corporations

Leafly joins Nasdaq after 450 million merger

Published

4 years ago

August 13, 2021

Leafly Holdings Inc. will go public through a merger of SPAC with Merida Merger Corporation, Reuters earlier this week. The deal is valued at around €450 million and is expected to close in the fourth quarter of 2021.

Leafly's sale appears to be getting closer and closer to completion, after publishing a release to announce the merger between the Leafly platform and Merida Merger Corp, a company dedicated to mergers, which facilitates entry into the stock market. After the merger, the latter will adopt the name Leafly and its shares are expected to be listed on the NASDAQ under the symbol LFLY.

By going public through a SPAC (Special Purpose Acquisition Company), the former subsidiary of Privateer Holdings aims to enter a growth phase and take advantage of the expected easing of cannabis restrictions in the United States of America.

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[Disclaimer: Please note that this text was originally written in Portuguese and is translated into English and other languages using an automatic translator. Some words may differ from the original and typos or errors may occur in other languages.]

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Antonio João Costa

I am one of the directors of CannaReporter, which I founded together with Laura Ramos. I am from the unique Island of Madeira, where I currently reside. While I was in Lisbon at FCUL studying Physical Engineering, I became involved in the national hemp and cannabis scene and participated in several associations, some of which I am still a member of. I follow the global industry and especially legislative advances regarding the different uses of cannabis.

I can be contacted by email at joao.costa@cannareporter.eu