Leafly Holdings (Merida Merger I) ^{Priced, Nasdaq: LFLY}

We are a blank check company formed in June 2019. Our initial business combination and value creation strategy will be to identify, acquire and assist in the growth of a business in the legal cannabis industry. However, we are not limited to this industry and we may pursue a business combination opportunity in any business or industry we choose. Merida Capital Partners, our sponsor, and its affiliated funds have worked diligently over the past 10 years to identify and complete transactions within the legal cannabis industry. Merida targets specific investments in the emerging cannabis industry as well as products and services associated with the evolution of cannabis as an agricultural product, a natural plant-based medicine, a constituent in pharmaceutical formulations, and an adult-use consumer product. It also has significant investments in companies that produce hemp-based CBD products. Members of our management team have been working with legal cannabis companies since 2009 and have been investing in cannabis related companies since 2013. We believe that our management team’s understanding of both the broader M&A market and of the legal cannabis industry gives us a unique ability to successfully identify, evaluate, price, negotiate and close an attractive acquisition in this industry.