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New Deal


Announced

Completed

Leafly went public via a SPAC merger with Merida Merger in a $385m deal.

Financials

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Transaction Value£277m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

online cannabis marketplace

Single Bidder

De-SPAC

Acquisition

Friendly

Private Equity

Merger

Majority

United States

Reverse Takeover

Online and Social Platforms

Private

Completed

Synopsis

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Leafly, the online cannabis discovery marketplace and resource for cannabis consumers, went public via a SPAC merger with Merida Merger, a publicly-traded special purpose acquisition company, in a $385m deal. “Backed by substantial funding, tremendous advancements in cannabis legalization and e-commerce tailwinds, we are relentlessly focused on investing in our technology, talent, and content to execute our growth strategy and create value for all stakeholders. Becoming a public company is an important milestone for the entire Leafly team and we thank Merida for their continued support and look forward to working with them and future shareholders to achieve new heights," Yoko Miyashita, Leafly CEO.

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