(Reuters) – Leafly, the leading cannabis website focused on marijuana, reiterated Monday that it is on track to meet its financial targets in 2021. This shows that Leafly was able to overcome industry weaknesses ahead of its Nasdaq debut next year.

The U.S. Securities regulator approved the company’s registration statement earlier today, making it possible for the company to become public following a vote of shareholders from merger partner Merida Merger Corp I.

Merida, an acquisition company for special purposes, announced that its shareholders will meet Jan. 14th to decide on the August-agreed deal.

Leafly is set to receive $161 million from the merger. This will be one of the most significant cannabis-related service provider mergers.

Yoko Mishashita is the chief executive officer at Leafly. She stated that while the company does not depend on one country to achieve its objectives, the growth of sales should be accelerated by the opening up new markets in the future.

The Cannabis Information Portal and Retail Portal expects California sales to increase 15% in 2015, despite the wider industry challenges resulting from illegal marijuana markets dominating.

Miyashita wrote to shareholders that North America’s legal marijuana industry is still the fastest growing in Africa in 2021 and shows no sign of slowing down for 2022.

Last month, the company reported an increase of 21% in its third quarter revenue.