Cannabis Company Leafly (LFLY) Announces Earnings, Share Price Higher on Report

On Friday, the online cannabis discovery marketplace, Leafly Holdings, Inc. (LFLY) announced its Q4 and FY 2023 financial results. Q4 EPS improved greatly from a year ago which was reported at ($0.22) vs a year ago ($3.34). Additionally, Q4 revenues were $9.7M vs Factset $9.5M. The company’s commitment to its operational discipline in 2023 resulted in a $25M cost savings. Leafly’s Q1 2024 guidance is revenue around $9M and an adjusted EBITDA loss of approximately $1M. The company is included in the PRISM Emerging Cannabis Index.

Leafly Holdings is a leading online marketplace and resource hub for cannabis enthusiasts and consumers. It offers a comprehensive platform that provides information about various cannabis strains, products, dispensaries, and brands. Users can explore reviews, recommendations, and educational content to make informed decisions about cannabis consumption. Additionally, Leafly offers services for businesses in the cannabis industry, including advertising solutions, data insights, and marketing tools to help them connect with their target audience.