Leafly Holdings, Inc. - LFLY STOCK NEWS

Leafly (NASDAQ: LFLY) has announced a significant upgrade to its platform, allowing consumers in California to order cannabis for delivery directly through its website and app. This new feature taps into Leafly's extensive database of over 4,000 strains, enabling users to efficiently find and purchase cannabis products tailored to their needs. The company aims to increase visibility for local businesses and provide a seamless shopping experience by combining product reviews with delivery options.

Leafly Holdings, Inc. (NASDAQ: LFLY) reported a strong 21% revenue growth in Q1 2022, totaling $11.4 million. The number of retail accounts increased 37% year-over-year, reaching 5,422. However, the company faced a net loss of $19.4 million, significantly higher than the $1.1 million loss in Q1 2021. Despite rising expenses, driven by product development and marketing investments, Leafly reaffirmed its 2022 revenue guidance, projecting $53.0 million to $58.0 million for the year.

Leafly Holdings, Inc. (LFLY) announced it will release its financial results for Q1 2022 on May 12, 2022, after market close. A webcast discussing these results is scheduled for 2:00 p.m. Pacific Time. The webcast aims to provide insights into Leafly's performance and future outlook.

As a leading cannabis discovery marketplace, Leafly offers tools for consumers to make informed purchasing decisions and helps cannabis businesses through advertising and technology services.

Leafly Holdings, a leader in the online cannabis marketplace, has appointed Deidre Boulware as its new Chief People Officer.

Deidre will oversee talent acquisition, management, and the company’s equity, diversity, and inclusion strategies. With over 20 years of HR experience, she aims to cultivate a collaborative workplace culture. This appointment comes as Leafly continues its growth after its recent NASDAQ listing, enhancing its position in the cannabis industry, which is rapidly expanding.

Leafly Holdings Inc. (NASDAQ: LFLY) announced its participation in the 2nd Annual Cantor Virtual Cannabis Conference. The event will take place on April 13, 2022, from 10:00 a.m. to 10:45 a.m. ET. Interested parties can access a live webcast and replay via Leafly’s Investor Relations website. Leafly serves as a leading online cannabis discovery marketplace, helping consumers make informed purchasing decisions and providing cannabis businesses with tools for customer engagement.

Leafly Holdings, Inc. (NASDAQ: LFLY) reported a strong Q4 2021, achieving 30% revenue growth year-over-year with $12.1 million in revenue. Full-year revenue reached $43.0 million, an 18% increase over 2020. Despite a gross margin of 88%, net loss widened to $12.0 million for FY 2021. The company expanded its retail accounts by 44% to 5,265 and launched new advertising features. For 2022, Leafly projects revenue between $53.0 million and $58.0 million, anticipating 29% growth.

Leafly Holdings, Inc. (NASDAQ: LFLY) is set to release its financial results for the fourth quarter and fiscal year ending December 31, 2021, after market close on March 29, 2022. A conference call will follow at 2:00 PM PT to discuss the results. Investors can join by phone or access through a live webcast available on Leafly's Investor Relations website. Leafly is a prominent cannabis discovery marketplace, assisting consumers in finding cannabis products while supporting businesses with advertising and technology services.

Leafly's sixth annual Cannabis Jobs Report reveals that the U.S. cannabis industry generated nearly $25 billion in sales and created over 100,000 new jobs in 2021. The study indicates a growth of 33% in jobs compared to the previous year. With 428,059 jobs currently supported, the report forecasts a mature cannabis market could employ between 1.5 to 1.75 million workers. Additionally, by 2025, cannabis revenue may reach $45 billion, highlighting the sector's significant job-creating potential despite economic challenges.