Leafly Holdings, Inc. (LFLY)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Leafly Holdings, Inc. (LFLY) trades at $37.00 with AI Score 50/100 (Grade B). Leafly Holdings, Inc. operates an online platform connecting consumers with cannabis information, brands, and licensed retailers. Market cap: $114.90M, Sector: Healthcare.
Price live · AI analysis from Jun 15, 2026Analyst Coverage for LFLY: LFLY does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates LFLY against Healthcare peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
LFLY: the 1 perspectives are evenly split.
How is this calculated? →Leafly Holdings, Inc. (LFLY) Healthcare & Pipeline Overview
Leafly Holdings, Inc. operates a prominent digital platform in the evolving cannabis market, facilitating connections between consumers, licensed retailers, and brands. The company provides essential information, marketplace listings, and software solutions, positioning itself as a central hub for cannabis discovery and commerce within the regulated healthcare sector.
What Is the Investment Thesis for LFLY?
Leafly Holdings, Inc. operates within the expanding legal cannabis market, positioning itself as a critical digital intermediary connecting consumers with licensed retailers and brands. The company's investment profile is characterized by its high gross margin of 90.0%, indicative of efficient service delivery for its digital marketplace and software solutions. This strong unit economic performance suggests potential for profitability as the company scales. Key growth catalysts include the ongoing expansion of state-level cannabis legalization across the United States and increasing consumer adoption of online platforms for product discovery and purchasing. Leafly's established brand and comprehensive offerings provide a foundation to capitalize on these market trends. However, the company currently faces significant challenges, notably a negative profit margin of -16.6%, signaling ongoing operational losses that require careful management to achieve sustainable profitability. Furthermore, its listing on the OTC Other tier presents inherent risks, including lower liquidity and reduced transparency compared to major exchanges. With a market capitalization of $114.90M and a Beta of 1.13, Leafly represents a small-cap opportunity with higher volatility. Investors evaluating Leafly will need to closely monitor its path to profitability, the evolving regulatory landscape for cannabis, and its ability to maintain competitive differentiation amidst market growth.
Based on FMP financials and quantitative analysis
LFLY Key Highlights
- Market Capitalization: $0.11 billion, indicating a small-cap company within the broader market.
- Gross Margin: 90.0%, reflecting strong unit economics for its digital services and platform offerings.
- Profit Margin: -16.6%, highlighting ongoing operational losses and the need for improved cost management or increased revenue scale.
- Employee Count: 110 employees, managed by CEO Yoko Miyashita, indicating a lean operational structure for its digital business.
- Beta: 1.13, suggesting slightly higher volatility compared to the overall market, which is common for companies in emerging or rapidly evolving sectors.
Who Are LFLY's Competitors?
LFLY is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| ATAI Atai Beckley NV is a clinical-stage biopharmaceutical company focused on developing treatments for mental health disorders. The company | $4.88 | -5.97% | $1.80B | 68 |
| MEDS TRxADE HEALTH, Inc. | $7.59 | +4.55% | $13.28M | 63 |
| ONC BeOne Medicines Ltd. | $309.46 | +3.97% | $33.07B | 61 |
| NEUP Neuphoria Therapeutics Inc. | $3.44 | +1.78% | $18.59M | 60 |
| RNTX Rein Therapeutics, Inc. | $1.01 | +2.37% | $28.38M | 51 |
| TSUSF Tsuruha Holdings Inc. | $17.25 | +0.00% | $4.20B | 49 |
| RADLY Raia Drogasil S.A. | $3.54 | +7.12% | $6.18B | 49 |
| MSMKF MatsukiyoCocokara & Co. | $14.60 | +0.00% | $5.74B | 49 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are LFLY's Key Strengths?
- Established and recognized brand in the cannabis digital information and marketplace sector.
- High gross margin of 90.0% on its digital services, indicating strong unit economics.
- Dual-sided platform model effectively connects consumers with a wide network of licensed businesses.
- Early mover advantage in developing a comprehensive digital ecosystem for the legal cannabis industry.
What Are LFLY's Weaknesses?
- Ongoing negative profit margin of -16.6%, indicating a lack of net profitability.
- Listing on the OTC Other tier, which implies lower liquidity and transparency compared to major exchanges.
- Reliance on the fragmented and evolving regulatory landscape of the cannabis industry.
