Leafly Holdings Inc. — a leading cannabis discovery marketplace and digital information portal discussing cannabis strains, products, and companies — on Monday commenced trading on NASDAQ. The company is trading under the ticker symbol LFLY.
Leafly completed its listing by combining with Merida Merger Corp., which has adopted the name Leafly. The plan was first announced last August. Leafly CEO Yoko Miyashita remained at the head of the company while Peter Lee, the former president of Merida, has taken a director position at the new combined company.
“We are thrilled to begin trading as a public company today and to enter the next phase of our company’s journey. This achievement is a testament to the tireless work ethic of our entire team, the support of our investors, and the unique value we deliver to consumers, brands and retailers. Now, with access to new capital and momentum across our industry, we are poised to execute our growth strategy and continue making cannabis a force for positive change in our world.” — Leafly CEO Yoko Miyashita, in a press release
Since its founding in 2010, Leafly has experienced several shifts as a company. Leafly’s primary services include its strain explorer, which patients and consumers can use to help predict the effects of any given strain; its dispensary locator, on which cannabis retailers can register to list their menus and become more easily discovered by customers; and its platform for consumer reviews, which can cover anything from the retail experience, a cannabis strain, or even specific products made by a specific company. The company also has a media arm dedicated to recent happenings in the cannabis space.
From 2012 to 2019, the firm was owned by Privateer Holdings, the parent company behind the Marley Natural brand and Tilray, a licensed Canadian cannabis producer.
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