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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.
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.
Leafly Holdings Inc. has commenced trading on NASDAQ under the ticker symbol LFLY. CEO Yoko Miyashita expressed excitement about this milestone, highlighting it as a result of the team’s hard work and investor support. The company aims to leverage new capital to execute its growth strategy and enhance the cannabis marketplace experience. Leafly serves as a significant platform for cannabis consumers and businesses, helping millions make informed purchasing decisions and fostering customer loyalty through technology and advertising services.
Leafly Holdings has completed its merger with Merida Merger Corp. I, now trading under the ticker symbol LFLY on NASDAQ starting February 7, 2022. This transaction enhances Leafly's position as a leading online cannabis marketplace. In Q3 2021, Leafly reported a significant year-over-year revenue growth and a 40% increase in retail accounts. The company aims to invest in technology and talent to drive growth, supported by substantial funding and a strengthened executive team.