Built in Seattle: Leafly Is Going Public via SPAC Merger at $385M Enterprise Valuation
On Monday, Seattle-based cannabis startup Leafly announced that it’s going public through a SPAC merger with Merida Merger Corp. The deal values Leafly’s enterprise at $385 million and equity at about $532 million. Once the transaction closes, Leafly will be listed on the NASDAQ under the “LFLY” ticker symbol.