Leafly shares soared 18% in afternoon trading

Leafly secured a $30M convertible note purchase agreement ahead of its merger. 25 p.m. ET after opening at $6.66. Leafly went public on Feb. 7 after merging with Merida in a deal that carried an enterprise value of $385M and an equity value of $532M. In January less than two weeks after it made its market debut through a merger with SPAC Merida Merger Corp. I. Shares of the cannabis marketplace last changed hands at $7.86 at approximately 3 Leafly shares soared 18% in afternoon trading Leafly stock shot up 18% in afternoon trading Thursday