Marijuana e-commerce platform Leafly Holdings’ shares will be delisted from the Nasdaq stock market on Jan. 17 after the exchange’s hearings panel determined the company didn’t earn the required minimum $500,000 in net income from operations.
Most marijuana consumers prefer to browse products online before making a purchase – even those ultimately visiting brick-and-mortar stores – highlighting the importance of a strong e-commerce presence.
Leafly Holdings says it is back in the good graces of the Nasdaq after meeting the stock exchange’s minimum bid-price requirement.
Medical marijuana regulators in Florida must establish a rulemaking process before blocking operators from utilizing third-party dispensing services, an appeals court ruled.
POSaBit Systems Corp. acquired marijuana e-commerce and compliance software assets from Hypur for as much as $7.5 million if certain benchmarks are hit.
Blaze, a Los Angeles-based marijuana retail software company, is acquiring e-commerce platform Tymber.
A company backed by United Kingdom billionaire Jim Mellon and Nuuvera co-founder Lorne Abony plans to establish what they say will be Asia’s first e-commerce platform focusing on CBD-infused products.
