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

PR Newswire2021-09-14

The $17 million acquisition combines Akerna's Compliance Gateway and feature-rich reporting with 365 Cannabis' Microsoft solution. The combined solution offers cannabis operators the most ...

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white_fangg
2021-09-14
white_fangg
Like and comment please. Thanks
MeiQuen
2021-09-14
MeiQuen
Wow
- BlueHi5:
  Good
- Mooimooi:
  nice
- NewBroker:
  Ok

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The combined solution offers cannabis operators the most comprehensive ERP system, crucial to scale as the cannabis industry continues to grow.\nDENVER, Sept. 13, 2021 /PRNewswire/ -- 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.\n\nAbout Akerna\nAkerna (Nasdaq: KERN) is an enterprise software company focused on compliantly serving the cannabis, hemp, and CBD industries. 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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.\nAbout 365 Cannabis\n365 Cannabis is a comprehensive vertically integrated cannabis software solution built on the Microsoft Dynamics platform. The company is a Microsoft Gold Partner and its ERP (Enterprise Resource Planning) solution incorporates Cultivation, Production, Global Compliance, QC, Finance, Dispensing & Retail, CRM,  Warehousing, Distribution, Multi-Facility, Multi-Company, Multi-Entity, Language, Currency and more. The Company services a client base comprised of leading U.S.-based MSOs and single-state operators, and Canadian LPs, in addition to global cannabis clients outside North America. 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