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Leafly Holdings Inc. reports developments tied to its online cannabis discovery marketplace and cannabis information resource. The company connects consumers with cannabis strains, store menus, and purchasing information, while providing advertising and technology services that help cannabis retailers and brands reach shoppers.
Leafly news commonly covers quarterly financial results, retail account metrics, operating-efficiency efforts, marketplace partnerships, strain-focused editorial programs such as Leafly Strain of the Year, and corporate-status updates involving its listed securities and over-the-counter market transition.
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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.