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

DEA officials are reportedly at odds with the Biden administration over the push to reschedule marijuana from Schedule I to Schedule III, despite recommendations from the U.S. Health and Human Services (HHS). The DEA is concerned about the increased THC potency and questions the medical value of cannabis. The move to Schedule III would allow state cannabis businesses federal tax deductions and ease research barriers but wouldn't federally legalize marijuana. The timeline for the DEA's decision is uncertain, but it's expected to be completed this year. The Biden administration's cannabis policies have been positively received by the public, according to recent polls.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 5:21 pm

In Friday's pre-market session, several Communication Services stocks showed notable movements. Gainers included Treasure Global, Leafly Holdings, Grindr, Mobile Global Esports, FingerMotion, and Vimeo, with increases ranging from 4.89% to 12.1%. On the losing side, Brera Holdings, Grom Social Enterprises, MediaAlpha, VS Media Holdings, GD Culture Group, and MultiMetaVerse Holdings saw declines between 4.72% and 14.4%. Grindr's rise was attributed to its Q4 earnings report.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 1:09 pm

A coalition of law enforcement leaders has requested President Biden to reclassify marijuana from a Schedule I to a Schedule III substance under the Controlled Substances Act, citing the shift in public opinion and the discrepancy between state and federal laws. This move is supported by Democratic Senators and aligns with recommendations from the Department of Health and Human Services to the DEA.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 3:31 pm

In Tuesday's after-market session, several communication services stocks experienced notable movements. Gainers included NFT (MI), Fangdd Network Group (DUO), VS Media Holdings (VSME), Oriental Culture Holding (OCG), Leafly Holdings (LFLY), and Iridium Comms (IRDM), with increases ranging from 2.94% to 8.6%. On the losing side, Pop Culture Gr (CPOP), MediaAlpha (MAX), Hanryu Holdings (HRYU), TrueCar (TRUE), and Gaxos.AI (GXAI) saw declines between 3.67% and 19.1%. Notably, Iridium Comms, MediaAlpha, and TrueCar had recent Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 9:31 pm

In Friday's pre-market session, several communication services stocks showed significant movement. Pop Culture Gr (CPOP) led the gainers with a 272.9% increase, while Trade Desk (TTD) also saw a notable rise of 18.68% following their Q4 earnings release. On the losing side, Roku (ROKU) experienced a 16.7% decrease after their Q4 earnings, and Yelp (YELP) dropped by 9.89%. Other stocks mentioned include MultiMetaVerse Holdings (MMV), Leafly Holdings (LFLY), AirNet Technology (ANTE), Grom Social Enterprises (GROM), Brera Holdings (BREA), Arena Group Holdings (AREN), ZW Data Action Tech (CNET), and Cheer Holding (CHR).

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 1:06 pm

Negotiations over the Safe Banking Act, specifically section 10 which addresses protections for gun shops and relates to the Operation Choke Point program, are nearing completion according to Rep. Blaine Luetkemeyer. This section has been a point of contention but is close to being finalized, with support from both sides of the aisle.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:52 pm

A recent poll in North Carolina shows strong voter support for the legalization of medical marijuana, indicating a potential shift in the state's cannabis policy landscape. This growing public support could influence legislative actions and impact companies involved in the cannabis industry.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 4:15 pm

In Monday's intraday session, several Communication Services stocks experienced significant movements. Leafly Holdings (LFLY) led the gainers with a 17.9% increase, while Scienjoy Holding (SJ) saw the largest decline among the losers, dropping 28.2%. Other notable movers included Asset Entities (ASST), Treasure Global (TGL), and Gaxos.AI (GXAI) on the gainers' side, and MediaCo Holding (MDIA), IHS Holding (IHS), and Cheer Holding (CHR) among the losers.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 5:31 pm

Maine lawmakers rejected a bill proposed by Sen. Joe Baldacci to remove marijuana from the state's criminal code and expunge past convictions. The bill aimed to decriminalize marijuana possession and trafficking, eliminate mandatory minimum sentences for marijuana offenses, and order the expungement of past convictions. The Criminal Justice and Public Safety Committee voted 8–2 against the bill over concerns of lacking regulatory framework. An amended version suggests a stakeholder group review and report on potential changes to the criminal code. The bill now moves to the full legislature but faces challenges after the committee's majority voted against it.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 8:58 pm

Leafly Holdings received a letter from Nasdaq on January 3 stating that the company is not in compliance with the Audit Committee Rule. Leafly is currently evaluating options to regain compliance before the cure period expires, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 9:43 pm

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