Merida Merger I, a blank check company formed by Merida Capital Partners targeting the cannabis industry, raised $120 million by offering 12.0 million units at $10 to command a market value of $146 million. The company offered 2.0 million more units than anticipated. Each unit consists of one share of common stock and one half of one warrant to purchase common stock at a price of $11.50 per share. Merida Merger I plans to list on the Nasdaq under the symbol MCMJU. EarlyBirdCapital acted as a lead manager on the deal.
