We are just 4 days into a new year and big moves are already happening in the cannabis world.
Today it was announced that MjBiz will be acquired by Emerald X for a whopping $120 million dollars. The deal will include MjBizCon, MjBizDaily, Hemp Industry Daily and MjBiz Magazine.
The deal also includes the Emerald Conference which MjBiz acquired in 2020.
Hervé Sedky, Emerald’s president and CEO, said the deal fits with Emerald’s strategic plans.
“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,” Sedky said.
Emerald’s major events include Outdoor Retailer, ASD Market Week and the International Pizza Expo.
Per MjBiz
