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The press release https://akerna.mediaroom.com/2021-09-13-Akerna-to-acquire-365-Cannabis,-built-on-Microsofts-Dynamics-365-Business-Central,-and-become-the-most-comprehensive-cannabis-ERP-system-offering-a-complete-portfolio-of-tax,-financials,-reporting-and-compliance-systems?utm_medium=email&utm_source=newsletter&utm_campaign=MJD_20210914_NEWS_Daily 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 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 comprehensive ERP system, crucial to scale as the cannabis industry continues to grow. DENVER, 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. Akerna will host a conference call tomorrow, Tuesday, 9/14, at 8:00 a.m. Eastern Time to discuss the acquisition Akerna will host a conference call tomorrow, Tuesday, September 14, 2021, at 8:00 a.m. Eastern Time to discuss the acquisition. A question-and-answer session will follow prepared remarks. Interested parties may listen to the call by dialing: Toll-Free: 1-877-407-3982 Toll / International: +1-201-493-6780 Conference ID: 13722555 An updated investor deck on the transaction will be made available at: ir.akerna.com. As a result of the acquisition, 365 Cannabis' 85+ clients will gain access to Akerna's Compliance Gateway, feature-rich reporting, MJ Retail POS, and the recently launched Akerna Connect. Akerna has partnered with SAP, Sage Intacct, and other leading providers for integrated financials and tax planning, offering cannabis operators a solution for each stage of their evolution – from startup to multistate operator (MSO) – while maintaining regulatory compliance every step of the way through Akerna's Compliance Gateway. The acquisition of 365 Cannabis accelerates the deployment…

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Source : Akerna to acquire 365 Cannabis

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