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. (symbol: KERN) is a forward-thinking technology company specializing in software solutions for the cannabis industry. Established in 2010, the company has rapidly grown to become an industry leader, offering comprehensive data and consulting services tailored specifically for cannabis businesses. Akerna's flagship technology, MJ Freeway®, processes over $5 billion in cannabis sales transactions and serves clients across the United States, Canada, Europe, and Australia.
The core of MJ Freeway's offerings is a patented seed-to-sale supply chain ERP platform. This platform leverages sophisticated business intelligence insights to help cannabis businesses manage their operations more efficiently and stay compliant with regulatory requirements. Additionally, MJ Freeway's Leaf Data Systems technology empowers governments to monitor cannabis production and distribution, preventing diversion and ensuring the safety of patients, the public, and products.
In terms of consulting, MJ Freeway offers a complete suite of services designed to assist cannabis businesses in optimizing their operations, from initial setup to scaling their ventures. These consulting services provide expert guidance on navigating the complexities of the cannabis industry, ensuring that businesses are well-positioned for success.
Recently, Akerna has embarked on a series of strategic moves to enhance its market presence. Notably, the company is involved in proposed transactions with Gryphon Digital Mining, Inc. and MJ Acquisition Co. These transactions are expected to close around January 31, 2024, subject to necessary approvals and conditions. Gryphon Digital Mining is a notable player in the Bitcoin space, focusing on integrating digital assets into the clean energy grid with a net carbon-negative strategy.
Financially, Akerna remains committed to managing its operational expenses and navigating the costs associated with these proposed transactions. The company actively engages with investors and stakeholders, providing transparency through regular filings with the U.S. Securities and Exchange Commission (SEC).
For more information about Akerna Corp. and its innovative solutions for the cannabis industry, visit their official website at Akerna.com or contact their Investor Relations department at (516) 419-9915.
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.
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