A group of smart people wrote a report about a company called WM Technology, which helps sell weed online. They think the company is not expensive enough compared to other similar companies and could do better in the future. The company sells weed online in some places where it's legal, like California, but they want to grow more and sell weed online in even more places. Read from source...

1. The author fails to acknowledge the legal and regulatory risks associated with cannabis operations in different jurisdictions, which could affect WM Technology's growth prospects and valuation.
2. The author does not provide a clear definition or explanation of what is an "undervalued" stock, nor how they determined this valuation metric.
3. The author compares WM Technology to Vertical SaaS, marketplace, and e-commerce enablement stocks without considering the differences in their business models, target markets, and competitive advantages. This comparison is misleading and does not reflect the unique nature of WM Technology's franchise in the cannabis sector.
4. The author uses outdated financial data (3Q23) to calculate key valuation metrics, which may not accurately represent the current state and prospects of the company.
5. The author does not address any potential threats or challenges from competitors, regulatory changes, consumer preferences, or technological innovations that could impact WM Technology's performance and value proposition.

1. Buy the stock of WM Technology (MAPS) at its current price or lower, as it is undervalued compared to its peers in the cannabis sector and e-commerce/SaaS industry. The company has a unique market position as the leading online cannabis consumer marketplace, and its dominance in key markets such as California supports its potential for growth.
2. Consider diversifying your portfolio by investing in other related sectors, such as biotechnology, agriculture, or pharmaceuticals, to benefit from the growing demand for cannabis products and derivatives. This will also help hedge against any regulatory or legal risks that may affect WM Technology's operations in certain regions.
3. Monitor the developments in the cannabis sector and the regulatory environment, as they could have a significant impact on WM Technology's valuation and performance. Keep an eye on any potential changes in laws, regulations, or policies that could either facilitate or restrict the expansion of the online cannabis marketplace. Additionally, be aware of any competitive threats from new entrants or existing players in the sector.