- Relatively small market capitalization of $114.90M, potentially limiting access to capital.
What Could Drive LFLY Stock Higher?
- Expansion of state-level cannabis legalization across the United States, opening new markets for Leafly's platform services.
- Potential federal regulatory reforms regarding cannabis, which could streamline operations, open new financial avenues, and accelerate market growth.
- Continued growth in consumer adoption of online platforms for cannabis discovery and purchasing, driving demand for Leafly's marketplace.
- Introduction of new software features or services for cannabis retailers and brands on the Leafly platform, enhancing value proposition and recurring revenue.
What Are the Key Risks for LFLY?
- Financial-distress signal — its Altman Z-Score of -5.83 sits in the distress zone (elevated bankruptcy risk).
- Sustained negative profit margins impacting long-term financial viability and requiring significant capital to fund operations.
- Adverse changes in cannabis regulatory frameworks at federal or state levels, which could restrict market access or increase compliance costs.
- Intense competition within the digital cannabis marketplace sector, potentially leading to pricing pressures or market share erosion.
- Challenges in maintaining liquidity and attracting institutional investment due to its OTC Other listing, limiting growth capital.
- Economic downturns affecting consumer discretionary spending on cannabis products, impacting overall market demand and Leafly's revenue.
What Are the Growth Opportunities for LFLY?
- Expansion of Legal Cannabis Markets: The ongoing trend of state-level cannabis legalization across the United States presents a significant growth driver for Leafly. As more states transition from illicit to regulated markets, the demand for compliant digital platforms that connect consumers with licensed businesses escalates. Each new state market or expanded product category (e.g., edibles, concentrates) creates a fresh pool of potential subscribers for Leafly's marketplace listings and digital advertising services, as well as a larger audience for its consumer-facing platform. This organic market expansion directly translates into increased revenue opportunities for Leafly's core business model, without requiring substantial new product development.
- Increased Digital Adoption and E-commerce Penetration: The broader societal shift towards online shopping and digital information consumption is highly beneficial for Leafly. As cannabis becomes more mainstream and regulated, consumers are increasingly seeking convenient and discreet ways to research products, compare prices, and place orders online for pickup or delivery. Leafly's established platform, offering detailed menus, reviews, and ordering functionalities, is well-positioned to capture a larger share of this growing digital commerce. The convenience and accessibility provided by online platforms are becoming critical differentiators for cannabis retailers, driving their need for Leafly's services to reach and engage customers effectively.
- Enhanced Software-as-a-Service (SaaS) Offerings for Businesses: Beyond marketplace listings and advertising, Leafly has an opportunity to expand its suite of SaaS tools tailored for cannabis retailers and brands. This could include advanced inventory management systems, customer relationship management (CRM) functionalities specific to cannabis regulations, compliance tracking tools, or sophisticated analytics dashboards. By providing more comprehensive operational software, Leafly can deepen its integration with its business clients, increase switching costs, and generate higher recurring revenue streams. These value-added services help businesses streamline operations, improve efficiency, and navigate the complex regulatory environment, making Leafly an indispensable partner.
- Data and Analytics Monetization: With its extensive user base and transactional data, Leafly possesses a valuable asset in aggregated, anonymized market insights. There is a significant opportunity to monetize this data by offering market research reports, trend analyses, and consumer behavior insights to cannabis brands, cultivators, and investors. This could help businesses make more informed decisions regarding product development, marketing strategies, and geographic expansion. By providing a deeper understanding of the cannabis market dynamics, Leafly can create a new revenue stream while further solidifying its position as an authoritative source of information and intelligence within the industry.
- Strategic Partnerships and Acquisitions: To accelerate growth and expand its market footprint, Leafly could pursue strategic partnerships or targeted acquisitions. Collaborating with complementary technology providers, logistics companies, or even established cannabis industry players could enhance its service offerings, expand its geographic reach, or integrate new functionalities like payment processing or delivery optimization. Acquiring smaller, innovative tech companies with specialized solutions could also bolster Leafly's competitive advantage and intellectual property. Such strategic moves would allow Leafly to quickly adapt to evolving market needs, enter new segments, and consolidate its position as a leading technology platform in the cannabis sector.
What Opportunities Does LFLY Have?
- Continued expansion of state-level cannabis legalization across the United States, opening new markets.
