US cannabis website Leafly has agreed to go public by merging with a firm owned by Merida Capital Holdings, one of its biggest backers, in a deal valuing the combined entity at around US$532 million.
Leafly, which enables users to find, order and learn about cannabis, has benefited from the booming US industry and the prospects of federal reform. The Covid-19 pandemic has also seen website visits rise 12% from last year to more than 220 million.
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