|Bid||0.00 x 3200|
|Ask||0.00 x 1000|
|Day's Range||9.99 - 9.99|
|52 Week Range||9.96 - 10.00|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Merida Merger Corp. I (Nasdaq: MCMJU NEO: MMK.UN) (the “Company”) announced today that the Company’s units will be separated and the shares of common stock and warrants included in such units will commence trading on or about December 12, 2019. Once the shares of common stock and warrants commence separate trading, the units will be delisted and no longer trade as a separate security.
Amid the vast ocean of red ink that are marijuana stocks this fall, Mitch Baruchowitz and Peter Lee, who run the blank check company Merida Merger Corp., see an even more vast opportunity to make money.
Merida Merger Corp. I (Nasdaq: MCMJU NEO: MMK.UN) (the “Company”) announced today that it consummated its initial public offering of 12,000,000 units at USD$10.00 per unit, resulting in gross proceeds of $120,000,000. The units began trading on November 5, 2019 on Nasdaq under the symbol “MCMJU” and began trading on the Neo Exchange Inc. (the “NEO”) on November 7, 2019, under the symbol “MMK.UN”. Each unit consists of one share of common stock of the Company (“Common Stock”), and one-half of one redeemable warrant (“Warrant”) with each whole Warrant entitling the holder to purchase one share of Common Stock at a price of USD$11.50 per share.