Akerna To Acquire 365 Cannabis, Built On Microsoft'S Dynamics 365 Business Central, And Become The Most Comprehensive Cannabis Erp System Offering A Complete Portfolio Of Tax, Financials, Reporting And Compliance Systems
Acquiring Company
American Bitcoin
Acquired Company
365 Cannabis
Miami
TorontoOtherBiotechnologyFinancial ServicesData And AnalyticsCommunity And LifestyleHealth CareScience And EngineeringDesignAgriculture And FarmingFood And BeverageBlockchainCryptocurrencyMiningData MiningConsultingDescription
Akerna (Nasdaq: KERN), an enterprise software, leading compliance technology provider, and developer of the cannabis industry's first seed-to-sale enterprise resource planning (ERP) software technology (MJ Platform®), announced it has signed an agreement to acquire 365 Cannabis, a cannabis business management software system built on Microsoft's Dynamics 365 Business Central in a $17 million deal at 2.1x LTM revenue. The combined key capabilities of the acquisition are listed at the bottom of this announcement.
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Frequently asked
Who acquired 365 Cannabis?
365 Cannabis was acquired by American Bitcoin, based in Miami. The deal was reported on September 13, 2021. American Bitcoin Corp. is a leading player in the cryptocurrency mining sector, focusing on Bitcoin mining operations. The company is known for its innovative technologies and efficiency in mining operations. American Bitcoin is publicly traded (ABTC) and operates in Other.
When did American Bitcoin acquire 365 Cannabis?
American Bitcoin's acquisition of 365 Cannabis was reported on September 13, 2021. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does 365 Cannabis do?
365 Cannabis is powered by Microsoft, delivering a robust ERP solution with functionality specifically tailored to the challenges and requirements of the cannabis industry. It is privately held, operating in Consulting, and is based in Toronto.
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