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Leafly Holdings' 20% YoY Drop In Q3 Revenue And Customer Accounts
Friday, November 8, 2024 - 10:48am | 507Online cannabis discovery marketplace Leafly Holdings (NASDAQ:LFLY) announced its financial results Thursday for the third quarter ended Sept. 30, 2024, with revenue of $8.4 million down from $10.6 million in the Q3 2023. Leafly attributes the year-over-year revenue decline to fewer retail accounts...
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New Partnership Targets Unlicensed Cannabis Shops In New York, Here's How
Thursday, September 12, 2024 - 11:34am | 511Leafly (NASDAQ:LFLY) announced Thursday that it's expanding its support of the legal New York cannabis market via a new partnership with the New York Cannabis Retail Association (NYCRA), a non-profit coalition of New York dispensary owners united under the slogan “Collaboration Over...
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Weed Discovery Marketplace Leafly Q2 Revenue Drops 18% YoY, Customer Accounts Lower As Average Spend Grows
Friday, August 9, 2024 - 9:55am | 594Leafly Holdings, Inc.(NASDAQ:LFLY) reported its financial results Thursday for the second quarter ended June 30, 2024, disclosing revenue of $8.7 million, compared to $10.7 million in the same quarter of 2023. "We remain focused on enhancing operational efficiency and stabilizing our core business...
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Uber Eats Delivers Weed In A Third Canadian Province, General Manager Says This Will 'Improve Road Safety'
Wednesday, July 31, 2024 - 9:14am | 630Starting this week, residents of Alberta, Canada can have their cannabis products delivered to their homes by Uber Eats, a subsidiary of Uber Technologies, Inc. (NYSE:UBER). To make this happen, Uber once again partnered with marijuana website Leafly (NASDAQ:LFLY). "It's awesome news actually, it...
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Leafly Q1 Revenue Dips Nearly 20% YoY, But Weed Discovery Marketplace Also Reduced Net Loss And Cut Costs
Friday, May 10, 2024 - 8:54am | 484Cannabis discovery marketplace Leafly Holdings, Inc. (NASDAQ:LFLY) reported its financial results Thursday for its first quarter ended March 31, 2024, disclosing revenue of $9.0 million, compared to $11.2 million in the first quarter of 2023. “We remain committed to boosting our operational...
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Difficult Environment For Cannabis Retail And Brand Customers Reflected In Leafly's Q3 Results
Friday, November 10, 2023 - 10:59am | 814Cannabis e-commerce platform Leafly Holdings, Inc. (NASDAQ: LFLY) announced its financial results on Thursday for the third quarter ended Sept. 30, 2023, revealing a 10% year-over-year decrease in revenue to $10.6 million. “Cannabis markets continue to experience pain points of...
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Court Orders Temporary Block On NY Cannabis Regulations As Legal Battle Over Weed Advertising Heats Up
Friday, September 22, 2023 - 9:26pm | 614Earlier this week, cannabis e-commerce platform Leafly Holdings, Inc. (NASDAQ: LFLY) filed a lawsuit in Albany County state Supreme Court against New York's Office of Cannabis Management (OCM). The Lawsuit The move comes on the heels of numerous filed lawsuits against NY's cannabis...
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Leafly's Q2 2023 Earnings Report Highlights Positive EBITDA Amid Revenue Dip
Thursday, August 10, 2023 - 6:32pm | 346Leafly Holdings Inc. (NASDAQ: LFLY), an online cannabis discovery marketplace, reported its Q2 2023 financial results Thursday afternoon. Yoko Miyashita, Leafly’s CEO, attributed the performance to strategic focus and enhanced customer experiences. "Our second quarter results...
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Leafly Achieves Strong Q1 2023 Results: Revenue $11.2M, Net Loss Improves, Retail Accounts Grow By 5.2%
Thursday, May 11, 2023 - 4:42pm | 448Leafly Holdings, Inc. (NASDAQ: LFLY), a leading online cannabis discovery marketplace, announced its financial results on Thursday for its first quarter ended March 31, 2023. “Our first quarter results reflect a continued focus on our strategy and our commitment to building a path to...
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Uber Eats And Leafly Team Up To Bring Cannabis Delivery To British Columbians
Tuesday, April 18, 2023 - 9:37am | 456Starting April 18, British Columbians can order safe, legal cannabis and get it delivered straight to their homes thanks to a partnership between Uber Eats, a subsidiary of Uber Technologies, Inc.(NYSE: UBER) and Leafly (NASDAQ: LFLY). British Columbians 19+ can place orders from local licensed...
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Leafly FY22 Revenue Grows 10%, Announces Workforce Reduction Of 21% - 'Optimizing Teams For Efficiency'
Friday, March 17, 2023 - 8:27am | 543Leafly Holdings, Inc. (NASDAQ: LFLY) revenue was $47.4 million for the year ended December 31, 2022, an increase of 10% compared to $43 million in the prior year. Full Year 2022 Financial Results Gross margin was 88%, consistent with FY 2021. Net income for 2022 was $5.1 million, compared to...
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Leafly Holdings Reports Third Quarter 2022 Financial Results, Revenue Up 8% YoY
Thursday, November 10, 2022 - 6:30pm | 578Leafly Holdings, Inc. (NASDAQ: LFLY), the online cannabis discovery marketplace and resource for cannabis consumers reported its financial results late Thursday for its third quarter ended September 30, 2022. CEO Yoko Miyashita said Leafly is helping brands and...
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Leafly Cuts Down 21% Of Its Workforce For Expected Annual Savings Of $16M
Wednesday, October 19, 2022 - 7:44am | 389Leafly (NASDAQ: LFLY), announced a headcount reduction of 56 positions – or 21 percent of the company’s workforce through a combination of layoffs and attrition – to ensure its long-term health. The company expects a one-time cash restructuring charge for the layoffs of...
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Biden's Cannabis Pardons Are Not For Everyone After All, Here's Why Some Need More
Friday, October 7, 2022 - 11:24am | 510President Joe Biden announced on Thursday that he would pardon all prior federal offenses of simple marijuana possession. While the president's move is expected to impact 6,500 Americans, the nearly 2,000 people convicted during his Vice President's tenure as San Francisco's...
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Leafly Positioned For Long-Term Growth, Second Quarter Revenue Up 6% Sequentially To $12.1 Million
Thursday, August 11, 2022 - 8:22pm | 783Recently, Leafly Holdings, Inc. (NASDAQ: LFLY), announced its financial results for its second quarter ended June 30, 2022. Second Quarter 2022 Financial Results: Total revenue was $12.1 million, up 13.8% over Q2 2021 driven by growth in retailer and brand revenues The gross margin was 88.0%,...