Comparing the current results to its competitors, Leafly Holdings Inc reported Revenue decrease in the 1 quarter 2025 year on year by -12.89 %, faster than the overall decrease of Leafly Holdings Inc 's competitors by -1.76 %, recorded in the same quarter.
Leafly Holdings Inc 's Comment on Competition and Industry Peers
Leafly operates a three-sided marketplace connecting consumers, retailers, and brands within the cannabis industry. It competes with WM Technologies, Inc. ("Weedmaps"), a transaction-oriented marketplace reliant on legalization developments. Leafly employs a content-first strategy aimed at generating consumer demand prior to marketplace establishment. The company also competes with e-commerce enablement providers Dutchie and Jane Technologies ("Jane"), which supply embedded menus and e-commerce tools for licensed retailers. Leafly's marketplace reports higher consumer traffic and engagement compared to Dutchie and Jane. Since 2021, Leafly has maintained a strategic partnership with Jane to offer streamlined menu management for retailers. The company highlights its broad product selection, verified information, educational resources, and extensive content library as key competitive factors. Leafly focuses on expanding penetration in local markets, addressing the fragmented nature of state cannabis regulations.
January 16, 2025
Leafly Holdings Faces Delisting from Nasdaq Amid Revenue Decline Leafly Holdings, Inc. (NASDAQ: LFLY), a prominent online marketplace for cannabis discovery, has announced that it has received a notice from the Nasdaq Hearings Panel regarding the impending delisting of its common stock. The delisting stems from the company s failure to meet a critical financial benchmark, specifically the requirement for a minimum of $500,000 in net income from continuing operations for the most recent fiscal year.The announcement marks a significant setback for Leafly, which has experienced a substantial revenue decline. In the third quarter of 2024, the company reported a year-over-year revenue decrease of 19.84%, a downtu...
Sources:
Leafly Holdings Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
For your research, we’ve provided 10 tables on Leafly Holdings Inc versus competitors, including market share analysis.
You can find them in the navigation menu under Competition.
To download the tables, please subscribe.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.
