Adam JacksonNovember 10, 2022
The platform continued to grow its user base.
Tag: Leafly
Adam JacksonNovember 10, 2022
StaffOctober 19, 2022
The Daily Hit is a recap of cannabis business news for Oct. 19, 2022. ON THE SITE Circle K Owner Doubles Down on Cannabis Bet in Florida Florida medical marijuana patients might soon have the option to buy their medicine from a gas station next year. Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF) said on […]
StaffOctober 19, 2022Annual cash savings are expected to be $16 million beginning in 2023, primarily due to reduced headcount.
Andrew WardOctober 19, 2022
Amid several waves of layoffs, cannabis companies are shifting gears and tightening budgets to boost bottom lines.
StaffAugust 11, 2022The Daily Hit is a recap of cannabis business news for August 11, 2022. ON THE SITE Cannabis Consumption on Track to Beat Alcohol As talks revolving around the federal legalization of cannabis splinter in Congress, the question of whether cannabis can eat beverage alcohol’s margins remains a growing one. In a report, titled, “Is […]
Debra BorchardtAugust 11, 2022Leafly Holdings, Inc. (NASDAQ: LFLY) announced financial results for its second quarter ending June 30, 2022. with revenue rising 13.8% to $12.1 million over last year’s $10.5 million for the same time period. Leafly attributed the increase to growth in retailer and brand revenues. The company reported a net income of $14.8 million, which included […]
Julie AitchesonFebruary 23, 2022
The U.S. economy gained 467,000 jobs in January 2022 according to the US Bureau of Labor Statistics, which is down by 2.9 million since February 2020. In brighter news for cannabis, Leafly’s (NASDAQ: LFLY) sixth annual Cannabis Jobs Report (developed in partnership with Whitney Economics) reveals that the legal cannabis industry added 107,059 new jobs […]
Debra BorchardtFebruary 7, 2022Online cannabis company Leafly Holdings Inc. and Merida Merger Corp. I (NASDAQ: MCMJ), a SPAC (special purpose acquisition company) sponsored by Merida Capital Holdings, closed their previously announced business combination on Friday. In connection with the closing, Merida has adopted the Leafly name, and Leafly’s common stock will begin trading on the NASDAQ Stock Market […]
Debra BorchardtJanuary 12, 2022Leafly Holdings Inc. and cannabis SPAC Merida Merger Corp. I (NASDAQ: MCMJ) (a special purpose acquisition company sponsored by Merida Capital Holdings) announced that it has entered into a $30 million convertible note purchase agreement with new investors led by Cohanzick Management LLC and affiliates, an investment management firm. This supplemental financing, which will close […]
Debra BorchardtDecember 7, 2021
Wholesale cannabis prices have fallen this year and the impact was felt by several companies and in particular – those in California. Cannabis Benchmarks data shows that California’s Spot prices have been on a freefall since June. Cannabis Benchmarks said that prices have dropped by as much as 30% this year. Plus, as outdoor harvests […]
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