'We're thrilled for this acquisition to be finalized and to officially be a part of the Akerna family of brands. The acquisition of 365 Cannabis accelerates the deployment of this strategy with the addition of Microsoft capabilities, further establishing Akerna as the most robust cannabis-compliant ERP system offering a complete portfolio of mainstream tax and financials. To reach those growth goals while meeting multistate compliance, cannabis operators require a comprehensive ERP system, like Akerna's, that can scale with them.Īkerna has partnered with SAP, Sage Intacct, and other leading financial and tax planning providers to offer cannabis operators a solution for each stage of their evolution – from startup to multistate operator (MSO) – while maintaining regulatory compliance through Akerna's compliance gateway. 'We are proud to offer cannabis operators the most comprehensive cannabis technology ecosystem of the best-in-class tax, financial, compliance, consulting, training, data analytics, product development, and more.'Īs the cannabis industry experiences continued growth and the possibility of US federal reform increases, cannabis operators are seeking to grow their operations and expand into new markets. 'The 365 Cannabis acquisition represents the final piece of the puzzle for connecting cannabis compliance with mainstream ERP offerings to give our clients a choice between all of the most popular financial and operational systems,' said Jessica Billingsley, Akerna CEO. Give 365 Cannabis' 85+ customers, including Pharmacann, Nectar, Revolution, Sundial, and Kiaro, access to Akerna's compliance gateway, feature-rich reporting, MJ Retail POS, and the recently launched Akerna Connect.Īn updated investor deck on the transaction is available at: ir.Offer cannabis operators a seamless solution from startup to multi-state operator while maintaining regulatory compliance every step of the way through Akerna's compliance gateway.

Add the most robust cannabis-compliant Microsoft ERP on the market, establishing Akerna as the broadest portfolio of technology solutions provider for cannabis operators with a majority of the mainstream mid-market to enterprise finance, inventory, and operations solutions.

The combined complementary key capabilities of Akerna and 365 Cannabis will:

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