Online marijuana platform Leafly Holdings said it secured $30 million in new funding in relation to its pending merger with special purpose acquisition company (SPAC) Merida Capital Holdings.
At the same time, Merida said a special meeting to vote on the proposed merger β originally scheduled for Jan. 14 β will be delayed βto a later date.β
The funding takes the form of an unsecured convertible note purchase by investment management firm Cohanzick Management and its affiliates, according to a news release issued late Tuesday by Seattle-based Leafly.