- CEO
- Yoko Miyashita
- Full Time Employees
- 204
- Sector
- Healthcare
- Industry
- Medical - Pharmaceuticals
- Address
- 600 1st Ave Seattle WA United States of America 98104
- IPO Date
- Feb 7, 2022
- Business
- Leafly Holdings, Inc. (LFLYW) operates as a leading online cannabis discovery marketplace and information resource, connecting consumers with licensed retailers and brands through its platform. The company offers detailed cannabis strain information, including over 5,000 strains with user reviews and effects; retailer locators with menus, hours, and contact details; online ordering and delivery options for pickup where legally available; digital advertising solutions such as banner ads, sponsored listings, branded content, and email campaigns; subscription-based marketplace listings and add-on activations for brands; and data analytics tools providing market insights, consumer behavior trends, and business intelligence for cannabis businesses. Leafly serves consumers, over 7,800 brands, and more than 4,600 retailers primarily in the United States, with international reach, generating revenue through its Retail and Brands segments. Founded in 2010 and headquartered in Seattle, Washington, the company attracts over 100 million annual visitors to its website and mobile applications. In recent developments, Leafly reported third quarter 2024 financial results in November 2024, with revenue of $8.4 million, a net loss of $1.1 million, positive adjusted EBITDA of $0.4 million for the second consecutive quarter, and stabilized retail revenue amid cost reductions; transitioned to over-the-counter trading following Nasdaq delisting due to non-compliance with listing standards; extended the maturity of its 2022 convertible notes to July 2025 with principal reductions; converted portions of debt to equity; and named Super Boof as its Strain of the Year 2024.