Buys Gelatin Shot Maker
Posted by Milton Griepp on May 18, 2020 @ 3:37 am CT
Acknowledging the difficulties the Covid-19 pandemic is presenting to event companies, Wizard said that "it is currently unclear how many live events will actually be produced by the company in 2020." The company announced that it is postponing its St. Louis and Philadelphia events, both scheduled for June, 20 Q1 2021. It is pivoting to do virtual events and e-commerce as new revenue streams.
Wizard raise $2.5 million late last year to help with diversification efforts; this is the first M&A activity related to that new capital.