Leafly Holdings, Inc. (LFLY) is a Cannabis discovery marketplace. The company is engaged in helping 125 million visitors to discover cannabis this year. The company’s eCommerce portfolio helps customers make well-versed purchase choices to empower cannabis businesses.
The price of LFLY stock during the regular trading on February 8, 2022, was $6.27 with a decline of 11.1%. At last check in the premarket on February 9, 2022, the stock gained 5.42%.
LFLY: Events and Happenings
On February 7, 2022, LFLY updated about filing statements of changes in beneficial ownership with SEC. On the same date, the company’s common stock has started trading on NASDAQ.
LFLY: CEO Comments
Speaking at the occasion, Yoko Miyashita, CEO of LFLY stated that the company had entered the next phase of its journey by starting in Nasdaq. He further added that by accessing innovative capital and momentum across the industry, the company is poised to execute its growth strategy more diligently.
On February 4, 2022, LFLY and Merida Merger Corp. co-reported the completion of their business merger. Merida had adopted the company’s name and ticker. On January 11, 2022, LFLY and Merida Merger Corp. co-announced their entry into a $30 million convertible note acquisition contract with new investors.
On December 8, 2021, the company informed that Dosidos was nominated as the LFLY’s Strain of the Year. The award is a yearly honor conferred on a breakthrough market impact cannabis strain among 5,000 strains in the LFLY’s database.
LFLY: Key Financials
On November 29, 2021, the company released its financial results for the nine months that ended September 30, 2021. Some of the key updates are as follows.
Revenue
Revenue in the nine months of 2021 was $30.9 million against $27.1 million in the same period of 2020.
Net Loss
Net loss in the nine months in 2021 was $6.8 million compared to $8.9 million in the same period of 2020.
Conclusion
LFLY stock dipped 10% from the six months period due to economic challenges faced by the companies in a pandemic. The current premarket stock surge is the result of unknown factors as the company didn’t release any new official news or SEC filing.