- Increasing consumer adoption of online platforms for cannabis discovery, ordering, and delivery.
- Opportunity to expand and enhance Software-as-a-Service (SaaS) tools for cannabis businesses, deepening client relationships.
- Potential for strategic partnerships and acquisitions to broaden service offerings or geographic reach.
What Threats Does LFLY Face?
- Adverse changes in cannabis regulatory frameworks at federal or state levels, impacting market access or operational compliance.
- Intense competition from other digital cannabis platforms and direct-to-consumer initiatives by large operators.
- Challenges in achieving and sustaining profitability amidst operational costs and market pressures.
- Potential for limited liquidity and investor interest due to its OTC Other listing, affecting valuation and capital raising efforts.
What Are LFLY's Competitive Advantages?
- Established brand recognition and a significant, loyal user base built over more than a decade in the cannabis information space.
- Network effects derived from connecting a large number of consumers with a broad array of licensed retailers and brands, making the platform more valuable as it grows.
- Extensive proprietary data and content on cannabis strains, products, and consumer preferences, enhancing user experience and market insights.
- Developed technology platform and infrastructure specifically tailored for the complex and regulated cannabis industry, creating a barrier to entry for new competitors.
What Does LFLY Do?
Leafly Holdings, Inc., founded in 2010 and headquartered in Seattle, Washington, has evolved into a prominent digital platform at the intersection of technology and the rapidly expanding legal cannabis industry. The company operates a comprehensive online ecosystem designed to inform consumers about cannabis products and connect them directly with licensed cannabis brands and retailers. Initially established as an information portal, Leafly has significantly expanded its offerings to serve both the business-to-consumer (B2C) and business-to-business (B2B) segments of the market. For consumers, Leafly provides an extensive repository of cannabis information, including strain details, product reviews, and educational content, alongside dynamic menus, ordering capabilities, and delivery options accessible through its website and mobile applications. This empowers users to discover, evaluate, and purchase cannabis products conveniently and responsibly, contributing to a more informed and transparent market. Concurrently, Leafly offers a suite of critical services to cannabis businesses. These include subscription-based marketplace listings that enhance visibility for retailers and brands, sophisticated digital advertising solutions to reach targeted consumer demographics, and robust Software-as-a-Service (SaaS) tools. These SaaS offerings assist licensed cannabis retailers and brands in managing their operations, inventory, and customer engagement more effectively within a complex and often fragmented regulatory environment. With its dual-sided platform approach, Leafly aims to be an indispensable resource, bridging the gap between the burgeoning supply of legal cannabis products and the growing consumer demand, while fostering transparency, education, and compliance within the sector. The company's role is pivotal in digitizing and legitimizing the cannabis commerce experience.
What Products and Services Does LFLY Offer?
- Operate a comprehensive online platform providing information about cannabis products and strains.
- Connect consumers directly with licensed cannabis retailers (dispensaries) and brands.
- Offer subscription-based marketplace listings for cannabis businesses to enhance their visibility.
- Provide digital advertising solutions to cannabis brands and retailers to reach target audiences.
- Develop and offer Software-as-a-Service (SaaS) tools for cannabis businesses to manage operations.
- Present extensive information, product reviews, and educational content to consumers.
- Facilitate online ordering and delivery options for cannabis products through its website and mobile applications.
How Does LFLY Make Money?
- Generates revenue through subscription fees paid by licensed cannabis retailers and brands for marketplace listings.
- Earns income from digital advertising solutions sold to cannabis businesses seeking to promote their products and services.
- Derives revenue from providing Software-as-a-Service (SaaS) tools to cannabis retailers and brands for operational management.
What Industry Does LFLY Operate In?
Leafly Holdings, Inc. operates within the dynamic and rapidly evolving medical and recreational cannabis industry, which is categorized under the Healthcare sector due to its pharmaceutical and wellness applications. The company holds a distinct position as a technology platform provider, rather than a direct cultivator or distributor of cannabis. This places Leafly at the forefront of the industry's digital transformation, facilitating commerce and information exchange in a sector historically constrained by regulatory complexities. Market trends indicate a strong trajectory of growth, driven by increasing state-level legalization in the United States and shifting public perceptions. As more states regulate cannabis, the demand for sophisticated digital marketplaces and advertising solutions, like those offered by Leafly, intensifies. The competitive landscape includes other online cannabis platforms and direct-to-consumer strategies by larger multi-state operators. Leafly differentiates itself by offering a comprehensive suite of services, from consumer education and product reviews to B2B software tools, aiming to be an essential infrastructure layer for the legal cannabis ecosystem.
