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New Deal


Announced

Completed

Emerald completed the acquisition of MJBiz from Anne Holland Ventures for $120m.

Financials

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Transaction Value£88m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pharmaceuticals

United States

recreational cannabis

Majority

Private

Single Bidder

Domestic

Friendly

Acquisition

Completed

medical cannabis

Synopsis

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Emerald, dynamic, market-driven platforms building company that integrate live events with a broad array of industry insights, digital tools, and data-focused solutions, completed the acquisition of MJBiz, an independent publisher and event producer serving America's cannabis industry entrepreneurs and investors, from Anne Holland Ventures, a venture capital firm, for $120m. "MJBiz’s leading event and content portfolio, coupled with their 365-day engagement platform – which connects the entire cannabis supply chain – will diversify our collective product offerings, enhance our growth profile and enable us to deliver even greater value to our customers over the long term," Hervé Sedky, Emerald President and CEO.

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