](index=114&type=chunk) - Two shareholder derivative actions (DeGennaro v. Francis, et. al and Pearson v. Francis, et. al), which have been consolidated and stayed, were filed against board members and officers, also related to MAU reporting[117](index=117&type=chunk)[118](index=118&type=chunk) [Item 1A. Risk Factors](index=51&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors previously disclosed in the 2024 Form 10-K - There have been no material changes to the risk factors previously disclosed in the 2024 Form 10-K[294](index=294&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=51&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered sales of equity securities during the period - None[295](index=295&type=chunk) [Item 3. Defaults Upon Senior Securities](index=51&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reported no defaults upon senior securities - None[296](index=296&type=chunk) [Item 4. Mine Safety Disclosures](index=51&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[297](index=297&type=chunk) [Item 5. Other Information](index=51&type=section&id=Item%205.%20Other%20Information) The company reported no other information under this item - None[298](index=298&type=chunk) [Item 6. Exhibits](index=52&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including Certificate of Incorporation, Bylaws, officer certifications, and XBRL data files

[Second Quarter 2025 Financial & Operational Highlights](index=1&type=section&id=Second%20Quarter%202025%20Financial%20%26%20Operational%20Highlights) In the second quarter of 2025, WM Technology reported a slight year-over-year revenue decrease to $44.8 million, but demonstrated improved profitability with net income rising 81% to $2.2 million and Adjusted EBITDA increasing 16% to $11.7 million Q2 2025 Key Financial Metrics (vs. Q2 2024, in millions) | Metric | Q2 2025 | Q2 2024 | Change | | :--- | :--- | :--- | :--- | | **Revenues** | $44.8 | $45.9 | -2.4% | | **Net Income** | $2.2 | $1.2 | +81% | | **Adjusted EBITDA** | $11.7 | $10.1 | +16% | Q2 2025 Key Operational Metrics (vs. Q2 2024) | Metric | Q2 2025 | Q2 2024 | Change | | :--- | :--- | :--- | :--- | | **Average monthly paying clients** | 5,241 | 5,045 | +3.9% | | **Average monthly revenues per paying client** | $2,852 | $3,033 | -6.0% | - The decrease in revenue was attributed to lower spending on Weedmaps for Business solutions and featured listings, which was partially offset by growth in other ad solutions[6](index=6&type=chunk) - Client growth was driven by acquisitions in developing markets, but this was partially offset by churn and reduced spending in more established markets facing industry challenges like price deflation[6](index=6&type=chunk) - The company's cash position increased to **$59.0 million** as of June 30, 2025, up from **$52.0 million** at the end of 2024[6](index=6&type=chunk) [Management Commentary](index=1&type=section&id=Management%20Commentary) Management characterized the quarter as solid, emphasizing strong cash flow generation and disciplined operations within a difficult market environment - CEO Doug Francis highlighted the company's solid performance, strong cash flow, and operational discipline despite a challenging operating environment, noting progress with new clients in emerging markets[2](index=2&type=chunk) - CFO Susan Echard emphasized the company's strong financial position, with cash growth and no debt, which allows for continued investment while maintaining flexibility in a dynamic market[2](index=2&type=chunk) [Business Outlook (Q3 2025 Guidance)](index=2&type=section&id=Business%20Outlook%20%28Q3%202025%20Guidance%29) For the third quarter of 2025, WM Technology projects revenues to be in the range of $41 million to $43 million, with Non-GAAP Adjusted EBITDA anticipated between $5 million and $7 million Q3 2025 Guidance (in millions) | Metric | Guidance Range | | :--- | :--- | | **Revenues** | $41 - $43 | | **Non-GAAP Adjusted EBITDA** | $5 - $7 | - The guidance provided is an estimate and does not account for potential business acquisitions, investments, restructurings, or legal settlements[8](index=8&type=chunk) [Financial Statements](index=4&type=section&id=Financial%20Statements) The unaudited consolidated financial statements reflect the company's financial health as of June 30, 2025, showing asset and equity