secwatch.observer — SEC 8-K summary
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Issuer:     Emerald Holding, Inc. (EEX)
CIK:        0001579214
Form:       8-K
Filed at:   2022-01-04T23:59:59+00:00
Accession:  0000895345-22-000009
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579214/000089534522000009/0000895345-22-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579214/000089534522000009/ff708299_8k-emeraldx.htm
  HTML page:      https://secwatch.observer/filing/0000895345-22-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer