You can access today’s Stock Gumshoe revelation here … … Gum_050819

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Leafly to Go Public in a $532M SPAC Deal
The cannabis company, Leafly Holdings has announced to go public in a SPAC deal with Merida Merger Corp. I, a company sponsored by Merida Capital Holdings. The deal is expected to raise up to $161.5M in cash and should help Leafly expand its business in newly legalized markets. [more]

Safe Banking Act Passes U.S. House as Major Banks Are Eager to Join Cannabis Market
The U.S. House of Representatives passed the Safe Banking Act. The legislation now moves to the Republican-controlled Senate for a vote. The legislation would protect federally-regulated banks from prosecution for doing business with cannabis companies in states where cannabis is legal. [more]

Cannabis Central: Pure-Play Cannabis Stocks Crash in September; Only 2 Advance
Only 25 of approximately 250 actively traded cannabis stocks fulfill the criteria for inclusion in the equal-weighted munKNEE Pure-Play Pot Stock Portfolio. Only 2 participants’ stock prices were higher in September – Jushi and Ayr Strategies. [more]