Emerald Acquires MJBiz
January 4, 2022
Emerald Holding, Inc. (NYSE:EEX) completed the acquisition of MJBiz, the leading B2B event and content platform serving the cannabis and hemp industries. Emerald paid $120 million in initial consideration (with potential contingent payments), acquiring a business that generated roughly $27 million of revenue in 2021; MJBiz management will remain with the business to continue operations.
- Buyers
- Emerald Holding, Inc.
- Targets
- MJBiz
- Industry
- Media & Entertainment
- Location
- Colorado, United States
- Transaction Type
- Buyout
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