Welcome to our dedicated page for Leafly Holdings news (Ticker: LFLY), a resource for investors and traders seeking the latest updates and insights on Leafly Holdings stock.
Leafly Holdings, Inc. (LFLY) operates as a premier online cannabis information resource platform. The company is recognized for offering comprehensive information, reviews, menus, and ordering and delivery options through legal retailers. By providing subscription-based marketplace listings, Leafly connects cannabis retailers and brands with a dedicated audience.
Leafly's platform stands out due to its rich content and user-friendly interface, which includes detailed strain information, user reviews, and educational resources. This makes it an invaluable tool for both new and experienced cannabis consumers. Retailers leverage Leafly's platform to enhance their visibility and reach, utilizing tools and analytics to maximize their market presence.
Recent achievements include expanding partnerships with key cannabis brands and retailers, further enhancing the platform's offerings and user experience. Current projects focus on technological advancements in e-commerce and delivery services, aiming to streamline and enhance the consumer experience.
Financially, Leafly Holdings has been strategically investing in innovations and expanding its market footprint. The company continues to grow its user base and revenue streams, positioning itself as a leader in the cannabis tech space.
With its commitment to providing reliable and relevant cannabis information, Leafly Holdings, Inc. is a key player in the industry, continuously evolving to meet the needs of its audience and partners.
Leafly has named Super Boof as its Strain of the Year 2024, marking the 7th year of this prestigious award. This hybrid strain, created by independent San Diego breeder Blockhead, is a cross between Black Cherry Punch and Tropicana Cookies. Super Boof emerged as the fastest-growing new cultivar on Leafly's platform and topped the national Budtenders' Choice survey in 2024.
Originally bred as a backup project in 2019, the strain has gained organic traction nationwide, featuring a distinctive orange-forward flavor profile with cookie undertones. The selection process involved analysis of Leafly's data on traffic growth, menu availability, and budtender recommendations, with widespread availability in adult-use states being a key criterion.
Leafly Holdings reported Q3 2024 financial results with revenue of $8.4 million, down from $10.6 million in Q3 2023. The company posted a net loss of $1.1 million but achieved positive adjusted EBITDA of $0.4 million for the second consecutive quarter. Retail revenue stabilized at $7.4 million, while brand revenue was $1.0 million. Operating expenses decreased 27% year-over-year to $8.0 million. The company maintained a gross margin of 89% and ended the quarter with $13.6 million in cash. Notably, Leafly faces challenges with convertible notes due in January 2025 and ongoing Nasdaq listing compliance issues.
Leafly Holdings (NASDAQ: LFLY), an online cannabis discovery marketplace, has scheduled its third quarter 2024 financial results release for November 7, 2024, after market close. The results will cover the period ended September 30, 2024. The company has indicated that no earnings conference call will be held following the release.
Leafly (NASDAQ: LFLY), a leading cannabis discovery marketplace, has announced a partnership with the New York Cannabis Retail Association (NYCRA) to support licensed cannabis retailers in New York. This collaboration aims to create a more sustainable, equitable, and inclusive cannabis industry in the Empire State.
The partnership will sponsor industry events in 2024 and implement marketing initiatives to increase awareness about the importance of buying legal and local cannabis. Leafly and NYCRA emphasize that supporting legal cannabis creates sustainable jobs and provides tax revenues for community initiatives.
Leafly CEO Yoko Miyashita highlighted the challenges faced by legal cannabis businesses in New York, including unfair competition from unlicensed retailers. The partnership seeks to promote a fair marketplace and ensure consumer access to safe products and information.
Leafly Holdings (NASDAQ: LFLY) reported Q2 2024 financial results with revenue of $8.7 million, down from $10.7 million in Q2 2023. The company posted a net loss of $1.3 million and adjusted EBITDA of $0.5 million. Retail revenue decreased to $7.3 million, while brand revenue fell to $1.4 million. Despite lower revenue, Leafly improved its gross margin to 89% and reduced operating expenses by 17% to $8.4 million.
The company ended the quarter with $13.6 million in cash, excluding restricted cash. Leafly is focusing on operational efficiency and stabilizing its core business. For Q3 2024, the company expects revenue of around $8.4 million and an adjusted EBITDA loss of less than $1.0 million.
Leafly Holdings (NASDAQ: LFLY), a leading online cannabis discovery marketplace, has announced it will release its financial results for the second quarter ended June 30, 2024, after market close on August 8, 2024. The company will host a webcast at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) on the same day to discuss the results.
Investors and interested parties can access the live and archived webcast from the Events section of Leafly's Investor Relations website at https://investor.leafly.com/. This announcement provides an opportunity for stakeholders to gain insights into Leafly's performance and future outlook in the competitive cannabis marketplace.
Leafly Holdings, Inc. reported Q1 2024 revenue of $9.0 million with a net loss of $2.4 million. The company hired financial advisors to explore financing options. Despite a decrease in revenue compared to Q1 2023, Leafly showed improvement in gross margin and operating expenses reduction.
Leafly Holdings, a leading online cannabis marketplace, appoints Peter Lee as President and COO. Lee brings 25 years of leadership and cannabis industry experience, aiming to drive growth and deepen partnerships with customers.
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