WM Technology (NASDAQ: MAPS), a leading technology and software infrastructure provider to the cannabis industry, announced its financial results for Q1 2023 on May 9.
Despite a decrease in revenue compared to the prior year period, Weedmaps reported positive adjusted EBITDA and a significantly reduced net loss, attributing the results to strategic actions taken to improve its bottom line.
Weedmaps Boosts Bottom Line
- The company reported revenue of $48 million in the first quarter ending March 31, 2023, compared to $57.5 million in the first quarter …