Emerald (EEX) enters Cannabis via $120m+ MJBiz Acquisition

by | Jan 6, 2022 | Free

MJBiz, the main trade show and trade publication for the legal cannabis industry (and where Mike used to work), was sold to publicly traded events and B2B marketing company Emerald Holdings (NYSE: EEX) for $120m in cash paid on Jan 4, 2022, with a growth-based earnout in paid in March 2023, as detailed below.

Premium Members and recipients of the MJResearchCo Weekly Extract can read our analysis calculating the multiple and the implied EBITDA growth for MJBiz and Emerald below.