Who Are LFLY's Key Customers?
- Licensed cannabis retailers, including dispensaries and delivery services.
- Cannabis brands, encompassing cultivators, producers, and product manufacturers.
- Individual cannabis consumers seeking information, product discovery, and purchasing options.
Net sellingInsider Activity
The most recent 12 insider filings for Leafly Holdings, Inc. break down as 11 sales and 1 purchases. On net that is roughly 3K shares disposed (about $472), a signal worth weighing alongside the fundamentals.
LFLY Valuation & Market Position
With a $114.90M market cap, Leafly Holdings, Inc. sits in the micro-cap segment of the market. Relative to its peer group, LFLY's quantitative score of 50/100 is below the peer average of 61/100.
ROE 17%Key Financial Metrics
Return on equity for Leafly Holdings, Inc. stands at 17.2%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -19.5%, showing how much profit it generates from its asset base. Its free cash flow yield is -0.8%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.37 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is -2.4%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 4/9Financial Health
Leafly Holdings, Inc.'s Piotroski F-Score is 4/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of -5.83 places it in the distress zone, a signal of elevated financial risk.
FY2026 estForward Outlook
Wall Street analysts project Leafly Holdings, Inc. revenue of about $32.2M for fiscal 2026, with EPS near $-1.62.
Company Profile
Leafly Holdings, Inc. operates in the Medical - Pharmaceuticals industry within the Healthcare sector. It is headquartered in Seattle, US. The company is led by CEO Yoko Miyashita. LFLY has traded publicly since 2022.
LFLY Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2024
Bull Case vs Bear Case
Bull Case
- Established and recognized brand in the cannabis digital information and marketplace sector.
- High gross margin of 90.0% on its digital services, indicating strong unit economics.
- Dual-sided platform model effectively connects consumers with a wide network of licensed businesses.
- Early mover advantage in developing a comprehensive digital ecosystem for the legal cannabis industry.
Bear Case
- Ongoing negative profit margin of -16.6%, indicating a lack of net profitability.
- Listing on the OTC Other tier, which implies lower liquidity and transparency compared to major exchanges.
- Reliance on the fragmented and evolving regulatory landscape of the cannabis industry.
- Relatively small market capitalization of $114.90M, potentially limiting access to capital.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
LFLY Latest News
No recent news available for LFLY.
LFLY Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for LFLY.
Price Targets
Wall Street price target analysis for LFLY.
LFLY MoonshotScore
What does this score mean?
The MoonshotScore rates LFLY's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Yoko Miyashita
Chief Executive Officer
Unknown
Track Record: Unknown
LFLY OTC Market Information
Leafly Holdings, Inc. trades on the OTC Other tier, which is the lowest and most speculative tier of the over-the-counter market. Unlike companies listed on major exchanges like the NYSE or NASDAQ, firms on the OTC Other tier are not required to file financial reports with the SEC. This tier typically includes companies with limited public information, often making it challenging for investors to conduct thorough due diligence. The "OTC Other" designation implies a higher risk profile due to reduced transparency and often less stringent reporting standards, distinguishing it significantly from companies that meet the robust listing requirements of national securities exchanges.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited public disclosure and transparency, making comprehensive due diligence challenging for investors.
- Lower trading volume and wider bid-ask spreads, leading to reduced liquidity and potential difficulty in executing trades.
- Increased price volatility and potential for market manipulation due to less regulatory oversight compared to major exchanges.
- Difficulty in raising capital from institutional investors, potentially hindering growth initiatives and operational stability.
- Perception of higher risk by investors, which can depress valuation and limit overall investor interest in the stock.
- Verify the company's business operations and revenue streams through any available public statements or corporate communications.
- Scrutinize any financial reports or disclosures made by the company, even if they are not SEC-mandated, for consistency and completeness.
- Research the management team's background, experience, and track record to assess their capability and integrity.
- Assess the competitive landscape and Leafly's market position within the rapidly evolving cannabis technology sector.
- Understand the specific regulatory environment for cannabis in the markets Leafly operates in and its potential impact on the business.
