WM Technology, Inc. - 1792 Exchange

Rating Overview

WM Technology, Inc. is Medium Risk.

WM Technology, Inc. is Medium Risk. The company often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. The company occasionally embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues at times. This approach fails to safeguard free exercise, free speech, and free enterprise.

Rating Criteria

Corporate Weaponization Risk Levels
Criteria	Risk Level
Cancellations	Lower Risk
Discriminatory Philanthropy	No Data
Employment Protection	High Risk

Corporate Weaponization ⓘ

Corporate Governance and Public Policy Risk Levels
Criteria	Risk Level
Advocacy Bias	Medium Risk
Funding	Medium Risk
Political Actions	No Data

Corporate Governance and Public Policy ⓘ

Rating Criteria Detail

Criteria Risk Level Rationale

Corporate Weaponization

Criteria:

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level:

Lower

Rationale:

WM has not publicly canceled customers, suppliers, or vendors based on political views or religious beliefs ((1)).

Criteria:

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level:

N/A

Rationale:

WM provides discounts, free software, advertising, educational materials and training programs to applicants or licenses under social equity licensing programs, whose “special status is typically given in new markets to add more diversity and inclusion in the cannabis space” (1). The company does not publish charitable giving guidelines ((2)).

Criteria:

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level:

High

Rationale:

WM appears to prioritize diversity over merit in its leadership composition. From its Corporate Governance Guidelines: “the Board considers diversity (including diversity of gender, ethnic
background and country of origin), age, skills and other factors that it deems appropriate to maintain a balance of knowledge, experience, and capability on the Board” ((1)). The company does not provide viewpoint protections for its employees ((2))((3)).

Corporate Governance and Public Policy

Criteria:

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level:

Medium

Rationale:

WM supports DEI within its business practices. From its Advocacy webpage: “We are committed to supporting thriving, legal cannabis marketplaces, fostering diversity, and encouraging participation from minorities and economically disadvantaged individuals in the cannabis economy” ((1)). Otherwise, the company has not supported ideological causes or policies ((2)).

Criteria:

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level:

Medium

Rationale:

WM provides a benefits package for employees that covers “gender-affirming care” for covered employees and dependents, including children ((1)). Otherwise, there are no publicly known cases of the company using corporate funds to advance ideological causes, organizations, or policies ((2)).

Criteria:

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level:

N/A

Rationale:

WM does not operate a PAC or engage in lobbying at this time ((1))((2))((3)).