Spac partners of cannabis website leafly raised $30 million before the merger

Leafy holdings, an online marijuana platform, said its pending merger with Merida capital holdings, a special purpose acquisition company (SPAC), had received $30 million in new capital. "This supplementary financing will be completed immediately before the end of the proposed business merger between leafy and Merida, which will help to ensure that leafy's current multi-year business plan is fully funded.". The leafly Merida merger announced last August is part of a wave of such deals in the marijuana industry.

Source: mjbizdaily com