Does Leafly have stock?

Does Leafly have stock?

About Leafly Stock (MCMJ), which is backed by Merida Capital, a private equity firm that specializes in the cannabis industry, with more than $500 million in managed assets and 55 portfolio companies.

Who is Leafly merging with?

Merida Merger Corp.
Online cannabis marketplace Leafly Holdings Inc. said Monday it’s going public by merging with special purpose acquisition corporation Merida Merger Corp. I MCMJ, -0.10% , in a deal with an enterprise value of about $385 million and equity value of about $532 million.

Which is better Weedmaps or Leafly?

Generally speaking, Leafly is much better when it comes to the overall number of visitors. They get 3 times more visits compared to Weedmaps. Unfortunately, while Weedmaps places focus on dispensaries, Leafly prefers showcasing products. In that sense, perhaps it’s even better to invest in your own SEO.

Who bought Leafly?

Privateer Holdings
Privateer Holdings acquired Leafly in 2011. Leafly is the largest cannabis website in the world, with more than 11 million unique visitors per month.

How does Leafly make money?

Business model Leafly generates revenue by selling online display advertising and priority listing packages to companies in the cannabis industry. Display advertising campaigns are sold on a Cost Per Impression model.

Is Weedmaps stock a good buy?

However, Weedmaps is arguably a safer investment today since it is already profitable on an EBITDA level. But plant-touching marijuana businesses that are growing at high rates are fairly rare. Leafly is another cannabis investment you can add to your portfolio if you want some added exposure to the sector.

How much does Leafly make?

Leafly earned $36 million in revenue last year, up from $30 million in 2019, according to its investor presentation. This year, revenue is expected to increase to $43 million, and grow roughly 50% annually through 2024.

What are Weedmaps worth?

Weedmaps does have stock According to InvestorPlace, SSPK stock spiked — pardon the pun — by as much as 23 percent in pre-market trading amid the news of the trading.

Is Leafly a good company?

Leafly is the world’s most trusted destination to discover cannabis products and order them from legal, licensed retailers. More than 125 million people visit Leafly each year to learn more about cannabis and order online with local businesses.

How much revenue does Leafly make?

(“Leafly” or the “Company”), one of the world’s leading cannabis discovery marketplaces and resources, today announced financial results for the three and nine months ended September 30, 2021. The Company generated $31.0 million in revenue for the nine-month period and $27.4 million in gross profit.

What happened to Leafly?

Leafly laid off 91 employees Monday, just two months after eliminating 54 positions at the online cannabis brand. The Seattle startup that once employed about 300 now has 140 employees remaining. The company attributed the layoffs to the coronavirus outbreak that has investors spooked.

Is Leafly a publicly traded company?

Online cannabis discovery marketplace Leafly Holdings Inc. is to go public through a SPAC merger with Merida Merger Corp I. The deal, valued at about $532 million, is expected to close in the fourth quarter of 2021. Merida, a blank check company formed to enter a merger, will adopt the Leafly name.

What does Leafly’s acquisition of Merida mean for investors?

Merida, a blank check company formed to enter a merger, will adopt the Leafly name. Its stock is expected to be listed on the NASDAQ under the ticker symbol LFLY. By going public through a SPAC (special purpose acquisition company), Leafly aims to enter a growth phase just in time for the U.S. government to loosen cannabis restrictions.

What is leaseleafly listed on NASDAQ?

Leafly will be listed on Nasdaq under the ticker symbol “LFLY” after its merger with the blank-check firm Merida Merger Corp I. Blank-check firms, or special purpose acquisition companies (SPACs), use the capital raised through their initial public offerings to buy and merge with a private company, in a deal that then takes it public.

How many brands use leafleafly?

Leafly provides a subscription-based platform for over 7,800 brands and 4,600 paying retail subscribers.

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