Estimated reading time: 0 minutes, 38 seconds

AKERNA BUYS 365 CANNABIS Featured

Akerna, which is out to consolidate the cannabis software business, has acquired 365 Cannabis for $17 million. Akerna has also raised $20 million this month through the sale of convertible debentures to its existing institutional investors.

365 Cannabis is built on Microsoft's Dynamics 365 Business Central. Akerna termed the acquired product the “most robust cannabis-compliant Microsoft ERP on the market” and that it would offer “the broadest portfolio of technology solutions provider for cannabis operators.” Akerna had $7.8 million in revenue for the six months ended December 31. The company made that report to the SEC as it changed its reporting period from a June 30 fiscal year end to a calendar year. It had $8,9 million in revenue for the six months ended June 30. Akerna owns several cannabis companies, including Viridian Sciences, Leaf Data Systems and Trellis.

Read 252 times
Rate this item
(0 votes)

Visit other PMG Sites:

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.