growth, a slight revenue decline, improved net income, and increased cash from operations [Consolidated Balance Sheets](index=4&type=section&id=Consolidated%20Balance%20Sheets) As of June 30, 2025, WM Technology's balance sheet showed total assets of $188.1 million, an increase from $181.9 million at the end of 2024, with cash growing to $59.0 million Selected Balance Sheet Data (in thousands) | Account | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Cash** | $58,951 | $51,966 | | **Total Current Assets** | $77,404 | $69,512 | | **Total Assets** | $188,066 | $181,866 | | **Total Liabilities** | $60,061 | $61,799 | | **Total Stockholders' Equity** | $128,005 | $120,067 | [Consolidated Statements of Operations](index=5&type=section&id=Consolidated%20Statements%20of%20Operations) For the second quarter of 2025, revenues were $44.8 million, down from $45.9 million in Q2 2024, yet the company improved profitability through cost management, increasing operating income and net income year-over-year Q2 Statement of Operations Highlights (in thousands, vs. Q2 2024) | Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | **Revenues** | $44,847 | $45,903 | | **Total costs and expenses** | $42,878 | $44,672 | | **Operating income** | $1,969 | $1,231 | | **Net income** | $2,159 | $1,194 | | **Diluted income per share** | $0.01 | $0.01 | - Profitability improvements were supported by year-over-year reductions in key operating expenses, including Sales and Marketing (down to **$8.9M** from **$11.1M**) and Product Development (down to **$7.5M** from **$9.6M**)[24](index=24&type=chunk) [Consolidated Statements of Cash Flows](index=6&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) For the first six months of 2025, the company generated $16.7 million in cash from operating activities, with a net increase in cash of $7.0 million, ending the period at $59.0 million Six Months Ended June 30, Cash Flow Summary (in thousands) | Cash Flow Activity | 2025 | 2024 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $16,725 | $20,054 | | **Net cash used in investing activities** | ($6,493) | ($7,140) | | **Net cash used in financing activities** | ($3,247) | ($5,972) | | **Net increase in cash** | $6,985 | $6,942 | | **Cash – end of period** | $58,951 | $41,292 | [Reconciliation of GAAP to Non-GAAP Measures](index=7&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Measures) The company reconciled its GAAP Net Income to non-GAAP Adjusted EBITDA, which increased 16% to $11.7 million in Q2 2025 after adjustments for items like depreciation, stock-based compensation, legal costs, and a significant loss contingency Reconciliation of Net Income to Adjusted EBITDA (in thousands) | Line Item | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | **Net income** | $2,159 | $1,194 | | **EBITDA** | $5,186 | $4,383 | | **Adjustments** | | | | Stock-based compensation | $2,624 | $2,752 | | Legal settlements and other legal costs | $1,436 | $3,020 | | Loss contingency | $2,324 | $— | | Other adjustments | $155 | ($65) | | **Adjusted EBITDA** | **$11,725** | **$10,090** | - A notable adjustment in Q2 2025 was a **$2.3 million** loss contingency related to a purchase obligation shortfall with AWS[27](index=27&type=chunk)

Industry Overview - The cannabis industry is projected to exceed $45 billion by 2025, with strong growth expected over the next five years as demand for accessories and digital services increases [1][4] - Ancillary sectors such as technology, packaging, and paraphernalia are becoming essential, providing support without directly handling cannabis [1][4] Legislative Environment - Momentum for cannabis legalization is building, with new bills being introduced in key states and some regions expanding medical access or softening penalties [2] - Federal reform remains slow, causing fluctuations in cannabis stocks in response to news events [2] Investment Opportunities - Ancillary cannabis companies are seen as a smart investment for exposure to the cannabis sector without the legal risks associated with growers or dispensaries [1][4] - Key ancillary stocks to monitor include Leafly Holdings Inc. (LFLY), WM Technology Inc. (MAPS), and Greenlane Holdings Inc. (GNLN) [4][6] Company Profiles Leafly Holdings Inc. (LFLY) - Leafly is a leading online cannabis marketplace, serving millions of users and