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MERIDA MERGER CORP. I ANNOUNCES PRICING OF USD$120 MILLION INITIAL PUBLIC OFFERING

New York, NY, Nov. 04, 2019 (GLOBE NEWSWIRE) -- Merida Merger Corp. I (Nasdaq: MCMJU NEO: MMK.UN) (the a??Companya??) announced today that it priced its initial public offering of 12,000,000 units at USD$10.00 per unit. The units will commence trading November 5, 2019 on Nasdaq under the symbol a??MCMJUa?? and are expected to commence trading on the Neo Exchange Inc. (the a??NEOa??) on or about November 8, subject to satisfying certain listing conditions, under the symbol a??MMK.UNa??. Each unit consists of one share of common stock of the Company (a??Common Stocka??), andAone-half of one redeemable warrant (a??Warranta??) with each whole Warrant entitling the holder to purchase one share of Common Stock at a price of USD$11.50 per share. Once the securities comprising the units begin separate trading, the Common Stock and Warrants are expected to be traded on Nasdaq under the symbols a??MCMJa??, and a??MCMJWa?? and on the NEO under the symbols a??MMK.Ua?? and a??MMK.WT.Ua??, respectively.The underwriters have been granted aA45-dayAoption to purchase up to an additional 1,800,000 units offered by the Company to cover over-allotments, if any.The offering is expected to close on or about November 7, 2019, subject to customary closing conditions.EarlyBirdCapital, Inc. is acting as sole book-running manager of the offering. This offering is being made concurrently in each of the provinces of Canada except QuAbec and in the United States.A EarlyBirdCapital has engaged Echelon Wealth Partners Inc. to act as its agent to offer the units in each of the provinces of Canada other than QuAbec.A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission on November 4, 2019. The offering is being made only by means of a prospectus, copies of which may be obtained by contacting EarlyBirdCapital, Inc., 366 Madison Avenue, 8th Floor, New York, NY 10017, Attn: Syndicate Department, 212-661-0200. Copies of the registration statement can be accessed through the SECa??s website atAwww.sec.gov.
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