WM will use 80%+ of the capital raised in its SPAC + PIPE to cash out existing shareholders (the co-founders, purposefully). $450MM straight out to shareholders and another $35MM of transactions, leaving $100MM on the balance sheet.
Quite misleading to frame their capitalization as having $550MM+ available for growth capital.
Dutchie is Saas, not a marketplace. Leafly and WeedMaps have educational content, strain information, news articles, and dispensary finders. Dutchie only has dispensary finders with ordering.
I do like your article, but I feel like you are comparing two apples to a banana.
As a user of all 3 sites to shop, this comparison makes very little sense to me.
WM will use 80%+ of the capital raised in its SPAC + PIPE to cash out existing shareholders (the co-founders, purposefully). $450MM straight out to shareholders and another $35MM of transactions, leaving $100MM on the balance sheet.
Quite misleading to frame their capitalization as having $550MM+ available for growth capital.
Dutchie is Saas, not a marketplace. Leafly and WeedMaps have educational content, strain information, news articles, and dispensary finders. Dutchie only has dispensary finders with ordering.
I do like your article, but I feel like you are comparing two apples to a banana.
As a user of all 3 sites to shop, this comparison makes very little sense to me.