Emerald files MJBiz audited financials: $844K impairment, $8.1M owner distributions in 2020

Emerald Holding, Inc.

Acquisition of MJBiz from Anne Holland Ventures closed Dec 31, 2021; audited FY2020 and FY2019 financials now filed.
FY2020 impairment charges of $843,952 on intangible assets and software due to COVID-related event cancellations.
Owner distributions totaled $8,144,001 in FY2020 and $9,074,232 in FY2019.
COVID-19 forced cancellation of substantially all face-to-face events in 2020; insurance claims filed in Q1 2021.
One vendor accounted for 44% of cost of revenue in FY2019 and 68% of accrued liabilities as of Dec 31, 2019.

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