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) is frequently described in its own announcements as an online cannabis discovery marketplace and resource for cannabis consumers. Company news for LFLY often combines business updates, financial disclosures, and cannabis culture features, reflecting Leafly’s dual focus on operating a technology and advertising platform for cannabis businesses and serving as an information hub for consumers.
Investors and followers of LFLY can find news about quarterly financial results, including discussions of revenue, operating expenses, net loss, adjusted EBITDA, and key performance metrics such as ending retail accounts and retailer average revenue per account. These releases also describe management’s focus on operational efficiency, cost discipline, and liquidity, as well as efforts to address the maturity of convertible senior notes and to work with financial advisors on financing and strategic opportunities.
Leafly’s news flow also includes regulatory and listing developments. In January 2025, the company announced that a Nasdaq Hearings Panel had determined to delist its common stock from The Nasdaq Stock Market LLC, with trading on Nasdaq suspended as of January 17, 2025. Leafly stated that it expected its common stock and warrants to begin trading on the OTC Pink Open Market under the symbols “LFLY” and “LFLYW” on that date, and later filed Form 15 to terminate registration of its common stock and suspend its SEC reporting obligations.
Beyond financial and regulatory items, LFLY news highlights Leafly’s role in cannabis culture and market data, such as the annual Leafly Strain of the Year announcement and partnerships like its collaboration with the New York Cannabis Retail Association. These stories illustrate how the company uses its platform, data, and educational resources to engage consumers and support licensed cannabis retailers. Readers who follow LFLY news can track both corporate developments and Leafly’s ongoing activities within the broader cannabis marketplace.
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Leafly Holdings (NASDAQ: LFLY) reported a full-year 2022 revenue of $47.4 million, marking a 10% increase from 2021, and a net income of $5.1 million compared to a net loss of $12.0 million in 2021. However, adjusted EBITDA loss was $23.2 million, widening from $9.4 million the previous year. The company expanded its retail accounts by 10% to 5,806. Total operating expenses surged 43% to $69.5 million due to public company costs and new hires. Additionally, a 21% workforce reduction is anticipated to save roughly $8 million annually, as softer ad spending persists into 2023.
Leafly Holdings, Inc. (NASDAQ: LFLY) has announced the release of its financial results for the fourth quarter and fiscal year ended December 31, 2022, scheduled for March 16, 2023, after market close. A webcast will follow at 1:30 p.m. PT to discuss the results. The company, a leader in the cannabis discovery marketplace, aids millions in informed cannabis purchasing decisions through its platform and tools, supporting cannabis businesses with advertising and technology services. For more information, visit Leafly.com.
Leafly Holdings, Inc. (NASDAQ: LFLY) announced that its management will participate in upcoming investor conferences. On December 1, the company will hold meetings at the Benchmark Discovery One-on-One Investor Conference in New York, NY. Additionally, they will present at the Cowen 5th Annual Cannabis Conference on December 8 at 12:30 pm ET, with a live webcast available on Leafly's Investor Relations website. Leafly is a leading online cannabis discovery marketplace, enabling informed consumer decisions and supporting cannabis businesses with advertising and technology services.