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Leafly announces cost cuts to strengthen finances

Annual cash operating expenses to be reduced by approximately $16 million in 2023 to improve adjusted EBITDA and cash position.

Announcement of preliminary financial results and guidance for the third quarter of 2022.

SEATTLE-Leafly (NASDAQ: LFLY), the leading online cannabis information resource and marketplace, today announced a combination of layoffs and layoffs of 56 employees, representing 21 of the company’s workforce %. Downsizing – known to ensure his long-term health. The company expects a one-time cash restructuring charge of approximately $500,000 for layoffs in the fourth quarter of 2022.

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Ashley Combs

Ashley is a writer with a strong understanding of and passion for the cannabis market. At, she covers everything from the cannabis stock market, cannabis market regulations to cannabis legalization news from the USA and worldwide. She loves cats 😼

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