MA
COMPANY

Mantis Ads

Mantis Ads is a cannabis-focused ad network and programmatic advertising platform.

Analyst Perspective

Mantis Ads is a US-based adtech company operating as a cannabis-focused digital advertising network and programmatic platform. Its legal entity is MANTIS Ad Network, LLC. The business serves both sides of the market: advertisers such as cannabis, CBD, hemp and THC brands, dispensaries and agencies; and publishers seeking to monetise cannabis-relevant audiences. Its product set includes advertiser buying tools, publisher monetisation infrastructure, direct buying paths, exchange-based reach and audience data monetisation. The company makes money primarily from media spend transacted through its platform, using a mix of ad network margin, embedded programmatic take rates and additional fees on certain inventory paths. It also supports publisher monetisation through revenue share and CPM-linked audience data activation. Its positioning is built around compliance support for restricted-category advertising and access to endemic publisher inventory that mainstream platforms often limit.

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Category Differentiation

This company is not a cannabis retailer, dispensary marketplace or consumer media brand. It is an adtech intermediary and monetisation platform for advertisers and publishers in regulated cannabis-related categories.

Mantis Ads: About

The company operates a vertical adtech marketplace for restricted-category advertising. It aggregates publisher inventory and audience data, packages this supply into self-serve and managed buying workflows for advertisers, and provides publisher-side tools to monetise impressions, native placements, video inventory and audience segments. Value is created by matching cannabis-sector demand with compliant supply, reducing friction for advertisers that cannot easily access mainstream ad channels, and improving yield for publishers in the same ecosystem.

How Mantis Ads Works & Monetises

Business model analysis and core revenue streams

Mantis primarily monetises via media spend flowing across its advertising infrastructure. The core model appears to combine ad network margin on inventory, percentage take rates embedded in CPM pricing, and extra fees for exchange-based inventory access. Advertisers commonly prepay campaign budgets, which reduces credit risk and supports predictable publisher payouts. Additional monetisation comes from publisher revenue-sharing arrangements and CPM-based payments when audience segments are activated through the Audience Extension product.

Revenue Channels

Advertiser media spend across network inventoryMedia arbitrage and CPM markup
Programmatic buying and exchange access feesPercentage take-rate embedded in media transactions
Direct publisher buying pathsReduced-fee transaction margin on direct inventory access
Publisher audience data activationCPM-based data monetisation

Recent Signals (Mantis Ads)

ExchangeWireApr 17, 2025

Mantis Unveils Game-Changing Attention Metrics Tool for Advertisers

Mantis announced the launch of Mantis Attention, a new attention-based measurement tool powered by Adnami. The solution is designed to give advertisers and publishers deeper insight into audience engagement beyond traditional viewability, providing metrics such as placement, share of page, time in view, and overall engagement. It supports publishers in identifying the best inventory spots for brand campaigns and widgets, while enabling advertisers to assess campaign effectiveness and adjust placements based on key KPIs. The product emphasizes prioritizing placements with high Attention Per Mille (APM) and Effective Attention per Mille (eAPM) to maximise media efficiency, brand impact, and ROI by reducing spend on low-attention placements. Executives Terry Hornsby (EVP, Mantis) and Alex Barstow (Commercial Director UK, Adnami) describe attention as the new currency and highlight the integration of Adnami’s sonar technology to bridge the gap between viewability and genuine engagement.

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AdExchangerJun 25, 2015

Why Marijuana Marketing Needs Some Data-Driven Dankness

The article discusses how cannabis marketing is increasingly data-driven but hampered by a patchwork of state regulations and platform restrictions. Jayne Pimentel, Reddit’s ad ops chief and founder of the CanX app, describes a data-powered approach that connects cannabis growers, product producers, dispensaries and consumers using anonymous registration data to tailor outreach. Regulators across states impose strict rules, with some states banning cannabis advertising entirely and others requiring age-verification like a 70% older-than-21 audience threshold. Colorado allows ads in traditional media if age proof is provided, but verifying audience age remains challenging. Major platforms—Facebook, Instagram, Google AdWords, Bing, LinkedIn—restrict cannabis ads altogether or limit them; publishers may reject cannabis banners. The piece also highlights that the cannabis market has grown since legalization in several states, with ArcView Group citing US industry sales around $2.7B by 2014 and GreenWave forecasting potential $35B/year by 2020 if nationwide legalization occurs.

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Mantis Ads: Frequently Asked Questions

What is Mantis Ads?

Mantis Ads is a cannabis-focused adtech platform and ad network that helps advertisers run compliant digital campaigns and helps publishers monetise relevant audiences.

Who uses Mantis Ads?

Its users are businesses including cannabis, CBD and hemp brands, dispensaries, agencies, publishers and media owners seeking compliant buying or monetisation tools.

How does Mantis Ads make money?

It primarily earns from media spend through ad network margin, programmatic take rates, exchange-related fees and publisher-side monetisation tied to impressions and audience data activation.

Company Facts

Founded
2013
Headquarters
Denver, CO, United States
Core Segment
Media Arbitrator / Ad Network
Company Size
10–49
Official Link
mantisadnetwork.com