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Leafly Goes Public on Nasdaq With Merger SPAC

#Cannabis commerce platform #Leafly #Holdings started #trading on the #public #stock #markets after completing its previously announced #merger with special purpose #acquisition company #Merida Merger Corp. I.



Trading under the #ticker symbol LFLY Merida Merger, sponsored by #NewYork-based Merida Capital Holdings, adopted the Leafly name and is no longer trading as MCMJ. The companies said last #August that they expected that the combined entity would be valued at roughly $385 #million with an #equity value of approximately $532 million. Merida shareholders initially were to #vote on the proposed merger on Jan. 14, but that vote was delayed until Feb. 1. Furthermore, the #stockholders overwhelmingly approved the merger and the company reports it’s experiencing strong growth in #retail accounts, #revenue and #profit #margins. Additionally, they have introduced new tools since the merger was announced, including enhanced #iPhone and #iPad applications enabling users to place pickup orders. Yoko Miyashita will continue her role as #CEO of Leafly, while Peter Lee, former president of Merida Merger Corp. I, will become a director of the new combined company.



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