Leafly Holdings, Inc. (NASDAQ: LFLY), the online cannabis discovery marketplace and resource for cannabis consumers reported its financial results late Thursday for its third quarter ended September 30, 2022.

CEO Yoko Miyashita said Leafly is helping brands and retailers reach more consumers at a time when driving business is critically important.

“Retailers are offering deals on Leafly at record numbers as consumers are looking for the best value. We are encouraged by recent partnerships that allow us to drive new customer acquisition and online orders across the platform,” Miyashita said, adding that the company has implemented measures to become more efficient.

“The cost reductions we implemented were aimed at setting us on a clear path to greater efficiency and monetization as growth in advertising spend returns and the market accelerates. The team is squarely focused on our highest priority initiatives and on optimizing the products we have already developed to maintain our position as a leader …

Full story available on Benzinga.com