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Weed Discovery Marketplace Leafly Q2 Revenue Drops 18% YoY, Customer Accounts Lower As Average Spend Grows

Leafly Holdings, Inc.(NASDAQ:LFLY) reported its financial results Thursday for the second quarter ended June 30, 2024, disclosing revenue of $8.7 million, compared to $10.7 million in the same quarter of 2023. "We remain focused on enhancing operational efficiency and stabilizing our core business while delivering value to our partners," stated Yoko Miyashita, CEO of Leafly. "We are living in an era of liberalized access to cannabis and we believe the demand for Leafly's trusted voice and guidance has never been greater. We remain invigorated by the opportunities to connect retailers and brands with high-intent consumers." The earnings report follows the company’s recent partnership upgrade with Uber Eats, a subsidiary of Uber Technologies (NYSE:UBER), to bring cannabis home delivery to Alberta, Canada. Read ...