Leafly (NASDAQ: LFLY), is set to join the broad-market Russell 3000 Index after the US market opens on June 27, 2022.
Russell indexes are widely used by investment managers and institutional investors for index funds and are used as benchmarks for active investment strategies.
Approximately $12 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
“Inclusion in the Russell 3000 is a reflection of the progress we have made since becoming a public company earlier this year,”
Yoko Miyashita, CEO of Leafly.
“As the cannabis industry expands and Leafly continues to be a trusted resource and marketplace, I am pleased with the visibility this will create within the investment community and excited to build upon our success.”