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  • Brett Schafer

Deep Dive: WM Technology Stock With CFO Arden Lee

Listen On:

  1. Spotify

  2. Google Podcasts

  3. Apple Podcasts

Show Notes

This week we had the pleasure of discussing WM Technology (aka the company behind WeedMaps) CFO Arden Lee. Arden gave a masterclass overview of the business and the financial/regulatory dynamics of the cannabis industry. This is one of those interviews where I'm going to go back and listen to what he said because of how many insights there were to pick up. Here are some questions we asked him:

  1. Can you give an overview of Weedmaps? What is the company and how did it get to where it is today?

  2. As the CFO, what is your role at Weedmaps?

  3. Can you go through the unit economics of the business? What enables you to have such strong gross margins and what are you spending on to continue growing?

  4. A big part of your strategy has been acquisitions. What are the goal with these?

  5. It looks like the ad/promotional marketplace is very powerful for cannabis brands/retailers. How does that work and why is it so effective?

  6. Legalizing cannabis is obviously important to the business. Can you quantify the effects at all when a state legalizes the product?

  7. Outside of legalization stuff, what makes the cannabis industry so complex?

  8. Wrap-up: What are the long-term goals for WM Technology? How do you guys envision the business 3 - 5 years from now?

Chit Chat Money is sponsored by 7investing. Use our link or enter promo code “CCM” at check-out for a discount on your first month of the service.

Disclosure: The author and podcast guests are not your financial advisors. Ryan Henderson and Brett Schafer are general partners and portfolio managers at Arch Capital. Clients of Arch Capital may hold securities discussed on this show.

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