listing inventory from over 10,000 licensed dispensaries [5][7] - The company is facing financial strain, having shifted to over-the-counter trading, with anticipated Q1 2025 revenue around $8.5 million [7] - Leafly's primary revenue source is advertising, but operational losses are a concern, necessitating improved monetization and cost management [7] WM Technology Inc. (MAPS) - WM Technology, known as Weedmaps, connects consumers with licensed retailers and provides digital tools for over 5,000 cannabis businesses [8] - In Q1 2025, Weedmaps reported revenue of $44.6 million, maintaining positive adjusted operating income of $2.6 million, indicating financial stability [8] - The company is focusing on improving platform features and retaining long-term clients, despite a slowdown in new customer growth [8] Greenlane Holdings Inc. (GNLN) - Greenlane is a supplier of cannabis accessories and packaging, specializing in vaporizers and safety packaging, with operations across North America and abroad [9] - The company raised $25 million through a private placement in February 2025 and executed a 1-for-750 reverse stock split to meet Nasdaq standards [11] - Greenlane is undergoing restructuring efforts to stabilize and return to profitability, with revenue figures for Q1 yet to be disclosed [11] Market Sentiment - Ancillary cannabis companies are viewed as strong entry points for investors seeking exposure without direct investment in cultivation or retail [12] - Each company presents unique advantages and challenges, with July 2025 being a critical time to monitor their progress and consider investment opportunities [12]

Core Insights - ProStar Holdings Inc. has entered into a formal contract with a State Department of Transportation (DOT) to evaluate its flagship solution, PointMan, for potential statewide adoption [1][2] - The evaluation will focus on how PointMan can streamline operations, improve workflows, and enhance safety during construction and maintenance activities [2] - The Colorado Department of Transportation's successful adoption of PointMan has generated interest from other DOTs looking to improve critical infrastructure management [3] Company Overview - ProStar is a leading software company specializing in patented cloud and mobile mapping solutions for the critical infrastructure industry [5] - PointMan, the company's flagship product, manages above- and below-ground assets like utilities and pipelines, enhancing workflows throughout their lifecycle [5] - ProStar holds 16 issued patents in the U.S. and Canada, which supports its strong intellectual property portfolio [6] Stock Option Grant - The Board of Directors has approved the grant of 3.3 million stock options, each exercisable at a price of $0.14 CDN per common share for a period of five years [4]

Core Insights - ProStar Holdings Inc. has partnered with JAVAD GNSS to integrate JAVAD's GNSS receivers into ProStar's PointMan Precision Mapping Solutions for the utility and critical infrastructure industry [1][2][3] - This collaboration aims to enhance ProStar's mapping solution by leveraging JAVAD's advanced GNSS technology, which is recognized for its accuracy and performance in challenging environments [3][4] - The partnership is expected to accelerate market adoption and revenue growth by utilizing JAVAD's global distribution network [2][3] Company Overview - ProStar is a software company specializing in cloud and mobile mapping solutions for critical infrastructure, with its flagship product, PointMan, designed to manage above- and below-ground assets [6] - ProStar holds 16 issued patents in the U.S. and Canada, indicating a strong intellectual property portfolio [6] - JAVAD GNSS is a leader in multi-constellation, multi-frequency GNSS technology, known for its high performance and innovative solutions in various industrial applications [5][6] Strategic Goals - The partnership aligns with ProStar's strategy to integrate best-in-class technologies into its offerings, enhancing the precision and user-friendliness of its mapping solutions [2][4] - JAVAD aims to expand into the utility mapping market, identifying significant growth opportunities globally [4] - Both companies are focused on establishing PointMan as a global leader in precision mapping, particularly for stakeholders needing accurate geospatial data [4]