Akerna Corp. - KERN STOCK NEWS

Akerna (Nasdaq: KERN) reported that September 3, 2021, marked the second-largest day for national cannabis retail sales, totaling $90.1 million. Over the Labor Day weekend (September 3-6), sales reached $234.8 million, with the highest sales day on September 3. Sales data reveals significant consumer behavior trends, with males comprising 61.4% of sales and the 30-40 age group leading purchases. The company emphasizes leveraging analytics for optimized retail strategies, aiming to enhance customer loyalty and sales performance.

Akerna (Nasdaq: KERN) forecasts over $240 million in legal cannabis sales during the Labor Day weekend, from September 3 to 6. Sales are expected to peak at $90 million on Friday, September 3, a 62% increase from the daily average. This is projected to be the second-highest sales day of 2021. Other anticipated sales include $69 million on Saturday, $39 million on Sunday, and $42 million on Labor Day. Factors influencing sales trends include increased spending, higher average order totals, and demographic shifts.

Akerna (Nasdaq: KERN) announced the launch of Akerna Connect, a new eCommerce software aimed at enhancing digital capabilities for cannabis retailers and dispensaries. This platform provides tools for online ordering, loyalty programs, and personalized marketing, enabling businesses to engage customers beyond physical locations. In addition, over a dozen cannabis businesses are already successfully utilizing this technology, which is designed to meet industry-specific regulatory needs. CEO Jessica Billingsley emphasized its role in boosting sales and customer engagement.

Akerna (KERN) reported a strong second quarter for 2021, achieving total revenue of $4.9 million, a 63% increase year over year. Software revenue rose to $4.5 million, reflecting a 56% growth. Notable highlights included a gross profit of $3 million, up 153%, and an improvement in Adjusted EBITDA to negative $1.6 million from negative $3.6 million. The company secured its first national cannabis contract with St. Vincent and the Grenadines and reported cash of $11.8 million. Akerna's SaaS ARR reached $17.3 million, up 53% year over year.

Akerna (Nasdaq: KERN) has announced a partnership with the Medicinal Cannabis Authority (MCA) of St. Vincent and the Grenadines to implement a national CRM software system. This initiative aims to standardize and simplify the documentation process within the medicinal cannabis industry, enhancing regulatory compliance and user experience for physicians, pharmacists, and patients. The project is expected to establish a model for other countries and improve data management in line with local laws and international standards, promoting the industry’s growth in the Caribbean.

Akerna (Nasdaq: KERN) announces that Jessica Billingsley, co-founder and CEO, has been elected Chair of the US Cannabis Council (USCC). The USCC aims to raise ethical standards, achieve restorative justice, and create a well-regulated cannabis industry. Billingsley's leadership includes pioneering cannabis technology and leading Akerna through four acquisitions. The USCC supports the Cannabis Administration and Opportunity Act, which seeks to legalize cannabis federally and improve regulations. Akerna has tracked over $20 billion in cannabis sales since 2010.

Akerna (Nasdaq: KERN), a leader in cannabis compliance technology, will report its Q2 financial results for the period ending June 30, 2021, on August 9, 2021. Akerna will also host a conference call on August 10, 2021, at 8:30 a.m. ET to discuss the results and company highlights. Akerna has notably tracked over $20 billion in cannabis sales and is the first cannabis software company to be listed on Nasdaq. The company provides enterprise solutions for the cannabis, hemp, and CBD sectors, including its MJ Platform ERP software.

Akerna (Nasdaq: KERN) has released its second annual mid-year review, providing insights into the rapidly evolving cannabis industry. The report covers various elements such as cannabis operators, consumer spending trends, new markets, and corporate social responsibility. It aims to guide business owners, investors, and consumers seeking an in-depth understanding of this dynamic market. CEO Jessica Billingsley emphasized the report's value for stakeholders aiming to make informed decisions based on curated, data-driven insights.