Leafly Holdings, Inc. Announces Resignation of Blaise Judja-Sato to Board of Directors, Effective on November 30, 2023
November 21, 2023 at 04:41 pm EST
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On November 16, 2023, Blaise Judja-Sato tendered his resignation as a member of the Leafly Holdings, Inc.'s Board of Directors (the "Board"), as Chair of the Board's Compensation Committee and as a member of the Board's Audit Committee, with such resignation effective on November 30, 2023. Mr. Judja-Sato's resignation was not due to any disagreement with the Company or the Board on any matter relating to the Company?s operations, policies or practices. The Board believes that Michael Blue meets the Nasdaq's additional independence requirements applicable to members of a listed company's audit committee and plans to appoint him to the Audit Committee, effective upon Mr. Judja-Sato's resignation.
Accordingly, the Company believes it will continue to meet the applicable Nasdaq listing rules following Mr. Judja-Sato's resignation. The Board is considering whether to fill the vacancy on the Board created by Mr. Judja-Sato's resignation, but has no immediate plans to do so.
Leafly Holdings, Inc. operates an online cannabis discovery marketplace and resource for cannabis consumers. The Company offers cannabis retailers and brands subscription-based marketplace listings that provide its cannabis audience with information, reviews, menus, and ordering and delivery options through legal retailers. It provides retailers with subscription-based offerings and advertising tools to attract its audience to their menus and ultimately, convert that audience into a community of shoppers. It also provides a suite of online tools, which allow retailers to engage and communicate with consumers they acquire on its platform, including a portfolio of software as a service (SaaS)-based tools that allow the retailers to update their menus on the Leafly platform, create deals and promotions for consumers, manage their Leafly order reservation operations, integrate with selected POS systems, and view dashboards and analytics to help them make sales and merchandising decisions.