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Leafly Secures $30M To Fund Multi-Year Business Plan Ahead Of Going Public Via Deal With Merida
On the internet cannabis discovery marketplace Leafly Holdings Inc. and Merida Merger Corp. I (NASDAQ:MCMJ), a particular reason acquisition business sponsored by Merida Funds Holdings, introduced Wednesday that they have entered into a $30 million convertible note order arrangement with new traders led by Cohanzick Administration LLC and affiliates, an financial investment administration firm. The supplemental funding is expected to near quickly prior to wrapping up the proposed business mixture involving Leafly and Merida. The funding will assist Leafly’s latest multi-calendar year enterprise plan. “This agreement supplies more funding certainty as Leafly enters the next period of our journey as a public enterprise,” Yoko Miyashita, CEO of Leafly claimed. “Owning accelerated our expansion…