Emerald acquires MJBiz for $120M; cannabis B2B platform with $27M revenue in 2021

Emerald Holding, Inc.

Base purchase price of $120M in cash; potential earn-out based on 2022 EBITDA growth (9.3x multiple over $13M).
MJBiz 2021 revenues approx $27M, near pre-pandemic levels; 38% compound annual revenue growth from 2017-2019.
MJBizCon Oct 2021 featured 1,200+ exhibiting companies and 27,000 attendees (18,000+ paid).
MJBiz management (CEO Chris Walsh) will continue to lead day-to-day operations.
Acquisition funded from balance sheet; diversifies Emerald into high-growth cannabis industry.

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