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February 8, 2022

Leafly Holdings

Seattle-based Leafly Holdings, an online cannabis discovery marketplace and resource for cannabis consumers, and Merida Merger Corp. I, a special purpose acquisition company sponsored by Merida Capital Holdings, announced the closing of their previously announced business combination. In connection with the closing, Merida has adopted the Leafly name, and Leafly's common stock will begin trading on the NASDAQ Stock Market under the ticker symbol “LFLY.” Since announcing the proposed combination with Merida in the summer of 2021, Leafly has introduced new tools for brands subscribers and enhanced its app to enable users to place pickup orders for cannabis products in legal state markets. The company has also announced a post-combination board of directors with wide-ranging expertise and bolstered its executive leadership team. Peter Lee, former president of Merida Merger, will continue to serve as a member of the board of directors of the combined company. Oppenheimer & Co. served as exclusive financial advisor to Leafly, and Weil, Gotshal & Manges served as legal advisor.




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