5 Thoughts on MJ Biz Daily, the Wall Street Journal of Weed, Selling for $120 Million in an All-Cash DealHigh & Marijuana Blog | Cannabis.Net

News broke today that shook up the online cannabis world, as industry leader and stalwart, MJ Biz Daily, sold to non-cannabis company Emerald X, a wholly owned subsidiary of Emerald Holding, a New York-based business-to-business event and media company, for $120 million in cash plus potential earnouts.  The deal was basically structured around 5x revenue for the high-ranking website and event and trade show brand.  Emerald stock is up close to 4% on the news of the acquisition.

News broke today that shook up the online cannabis world, as industry leader and stalwart, MJ Biz Daily, sold to non-cannabis company Emerald X, a wholly owned subsidiary of Emerald Holding, a New York-based business-to-business event and media company, for $120 million in cash plus potential earnouts.  The deal was basically structured around 5x revenue for the high-ranking website and event and trade show brand.  Emerald stock is up close to 4% on the news of the acquisition. High & Marijuana Blog | Cannabis.Net Read More or Shop @ https://pinkplanes.com/shop/