WM Technology, Inc. Joins Russell 3000®, Russell 2000® and Russell Microcap® Indexes
June 27 2022 - 8:59AM
Business Wire
WM Technology, Inc. (“WM Technology” or the “Company”) (Nasdaq:
MAPS), the leading marketplace and technology solutions provider to
the cannabis industry, today announced the Company’s inclusion in
the Russell 3000®, Russell 2000® and Russell Microcap® Indexes at
the conclusion of the 2022 Russell indexes annual reconstitution,
effective after the US market opens on June 27.
"We are thrilled to have been included in the Russell Indexes,"
said Chris Beals, CEO of WM Technology. “Our addition, on top of
our 2021 listing on the Nasdaq, is yet another milestone event that
will allow us to be more accessible to the investment community and
support us in expanding our shareholder base.”
Annual Russell indexes reconstitution captures the 4,000 largest
US stocks as of May 6, ranking them by total market capitalization.
Membership in the US all-cap Russell 3000® Index, which remains in
place for one year, means automatic inclusion in either the
large-cap Russell 1000® Index or small-cap Russell 2000® Index as
well as the appropriate growth and value style indexes. FTSE
Russell determines membership for its Russell indexes primarily by
objective, market-capitalization rankings and style attributes.
For more information on the Russell 3000® Index and the Russell
indexes reconstitution, go to the “Russell Reconstitution” section
on the FTSE Russell website at www.ftserussell.com.
About WM Technology
Founded in 2008, WM Technology operates the leading online
cannabis marketplace, Weedmaps, with a comprehensive set of
eCommerce and compliance software solutions, WM Business, sold to
retailers and brands in the U.S. state-legal and Canadian cannabis
markets. The Company’s mission is to power a transparent and
inclusive global cannabis economy.
The Company’s technology addresses the challenges facing both
consumers seeking to understand cannabis products and businesses
who serve cannabis users in a legally compliant fashion. Over the
past 14 years, the Weedmaps marketplace has become the premier
destination for cannabis consumers to discover and browse
information regarding cannabis and cannabis products, permitting
product discovery and order-ahead for pickup or delivery by
participating retailers. WM Business is a set of
eCommerce-enablement tools designed to help retailers and brands
get the best out of the Weedmaps’ consumer experience, create labor
efficiencies, and manage compliance needs.
WM Technology holds a strong belief in the power of cannabis and
the importance of enabling safe, legal access to consumers
worldwide. Since inception, WM Technology has worked tirelessly,
not only to become the most comprehensive platform for consumers,
but to build the software solutions that power businesses
compliantly in the space, to advocate for legalization, social
equity, and licensing in many jurisdictions, and to facilitate
further learning through partnering with subject matter experts on
providing detailed, accurate information about the plant.
Headquartered in Irvine, California, WM Technology supports
remote work for all eligible employees. Visit us at
www.weedmaps.com.
About FTSE Russell
FTSE Russell is a global index leader that provides innovative
benchmarking, analytics and data solutions for investors worldwide.
FTSE Russell calculates thousands of indexes that measure and
benchmark markets and asset classes in more than 70 countries,
covering 98% of the investable market globally.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Approximately $20
trillion is currently benchmarked to FTSE Russell indexes. For over
30 years, leading asset owners, asset managers, ETF providers and
investment banks have chosen FTSE Russell indexes to benchmark
their investment performance and create ETFs, structured products
and index-based derivatives.
A core set of universal principles guides FTSE Russell index
design and management: a transparent rules-based methodology is
informed by independent committees of leading market participants.
FTSE Russell is focused on applying the highest industry standards
in index design and governance and embraces the IOSCO Principles.
FTSE Russell is also focused on index innovation and customer
partnerships as it seeks to enhance the breadth, depth and reach of
its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit www.ftserussell.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220627005084/en/
Investor Relations: investors@weedmaps.com
Media: Travis Rexroad, Senior Director of Corporate
Communications press@weedmaps.com
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