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

0.22

Mkt cap

882K

Volume

594

High

0.29

P/E Ratio

-0.13

52-wk high

4.35

Low

0.22

Div yield

N/A

52-wk low

0.20

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

Rep. Steve Cohen (D-TN) has urged the DEA to reschedule marijuana to Schedule III, following the HHS's recommendation. The DEA has the final authority and is currently reviewing the matter. The rescheduling debate has received input from various stakeholders, including former U.S. attorneys, governors, and DEA heads, with differing opinions on the best course of action. The DEA is also addressing other controlled substances, such as psychedelics and THC in Georgia pharmacies.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 4:05 pm

The DEA has informed Congress that it has the final say on marijuana scheduling decisions, despite HHS's recommendation to reclassify marijuana to Schedule III. The DEA is currently reviewing the recommendation, but the timeline for completion is unclear. Lawmakers and various groups have expressed differing opinions on the matter, with some urging for descheduling and others for maintaining its Schedule I status. The DEA also warned Georgia pharmacies against dispensing THC, as marijuana remains a Schedule I drug.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 7:46 pm

MGO released its annual 'Cannabis 50' list, recognizing influential companies, organizations, and individuals in the cannabis and hemp sectors over the past five years. The list highlights the industry's progress and optimism for rescheduling cannabis. It includes companies like Charlotte’s Web Holdings, Cresco Labs, Curaleaf Holdings, and others. Athletes and entertainers are noted for mainstreaming the industry, and the list also acknowledges entities contributing to social progress and legislative reform.

Portfolio Pulse from Javier Hasse

December 14, 2023 | 5:55 pm

The Colombian Senate has postponed a bill to legalize marijuana, requiring the legislative process to restart next year. The bill's failure was attributed to misinformation and political maneuvers. Advocates argue that prohibition wastes resources and strengthens criminal mafias, while legalization could bring tax revenue and quality control. The bill had passed the Chamber of Representatives but stalled in the Senate. Colombian President Petro has criticized the global drug war and suggested legalization to weaken the illicit market.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 4:46 pm

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