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

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

In Thursday's pre-market session, several communication services stocks experienced significant movements. WiMi Hologram Cloud (WIMI) and 36KR Holdings (KRKR) were among the gainers, with WIMI rising 28.4% and KRKR up 13.49%, following their Q3 earnings release. Conversely, Troika Media Group (TRKA) and Able View Global (ABLV) were among the losers, with TRKA dropping 67.0% and ABLV down 19.32%.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 1:07 pm

Republican Representative David Joyce is set to introduce the STATES 2.0 Act, which aims to de-schedule state-legal cannabis at the federal level. This legislative move could significantly impact the legal landscape for cannabis businesses in the United States.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 7:46 pm

During Tuesday's intraday session, several communication services stocks experienced significant movements. ZW Data Action Tech (CNET) saw a 17.9% increase, while Fangdd Network Group (DUO) dropped by 14.4%. Other notable gainers include MoneyHero (MNY), FG Group Holdings (FGH), NFT Gaming Co (NFTG), Abits Group (ABTS), and 9F (JFU). On the losing side, Sphere Entertainment (SPHR), VS Media Holdings (VSME), Arena Group Holdings (AREN), AirNet Technology (ANTE), and Leafly Holdings (LFLY) saw declines ranging from 10.1% to 11.61%.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 5:31 pm

Leafly (NASDAQ:LFLY), a leader in cannabis discovery and education, announced 'Permanent Marker' as the 2023 Strain of the Year. This Indica-dominant hybrid has gained popularity with its high THC levels and sedative effects. The selection is based on Leafly's comprehensive analysis of consumer interest, market impact, and budtender recommendations. Past winners of the award have seen significant success, indicating the influence of this recognition in the cannabis industry.

Portfolio Pulse from Javier Hasse

December 05, 2023 | 4:16 pm

In Thursday's pre-market session, several communication services stocks experienced significant movements. Leafly Holdings (LFLY) saw a 23.5% increase, while AirNet Technology (ANTE) rose by 21.96%. GD Culture Group (GDC) and Grom Social Enterprises (GROM) also saw their stocks move upwards by 13.38% and 8.65%, respectively. DoubleDown Interactive (DDI) and Golden Matrix Group (GMGI) shares increased by 8.53% and 7.46%. On the downside, Anghami (ANGH) fell by 14.5%, Gamer Pakistan (GPAK) by 9.91%, Direct Digital Holdings (DRCT) by 6.52%, Treasure Global (TGL) by 6.08%, Dolphin Entertainment (DLPN) by 4.77%, and Vodafone Group (VOD) by 4.19%.

Portfolio Pulse from Benzinga Insights

November 23, 2023 | 1:05 pm

Senate Majority Leader Chuck Schumer stated that the Senate is close to a floor vote on the SAFER Banking Act, which aims to reform marijuana banking laws. The bill requires more GOP support to reach the 60-vote threshold for passage. Schumer emphasized the public's support for marijuana legalization and the need to rectify harms caused by the drug war, particularly in minority communities. The bill includes provisions to support small minority businesses and may be further amended to address cannabis expungements and gun rights for consumers. Schumer has not personally used marijuana but supports legalization. Former NBA star Al Harrington, owner of cannabis company Viola, participated in the interview.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 4:52 pm

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