Streetbeat News

LFLY

Leafly Holdings, Inc.

https://www.leafly.com

Industry

Medical - Pharmaceuticals

Leafly Holdings, Inc. owns and operates a platform to provide consumers with cannabis information and connects consumers to cannabis brands and licensed retailers. It offers subscription-based marketplace listings, digital advertising solutions, and software as a service-based tools to cannabis retailers and brands; and information, reviews, menus, and ordering and delivery options to its audience through its website and mobile applications. The company was founded in 2010 and is headquartered in Seattle, Washington.

Open

1.58

Mkt cap

4.7M

Volume

42K

High

1.60

P/E Ratio

-0.73

52-wk high

6.49

Low

1.53

Div yield

N/A

52-wk low

1.32

The U.S. Senate Banking Committee has approved the Secure and Fair Enforcement Regulation (SAFER) Banking Act, which aims to make it safer for legal cannabis businesses to operate. The bill, which has bipartisan support, will now move to the Senate floor for further consideration. The legislation is not seen as a step towards legalization, but rather a means to address the risks associated with the current all-cash model of legal cannabis businesses.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 2:21 pm

Leafly Holdings, Inc. (NASDAQ:LFLY) has filed a lawsuit against New York's Office of Cannabis Management (OCM) over third-party advertising and marketing services. The New York Attorney General's Office has agreed to a stay, blocking the enforcement of the challenged regulations against Leafly and fully operational licensed cannabis dispensaries in New York. This allows Leafly to continue offering paid advertising services and transmit orders to licensed cannabis retailers.

Portfolio Pulse from Jelena Martinovic

September 23, 2023 | 1:27 am

The cannabis and psychedelics industry is rapidly evolving with companies introducing innovative products and expanding into new markets. WM Technology, Inc. (NASDAQ:MAPS), Leafly Holdings Inc. (NASDAQ:LFLY), Cresco Labs Inc (OTCQX:CRLBF), and Red Light Holland Corp (OTCQB:TRUFF) are among the companies leading the way. Cresco Labs has launched its FloraCal and Cresco Brands into Florida's cannabis market. The People's Ecosystem has introduced Toci Treats powered by Unlokt technology for release in New Mexico. Entourage Phytolab has launched the Entourage Hemp Extract Liquid Fusionner, and Red Light Holland Corp has partnered with Mistercap LLC to launch organic mushroom grow kits in the US and Canada.

Portfolio Pulse from Joana Scopel

September 22, 2023 | 11:37 pm

Leafly, an online cannabis information resource and marketplace, along with Stage One Dispensary and an individual consumer, have filed a legal challenge against certain regulations of the Adult Use Regulations in New York. The court has blocked the enforcement of these regulations against Leafly and fully operational licensed cannabis dispensaries in the state. Leafly is the only third-party platform allowed to continue offering paid advertising services, display retailer product pricing, and transmit orders to licensed cannabis retailers in New York.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 2:31 pm

In Friday's pre-market session, several communication services stocks saw significant movement. Hanryu Holdings, FaZe Hldgs, Lytus Technologies Hldgs, Bilibili, NetEase, and Leafly Holdings all saw increases, with Hanryu Holdings leading the gainers with a 9.4% rise. On the other hand, Scholastic, Innovid, Fox, Blue Hat Interactive, Society Pass, and MultiMetaVerse Holdings all experienced declines, with Scholastic leading the losers with a 15.8% drop.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 1:06 pm

Leafly Holdings (NASDAQ:LFLY) has filed a lawsuit against New York’s Office of Cannabis Management (OCM) over a ban on third-party advertising and marketing services. The lawsuit comes as New York approves new regulations to resolve previous issues that halted new licenses or opening new dispensaries. The new regulations are set to be implemented on October 4.

Portfolio Pulse from Nina Zdinjak

September 21, 2023 | 1:55 pm

The second annual Benzinga Cannabis Awards finalists have been announced, with winners to be revealed at the Benzinga Cannabis Capital Conference in Chicago on September 27-28. The awards recognize leaders in the cannabis industry across various categories. Notable finalists include Rubicon Organics (OTC:ROMJF), SNDL (NASDAQ:SNDL), Village Farms (NASDAQ:VFF), Innovative Industrial Properties (NYSE:IIPR), TerrAscend (OTC:TRSSF), Verano Holdings (OTC:VRNOF), iSpire Technology (NASDAQ:ISPR), Jushi Holdings (OTC:JUSHF), Leafly Holdings (NASDAQ:LFLY), and Springbig (OTC:SBIG).

Portfolio Pulse from Javier Hasse

September 20, 2023 | 6:48 pm

Senate Majority Leader Chuck Schumer has committed to advancing a revised marijuana banking bill, the Secure and Fair Enforcement Regulation (SAFER) Banking Act, which will allow cannabis businesses to accept credit and debit cards. Schumer also plans to include the Harnessing Opportunities by Pursuing Expungement (HOPE) Act and Gun Rights and Marijuana (GRAM) Act in the final legislation. The HOPE Act incentivizes states to expunge cannabis records, while the GRAM Act allows medical cannabis patients to purchase and possess firearms. The bill also includes provisions to increase access to deposit accounts for businesses and customers, especially those in rural, low-income areas, Tribal communities, and unbanked businesses and consumers.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 4:30 pm

A revised bipartisan marijuana banking bill, the Secure and Fair Enforcement Regulation (SAFER) Banking Act, has been filed in the Senate. The bill aims to give legal cannabis businesses access to traditional financial institutions, including bank accounts and small business loans. The legislation also requires federal banking regulators to work with state banking supervisors and the secretaries of commerce and treasury to form rules or guidance to increase access to deposit accounts for businesses and customers. The bill is set to receive a markup in the Senate Banking Committee on September 27.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 3:47 pm

Bipartisan lawmakers have reportedly found a 'sweet spot' in negotiations over a marijuana banking bill, agreeing to leave a section favored by Republicans intact. The Secure and Fair Enforcement (SAFE) Banking Act is set for a committee vote next week. The bill could have significant implications for the cannabis industry, potentially easing banking regulations and allowing for stock uplisting. The American Trade Association for Cannabis and Hemp (ATACH) and the American Bankers Association (ABA) have both called for the passage of the legislation.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 3:29 pm

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