Akerna shares surged more than 9% in premarket trading

Tiger Newspress2021-09-14

Cannabis industry software provider Akerna shares surged more than 9% in premarket trading on Akerna to acquire 365 Cannabis for $17M.

  • Cannabis industry enterprise resource planning software technology provider Akerna will acquire business management software system 365 Cannabis in a $17M deal.
  • Akerna will pay $4M in cash and $13M in stock, with a potential earn-out of $8M. The transaction is expected to close in Q4.
  • Akerna has the industry's first seed-to-sale enterprise software technology, MJ Platform, and recently launched Akerna Connect, an ecommerce software suite of digital marketing tools to retailers and dispensaries.
  • 365 Cannabis is built on Microsoft's Dynamics 365 Business Central.
  • Cannabis 365 clients include Cannabis 365 clients include Pharmacann, Nectar, Revolution, Sundial, ans Kiaro.
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