Marijuana website Leafly, SPAC partner raise $30M; merger vote delayed
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 – originally scheduled for Jan. 14 – will be delayed “to a later date.”
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.