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
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
09/13/21, 8:37 PM
Location
denverIndustry
agriculture and farming
food and beverage
design
science and engineering
health care
community and lifestyle
biotechnology
data and analytics
messaging and telecommunications
agriculture and farming
food and beverage
health care
community and lifestyle
other
information technology
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.
Company Info
Location
1550 larimer street, suite 246
Denver, Colorado, United States
Company info
Akerna (Nasdaq: KERN) is an enterprise software company focused on compliantly serving the cannabis, hemp, and CBD industries. Based in Denver, Colorado, the Company's mission is to create the world's most transparent and accountable supply chain by building a cannabis technology ecosystem connecting data points across the global cannabis supply chain from seed to sale to self. First launched in 2010, Akerna has tracked more than $20 billion in cannabis sales to date and was the first cannabis software company listed on Nasdaq.
Using connected data and information to propel the cannabis industry forward, Akerna empowers businesses, governments, patients, and consumers to make smart decisions. The Company's cornerstone technology, MJ Platform, the world's leading infrastructure as a service platform, powers retailers, manufacturers, brands, distributors, and cultivators. Akerna also offers a complete suite of professional consulting services and data analytics for businesses as well as solo sciences, MJ Freeway, Leaf Data Systems, Trellis, Ample Organics and Viridian Sciences.