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M&A Deal Summary

Weedmaps Acquires Sprout

On September 14, 2021, Weedmaps acquired internet software and services company Sprout

Acquisition Highlights
  • This is Weedmaps’ 1st transaction in the Internet Software and Services sector.
  • This is Weedmaps’ 2nd transaction in the United States.
  • This is Weedmaps’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2021-09-14
Target Sprout
Sector Internet Software and Services
Buyer(s) Weedmaps
Deal Type Add-on Acquisition

Target

Sprout

Marlborough, Massachusetts, United States
Sprout is a cloud-based CRM & marketing platform for the cannabis industry. Sprout is based in Marlborough, Massachusetts.

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Buyer(S) 1

Buyer

Weedmaps

Irvine, California, United States
Category Company
Founded 2008
Sector Internet Software and Services
Employees440
Revenue 185M USD (2024)
DESCRIPTION

Weedmaps provides ecommerce and compliance software solutions to retailers and brands. The company offers Weedmaps marketplace that allows cannabis users to search for and browse cannabis products from retailers and brands, and reserve products from local retailers; and information on the cannabis plant, and the industry and advocate related services for legalization. Weedmaps was founded in 2008 and is based in Irvine, California.

DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Massachusetts M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-28 Marijuana.com

United States

Buy -
Mergr

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Product

Company

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