Cannabis tech company Leafly lays off 21% of workforce amid potential delisting from Nasdaq

TL;DR

Editor’s note: This story was updated with information from Leafly’s fourth quarter earnings report and an internal email sent from the company’s CEO. Leafly is, and will remain, a prominent player in the cannabis space, but to navigate current realities, we must operate differently and become intently grounded in three priorities:Aligning our resources around one common theme: building a stronger marketplace – one that delivers against the need to help consumers identify what to try and buy, then delivers them to the virtual and physical doorsteps of our retail and brand partners;Focusing on the areas of our business that deliver the most near-term revenue; andRationalizing our cost structure, preserving cash, and ensuring sustainability of Leafly as a public company by focusing on improving our path to profitability. Our partners tell us there is tremendous value in working with Leafly and we should all be proud of the work we have accomplished together and our commitment to serving those partners for many years to come

Like summarized versions? Support us on Patreon!