"Yelp For Marijuana" Leafly Cuts Off 13% Of Employees
A Seattle based startup Leafly confirmed today to have cut off about 13% of its workforce. Total employees at the startup currently sit at 100 people of which 15 person have been laid off.
Leafly tag its self as marijuana strain and dispensary platform and often refers to as “Yelp for Marijuana”. Leafly is currently owned by Seattle based marijuana investment firm Privateer Holdings which acquired leafy in 2011.
Privateer Holdings recently raised $58 million to fuel rapid growth of its marijuana - related business as now more Government now plans for further legalization of the use of cannabis.
“As Leafly continues to evolve, we have decided to make some changes to our operations to better serve the growing market,” the company said in a statement. “Unfortunately, some of these changes required eliminating certain job functions, which include members of our team who we are grateful to for their contributions. Leafly will continue to invest in the professional growth of our team and resources that allow us to better service patients, consumers and businesses.”
The firm have $140 million under management and also own a bunch of cannabis relating to medical brand Tirlay and Marley Natural - an international company formed by Bob Marley’s family that sell Marijuana product across the US.
Leafly recently hired a new CEO, Chris Jeffrey who took over from outed Drew Reynolds who later became the COO of Privateer Holdings.
Leafly for now host more than 13 million unique monthly visitors of which 75% come from the US and 25% abroad . The German language version of the site is now available and plans on investing heavily into news and lifestyle content.
Leafly still offering potential hiring position available on its website.