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Cannabis Review Site Leafly Takes On Debt Following Company-Wide Hiring Freeze

It looks like Leafly is rolling up some green in a new round of equity funding, which is bound to spark a little reefer gladness at the cannabis strain guide, dispensary review, and ecommerce company.

According to the filing, the new capital comes in the form of debt and options contracts which would grant Leafly’s creditors the right to acquire company securities at some unspecified date in the future.

Crunchbase News reached out to Leafly for comment, but did not hear back prior to publication.

Leafly was founded in March 2010 and was acquired by cannabis-focused private equity holding company Privateer Holdings in December 2011.

It’s unclear how much capital Privateer Holdings invested in Leafly over the years, but the firm has raised over $200 million from its financial backers including Peter Thiel’s Founders Fund.

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