- Evaluate the company's capital structure, including outstanding shares and any recent financing activities, to understand dilution risks.
- Monitor trading activity, volume, and bid-ask spreads to gauge the actual liquidity and ease of trading the stock.
- Founded in 2010, indicating a long operational history and established presence in the cannabis information space.
- Operates with a clear business model focused on a digital platform for cannabis information and commerce.
- Headquartered in Seattle, Washington, a recognized hub for technology and innovation.
- Manages 110 employees, suggesting a structured and operational business entity with a significant workforce.
- Engages in a legitimate and growing, albeit complex, legal cannabis industry, providing essential infrastructure.
What Investors Ask About Leafly Holdings, Inc. (LFLY) — Healthcare
What does Leafly Holdings, Inc. do?
Leafly Holdings, Inc. operates a comprehensive digital platform that serves as a central hub for the legal cannabis industry. It provides a dual-sided marketplace, connecting consumers with licensed cannabis brands and retailers, while also offering essential information and tools. For consumers, Leafly delivers extensive cannabis strain information, product reviews, educational content, and enables online ordering and delivery options through its website and mobile applications. For businesses, the company offers subscription-based marketplace listings, targeted digital advertising solutions, and Software-as-a-Service (SaaS) tools designed to help retailers and brands manage operations, enhance visibility, and engage customers within the regulated cannabis market.
How does Leafly Holdings, Inc. navigate the evolving regulatory landscape of the cannabis industry?
Leafly Holdings, Inc. operates within a highly complex and fragmented regulatory environment, primarily in the United States where cannabis legality varies significantly by state and remains federally illegal. The company navigates this by focusing on compliance with state-specific regulations for licensed businesses, ensuring its platform facilitates legal transactions and information sharing. Its business model as a technology and information provider, rather than a direct handler of cannabis products, helps mitigate some direct regulatory burdens. However, any changes in federal or state cannabis laws, whether favorable (e.g., federal legalization) or unfavorable (e.g., stricter advertising rules), directly impact Leafly's operational opportunities and challenges. The company must continuously adapt its platform and services to remain compliant and capitalize on market shifts.
What are the primary financial challenges for Leafly Holdings, Inc. given its current market position?
Leafly Holdings, Inc. faces significant financial challenges, primarily evidenced by its negative profit margin of -16.6%. This indicates that the company is currently incurring operational losses, requiring careful management of expenses to achieve profitability. While its gross margin of 90.0% is strong, demonstrating efficient service delivery, the path to net profitability is critical for long-term sustainability. Furthermore, its listing on the OTC Other tier can limit access to capital from institutional investors, making fundraising more challenging and potentially more expensive. The company must balance investments in growth opportunities within the expanding cannabis market against the imperative to control costs and demonstrate a clear trajectory towards positive net income to attract and retain investor confidence.
How does Leafly Holdings, Inc. differentiate its platform in the competitive cannabis technology market?
Leafly Holdings, Inc. differentiates its platform through several key aspects. Firstly, it boasts an established brand presence and a significant user base, built over a decade, making it a recognized and trusted source for cannabis information and product discovery. This long history has fostered strong network effects, attracting both consumers seeking reliable information and businesses aiming to reach a broad audience. Secondly, Leafly offers a comprehensive suite of services that spans both B2C (information, reviews, ordering) and B2B (marketplace listings, digital advertising, SaaS tools) segments, providing a more integrated solution than many competitors. Lastly, its extensive database of cannabis strains, products, and user reviews creates a proprietary knowledge base that enhances user experience and provides valuable insights, reinforcing its position as a leading digital ecosystem in the cannabis industry.
What are the key factors to evaluate for LFLY?
Leafly Holdings, Inc. (LFLY) holds an AI score of 50/100 (moderate). Not financial advice.
How frequently does LFLY data refresh on this page?
LFLY prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven LFLY's recent stock price performance?
Leafly Holdings, Inc. (LFLY) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Established and recognized brand in the cannabis digital information and marketplace sector. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider LFLY overvalued or undervalued right now?
Valuing Leafly Holdings, Inc. (LFLY) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is strictly based on the provided source data. No external research was conducted.
- Specific competitor data was not provided in the source, hence the empty array for competitors.
- Detailed CEO background and track record were not available in the provided data.