Welcome to our dedicated page for Akerna news (Ticker: KERN), a resource for investors and traders seeking the latest updates and insights on Akerna stock.
Akerna Corp. (NASDAQ: KERN) delivers essential cannabis industry intelligence through its market-leading compliance software and consulting services. This news hub provides investors and professionals with critical updates on the company’s strategic initiatives, including its MJ Freeway® platform innovations and proposed transactions with Gryphon Digital Mining.
Access real-time updates on Akerna’s financial filings, regulatory compliance solutions, and partnerships shaping cannabis operations worldwide. Our curated news collection covers earnings reports, product enhancements to the seed-to-sale ERP system, and developments in government-facing Leaf Data Systems™ technology.
Key content areas include strategic transaction progress, MJ Freeway adoption metrics (processing $5B+ annual sales), and analysis of cannabis market trends impacting Akerna’s consulting services. All information is sourced from official SEC filings and company communications to ensure reliability.
Bookmark this page for streamlined tracking of Akerna’s role in cannabis tech evolution. For complete transaction details and investment disclosures, consult the company’s official website and SEC filings.
Akerna (KERN) released its mid-year review of the cannabis industry, highlighting significant trends and insights derived from recent market dynamics. The review emphasizes the industry's resilience and innovation, particularly during the COVID-19 pandemic. Key topics covered include the impact of cannabis legalization on economic recovery, consumer safety measures, and sales trends, revealing over $18 billion tracked in cannabis sales since 2010. Akerna aims to provide valuable business intelligence to investors, governments, and consumers for better decision-making in a rapidly evolving market.
Akerna (Nasdaq: KERN) anticipates an 11% increase in vaporizer and concentrate sales during the 7/10 Oil Day celebrations, highlighting a historical 124% increase in oil sales compared to the daily average. Sales trends indicate that during the July 4 weekend, over $206 million was spent on cannabis, with 47% on flower and 32% on cartridges. The company’s MJ Platform now includes Platform Insights, offering valuable insights into cannabis sales and inventory management, aiding operators and investors in making data-driven decisions.
Akerna Corp. (Nasdaq: KERN) has successfully completed its acquisition of Ample Organics Inc., a leading Canadian seed-to-sale platform, for CAD$7.5 million in cash and approximately 3.3 million shares exchangeable into Akerna common stock. This acquisition is part of Akerna's strategy to enhance its position as a global technology provider in the cannabis industry, leveraging its comprehensive platform across North America. The transaction is expected to create significant synergies and improve operational efficiencies.
Akerna Corp. (Nasdaq: KERN), a leader in cannabis software solutions, is participating in the Alliance Global Partners' virtual event 'The Cannabis Chronicles.' Scheduled for July 9, 2020, at 11:00 a.m. EDT, CEO Jessica Billingsley and CFO John Fowle will engage in a fireside chat. The company, known for its MJ Platform® ERP software, has tracked over $18 billion in cannabis sales since 2010. Interested participants can register here for the event.
On July 3, 2020, Akerna (Nasdaq: KERN) released a Flash Report forecasting an 87% increase in cannabis sales over daily averages for the Independence Day weekend. The report anticipates that sales will start climbing on July 2, reaching an 80% increase for that day, and expects July 3 to be the highest grossing day of the year, with a projected 100% increase. The data also highlights top products, including 45% flower sales, 35% cartridges, and expectations of consumers spending $100 on average for cannabis.
Akerna Corp. (Nasdaq: KERN) has appointed David McCullough as Chief Technology Officer (CTO), effective immediately. McCullough, who has over 16 years of experience, will drive Akerna's internal technology strategy. He replaces Alex Shah, who will focus on the solo* platform's growth. Akerna's CEO, Jessica Billingsley, highlighted the promotion as a testament to team development. Akerna is known for its comprehensive cannabis industry software, having tracked over $18 billion in cannabis sales since 2010.
Akerna (Nasdaq: KERN) announced its collaboration with The Last Prisoner Project to integrate a donation feature into its MJ Platform POS system. This initiative enables cannabis retailers to collect donations directly from consumers at the point of sale. CEO Jessica Billingsley emphasized the importance of addressing the social justice issues stemming from the war on drugs, particularly those affecting communities of color. The Last Prisoner Project aims to support ex-cannabis prisoners through various criminal justice reform initiatives, including record clearing and reentry programs.
Akerna (Nasdaq: KERN) reports a 10% year-over-year increase in liquor sales, with red wine leading in sales volume at 18%. Premium beer and whiskey follow at 15% and 13%, respectively. Gin sales have seen a decline after a 55% surge in March during the pandemic. The ready-to-drink beverage segment is thriving, showing a 40% growth year-over-year. As Father's Day approaches, premium beer claims 18% of sales, with red wine at 14%. This shift indicates changing consumer preferences, suggesting a potential decrease in whiskey's market position.
Akerna Corp. (Nasdaq: KERN) has successfully closed a $17 million debt financing with institutional investors, aimed at enhancing its growth initiatives and technology infrastructure. The financing, structured as a Senior Secured Convertible Note, will mature on June 1, 2023, and can be converted into common stock at $11.50 per share. CEO Jessica Billingsley highlighted that this financing strengthens Akerna's balance sheet and allows the company to capitalize on emerging opportunities in the cannabis sector amid increasing legalization efforts.
Akerna Corp. (KERN) will be included in the Russell 2000® and Russell 3000® Indexes after the U.S. market opens on June 29, 2020. This milestone is expected to enhance stock visibility and attract more investor interest, according to CFO John Fowle. The Russell reconstitution ranks the 4,000 largest U.S. stocks by market capitalization, with Akerna's addition reflecting its growth and strong position in cannabis industry technology. Approximately $9 trillion in assets are benchmarked against these indexes.
