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Weedmaps Reports YoY Improvements In Adjusted EBITDA, Reports Drop In Q1 Revenue

WM Technology, Inc. (NASDAQ: MAPS) - also known as Weedmaps - announced on Friday its first quarter financial results for the three months ended March 31, 2024 and the full year ending December 31, 2023."I am proud of the progress and results our team was able to deliver to start the year, and more importantly, we are pleased that the net effects of our revenue recognition review were relatively minimal," said Doug Francis, executive chair of WM Technology. "We believe our continued focus on developing strong client relationships and commitment to operational efficiency have positioned the Company to continue to profitably build its base of quality clients in this dynamic industry over time."

MAPS

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Celsius Holdings Stock Is Tumbling Tuesday: What’s Going On?

Celsius' sales growth and market share are moving in the wrong direction in recent weeks. The report indicates that Celsius' sales growth slowed to 39% for the week ended May 18. It further suggests that Celsius' market share declined from 10.8% to 10.5% in the most recent week of data, while Celsius' pricing was down 7.2% on a year-over-year basis.

CELH