Logo since 2019TypePrivateWebsitewww.leafly.com

Is Leafly a publicly traded company?

As cannabis becomes more mainstream on all fronts, the industry is growing—many are going public. Leafly is one of them. Leafly has been in the business for over a decade and now looks to become publicly traded through a SPAC (special purpose acquisition company).

Can Leafly be trusted?

Leafly is the world’s most trusted destination to discover cannabis products and order them from legal, licensed retailers. More than 125 million people visit Leafly each year to learn more about cannabis and order online with local businesses.

Can I buy Leafly stock?

Leafly has a similar business to Weedmaps in that it helps marijuana businesses advertise and sell products. It’s not a plant-touching company, so that means it can freely trade on the Nasdaq.

Who is Leafly merging with?

Online cannabis marketplace Leafly Holdings Inc. said Monday it’s going public by merging with special purpose acquisition corporation Merida Merger Corp. I MCMJ, -0.10% , in a deal with an enterprise value of about $385 million and equity value of about $532 million.

Which is better Weedmaps or Leafly?

Generally speaking, Leafly is much better when it comes to the overall number of visitors. They get 3 times more visits compared to Weedmaps. Unfortunately, while Weedmaps places focus on dispensaries, Leafly prefers showcasing products. In that sense, perhaps it’s even better to invest in your own SEO.

How much is Leafly worth?

The company announced Monday it will go public through a special merger with New York-based Merida Merger Corp (Nasdaq: MCMJ). The transaction is expected to value Leafly at $385 million and add approximately $161 million of additional proceeds to the company.

How much does Leafly make?

Leafly earned $36 million in revenue last year, up from $30 million in 2019, according to its investor presentation. This year, revenue is expected to increase to $43 million, and grow roughly 50% annually through 2024.

How does Leafly make money?

Business model Leafly generates revenue by selling online display advertising and priority listing packages to companies in the cannabis industry. Display advertising campaigns are sold on a Cost Per Impression model.

What is a SPAC stock?

Special Purpose Acquisition Companies or SPACs are non-operating publicly-listed companies whose purpose is to identify and purchase a private company, allowing the acquisition target to have publicly listed stock. SPACs are also known as blank check companies.

Article first time published on

What happened to Leafly?

Leafly laid off 91 employees Monday, just two months after eliminating 54 positions at the online cannabis brand. The Seattle startup that once employed about 300 now has 140 employees remaining. The company attributed the layoffs to the coronavirus outbreak that has investors spooked.

Is Leafly a good company to work for?

Most Participants believe the pace of work at Leafly is comfortably fast. About 72% of the employees at Leafly work 8 hours or less. Overall, the employees at Leafly are dissatisfied, based on their aggregated ratings of future outlook, customer perception, and their excitement going to work.

Does Leafly have an app?

The award-winning Leafly app makes it easier than ever to customize your weed experience. … Shop local everywhere you go with Leafly’s weed maps. Locate cannabis and CBD products, medical marijuana doctors, nearby dispensaries and retail stores, and local pickup and delivery services.

What is SPAC merger?

A SPAC raises capital through an initial public offering (IPO) for the purpose of acquiring an existing operating company. Subsequently, an operating company can merge with (or be acquired by) the publicly traded SPAC and become a listed company in lieu of executing its own IPO.

Does Tilray own Leafly?

Privateer Holdings portfolio companies include Leafly, the world’s largest cannabis information resource, Tilray Inc., a federally licensed, GMP-certified medical cannabis producer located in Nanaimo, British Columbia, and Marley Natural, a partnership with the Bob Marley estate launching a line of cannabis strains, …

Are Leafly menus accurate?

Leafly integration best practices. To get the most out of the integration and to help your customers make informed purchasing decisions, it’s important that your Leafly online menu provides as much accurate and complete information as possible.

What are Weedmaps worth?

Weedmaps does have stock According to InvestorPlace, SSPK stock spiked — pardon the pun — by as much as 23 percent in pre-market trading amid the news of the trading.

How much does it cost to advertise on Weedmaps?

According to these weed industry blogs most dispensaries can expect to pay between $400 to as much as $1,500/Month.

What is similar to Weedmaps?

Weedmaps’s competitors Weedmaps’s top competitors include Eaze, LV Health Solutions, Nymbl Science and Firefly Health. Weedmaps is a technology and software infrastructure provider to the cannabis industry. Eaze is a company providing a cannabis marketplace and delivery services.

How do Weedmaps make money?

Weedmaps’ business model generates revenues from “paying clients,” or individual dispensaries and businesses, which might be part of larger organizations. A single client might have multiple listings.

Who are Leafly's competitors?

Leafly’s top competitors include Eaze, Player’s Network, MassRoots and Criticality. Leafly is a cannabis information resource and technology company. Eaze is a company providing a cannabis marketplace and delivery services.

How many employees does Leafly have?

Employee Data Leafly has 338 Employees.

Is SpaceX a stock?

(SpaceX is not a publicly traded company, so details of its financing are private, the outlet explained.)

What companies are merging in 2021?

Acquiring CompanyAcquired CompanyYearDoorDashWoltNovember, 2021ViasatInmarsatNovember, 2021RocheNovartisNovember, 2021DupontRogers Corporation,November, 2021

Can a SPAC buy more than one company?

Whenever multiple companies are simultaneously or nearly simultaneously acquired, the level of complexity and the difficulty of valuation increases exponentially; notwithstanding this fact, a SPAC can be used to acquire multiple companies followed by a roll up.

Is Weedmaps a good company?

Overall, employees at Weedmaps are generally satisfied with their team. 29 Participants grade the quality of their coworkers a C-. The majority believe the meetings at Weedmaps are effective, and the majority look forward to interacting with their coworkers.

What is the highest rated strain on Leafly?

• GMO Cookies. ( Cream of the Crop Gardens)
• Ice Cream Cake. ( Aeriz)
• Slurricane. ( Meraki Gardens)
• Original Glue. ( Leafly)
• MAC, aka Miracle Alien Cookies. ( Aeriz)

What happens to your SPAC stock after merger?

What happens to SPAC stock after the merger? After a merger is completed, shares of common stock automatically convert to the new business. Other options investors have are to: Exercise their warrants.

What happens to SPAC ticker after merger?

Once it goes public, the SPAC typically has between 18 and 24 months to seek out a “target company” and negotiate a buyout. If it does so, it usually will change its ticker to reflect the new entity it has merged with, and shareholders will now be invested in the acquired company.

Are SPACs on Robinhood?

While you can buy SPACs on brokerage platforms like Robinhood, what you’re actually buying is a little different than a normal stock. … This is the minimum amount a SPAC is required to keep in a trust in the months before the acquisition. In those months, you have the right to redeem your money from the trust.