Sunday, June 15, 2025

Latest

Online Cannabis Platform Leafly To Be Taken Public By SPAC Merida Merger

Blank-check company Merida Merger Corp. I (Nasdaq: MCMJ) announced today that it has entered into a definitive agreement with online cannabis firm Leafly Holdings through a reverse merger. Following the transaction, Merida will adopt the Leafly name and will be expected to continue trading on the Nasdaq under the symbol “LFLY”.

The proposed transaction is set to put its diluted enterprise value at US$385 million and its equity value at US$532 million. Leafly shareholders will be rolling in 100% of their stocks and are expected to retain 72% equity of the resulting merger.

The transaction is also expected to generate proceeds up to US$161.5 million, including the recent US$31.5 funding raised by Leafly and participated by Merida Merger’s sponsor company Merida Capital Holdings, Delta Emerald Ventures, SOJE Capital, and existing shareholders.

The acquisition already received the approval of both parties’ boards and is expected to transpire in the fourth quarter of this year, subject to customary closing conditions.

Leafly provides a platform for 7,800 cannabis brands and 4,600 retail subscribers while engaging 10 million unique website visitors monthly.

Merida Merger last traded at $9.97 on the Nasdaq.


Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

First Majestic Silver: The Santa Elena Mine

Equinox Gold: Guidance Cut After Issues At Greenstone

Simply Solventless Q4 Earnings: So Much For Guidance

Recommended

NexGen Energy Receives Approval For Site Expansion At Rook I Project

ESGold Sees Installation Of Humphrey Spirals Completed At Montauban

Related News

Investment Banks-Sponsored SPAC Roth CH Acquisition V Seeks To Raise US$100 Million In IPO

Special purpose acquisition company Roth CH Acquisition V Co. (Nasdaq: ROCLU) went public on the...

Wednesday, December 1, 2021, 05:01:00 PM

Digital Gaming Firm Super Group Debuts On NYSE Thru Sports Entertainment Acquisition Merger

Online sports betting and gaming holdings firm SGHC (NYSE: SGHC), known as Super Group, is...

Friday, January 28, 2022, 02:24:00 PM

Leafly To Commence Trading On The Nasdaq Today

Leafly Holdings (NASDAQ: LFLY) is finally set to begin trading this morning, following a delay...

Monday, February 7, 2022, 08:33:40 AM

Health SPAC CHW Acquisition Upsizes IPO To US$110 Million

Special purpose acquisition company CHW Acquisition Corporation (Nasdaq: CHWAU) went public on the Nasdaq Capital...

Wednesday, September 1, 2021, 11:19:00 AM

Internet Business SPAC Worldwide Webb Acquisition Prices US$200 Million IPO

Special purpose acquisition company Worldwide Webb Acquisition Corp. (Nasdaq: WWAC.U) started trading publicly on the...

Wednesday, October 20, 2021, 02:26:00 PM