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

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Portfolio Pulse from Avi Kapoor

September 20, 2024 | 10:00 am

Leafly (NASDAQ:LFLY) has partnered with the New York Cannabis Retail Association to support the legal cannabis market in New York. The partnership aims to promote legal cannabis through industry events and marketing initiatives, addressing the challenges posed by unlicensed cannabis shops.

Portfolio Pulse from Jelena Martinovic

September 12, 2024 | 3:34 pm

Leafly is expanding its support for the legal cannabis market in New York through a new alliance with the New York Cannabis Retail Association, a coalition of dispensary owners.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 11:05 am

Roger Stone, a longtime ally of former President Donald Trump, believes that Trump's endorsement of a Florida marijuana legalization initiative would guarantee its victory. Trump has yet to take a definitive stance but has indicated he will make a statement soon. The initiative, Amendment 3, has mixed support and opposition, with significant financial backing on both sides. The measure would allow adults 21 and older to purchase and possess cannabis, potentially generating significant tax revenue for the state.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 3:43 pm

WestPark Capital analyst Casey Ryan has reiterated a Buy rating on Leafly Holdings (NASDAQ:LFLY) and maintained a price target of $9.18.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 9:54 am

Leafly Holdings, Inc. (NASDAQ:LFLY) reported an 18% YoY drop in Q2 revenue to $8.7 million. Despite a decrease in retail accounts, average spending per account increased. The company also announced a partnership upgrade with Uber Eats (NYSE:UBER) for cannabis delivery in Alberta, Canada. Leafly's shares rose 4.85% to $2.16.

Portfolio Pulse from Nina Zdinjak

August 09, 2024 | 1:55 pm

Leafly Holdings (NASDAQ:LFLY) reported Q2 2024 GAAP EPS of $(0.55), beating the $(0.97) estimate, and sales of $8.722M, beating the $8.602M estimate. Despite the positive earnings surprise, sales decreased by 18.30% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:51 pm

Uber Eats, a subsidiary of Uber Technologies, Inc. (NYSE:UBER), has expanded its cannabis delivery service to Alberta, Canada, in partnership with Leafly (NASDAQ:LFLY). This initiative aims to improve road safety by reducing impaired driving. The service will use provincially certified staff for deliveries.

Portfolio Pulse from Nina Zdinjak

July 31, 2024 | 1:14 pm

Shares of companies within the broader communication services sector are trading lower possibly in sympathy with overall market weakness.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 7:08 pm

President Biden announced on X that he is ensuring no one goes to jail for mere use or possession of marijuana and that their records should be expunged. This move aims to address historic wrongs related to marijuana convictions.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 2:22 pm

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