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

Akerna将收购365 Cannabis,建立在微软的Dynamics 365 Business Central之上,并成为最全面的大麻ERP系统,提供完整的税务、财务、报告和合规系统组合

2021-09-15 03:30:08 CFN Media Group


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, September 14, 2021, at 8:00 a.m. Eastern Time to discuss the acquisition.   Tweet this 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 of this strategy with the addition of Microsoft capabilities, further establishing Akerna as the most robust cannabis-compliant ERP system offering a full portfolio of mainstream tax and financials. Over the past few years, there has been a substantial positive change in the political and social climate surrounding the cannabis industry, which has seen continued growth in revenue, new markets, and consumers. As new markets are added and the possibility of US federal reform increases, cannabis operators in existing markets are looking to expand their operations and become successful MSOs by opening or seeking to open operations in new states. To become a successful MSO, these businesses require a comprehensive ERP system that can scale with them as they grow from startup to enterprise while simultaneously meeting multistate compliance. “By adding 365 Cannabis into our Akerna ecosystem, we will continue to create new standards and best practices around compliance in every state, province, and country across the globe, standardize how the global supply chain is managed, and forge best practices in technology and hosting,” says Jessica Billingsley, Chief Executive Officer of Akerna. “The synergies between our two companies’ products and offerings will finally create all in one for the entire cannabis industry, on a global scale.” “As we combine our leading solutions built specifically for the ever-evolving cannabis industry, along with Akerna’s 80+ integrations through open APIs, we can now offer cannabis operators a full suite of products to optimize their businesses, improve overall functionality, and ultimately increase sales,” says Jeff Kiehn, Chief Executive Officer of 365 Cannabis. “With the combined team of over 200+ skilled employees including 30 + years of consulting experience, coupled with an unrivaled true ERP system and supporting technologies, our goal is to modernize and propel the cannabis industry throughout this rapid growth period and beyond.” Cannabis 365 clients include Pharmacann, Nectar, Revolution, Sundial, Kiaro, and many others. As the cannabis industry prepares for a post-legalization landscape, Akerna is strengthening its channel connections with existing ERP providers, firmly solidifying its strategic moat as the most comprehensive ERP solutions provider for the industry. Businesses employ ERP solutions to manage their functions in a centralized system, bringing business intelligence and data, compliance and risk management, customer management, inventory, finance, operations, and supply chain information together. By using ERP products, organizations can scale, save money, and improve productivity all within one tool. Many cannabis technology solutions use the letters ERP but lack the full suite of offerings. The deal will be paid with $4 million in cash and $13 million stock with a potential earnout of $8 million. The acquisition is expected to close in Q4 and is subject to customary closing conditions. The combined complementary key capabilities of Akerna and 365 Cannabis will: Enable Akerna to deliver the broadest portfolio of ERP solutions for cannabis operators, covering access to a majority of the mainstream mid-market financial and tax planning market while establishing Akerna as the most robust cannabis-compliant Microsoft offering Offer cannabis operators a financial and tax planning system for each stage of their growth while realizing combined scaled synergies by maintaining regulatory compliance every step of the way through Akerna’s Compliance Gateway Give 365 Cannabis’ 85+ customers access to Akerna’s compliance gateway and ecosystem, including Akerna’s retail and analytics capabilities About Akerna Akerna (Nasdaq: KERN) is an enterprise software company focused on compliantly serving the cannabis, hemp, and CBD industries. Based in Denver, Colorado, the Company’s mission is to create the world’s most transparent and accountable supply chain by building a cannabis technology ecosystem connecting data points across the global cannabis supply chain from seed to sale to self. First launched in 2010, Akerna has tracked more than $20 billion in cannabis sales to date and was the first cannabis software company listed on Nasdaq. Using connected data and information to propel the cannabis industry forward, Akerna empowers businesses, governments, patients, and consumers to make smart decisions. The Company’s cornerstone technology, MJ Platform, the world’s leading infrastructure as a service platform, powers retailers, manufacturers, brands, distributors, and cultivators. Akerna also offers a complete suite of professional consulting services and data analytics for businesses as well as solo sciences, MJ Freeway, Leaf Data Systems, Trellis, Ample Organics and Viridian Sciences. About 365 Cannabis 365 Cannabis is a comprehensive vertically integrated cannabis software solution built on the Microsoft Dynamics platform. The company is a Microsoft Gold Partner and its ERP (Enterprise Resource Planning) solution incorporates Cultivation, Production, Global Compliance, QC, Finance, Dispensing & Retail, CRM,  Warehousing, Distribution, Multi-Facility, Multi-Company, Multi-Entity, Language, Currency and more. The Company services a client base comprised of leading U.S.-based MSOs and single-state operators, and Canadian LPs, in addition to global cannabis clients outside North America. Learn more at www.365cannabis.com or call 888-609-6766. Conference Call Details 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 The conference call will also be available via a live, listen-only webcast and can be accessed through the Investor Relations section of Akerna’s website, https://ir.akerna.com/ To be included on the Company’s email distribution list, please sign up at https://ir.akerna.com/news-events/email-alerts Forward-Looking Statements Certain statements made in this release and any accompanying statements by management are “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. Such forward-looking statements include but are not limited to statements regarding the the timing and completion of the acquisition of 365 Cannabis, the potential deal being accretive to revenue and earnings and the expectation it will contribute positive cash flow, the ability of Akerna to integrate 365 Cannabis, the impact of the acquisition for 365 Cannabis’ customers, Akerna’s future business plans, Akerna’s potential business strengths in the market and any other statements expressing the views of Akerna’s management on future business results or strategy. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of significant known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Akerna’s control, that could cause actual results or outcomes (including, without limitation, the results of Akerna’s contracts, strategic initiatives, and business plans as described herein) to differ materially from those discussed in the forward-looking statements. Important factors, among others that may affect actual results or outcomes, include (i) Akerna’s ability to recognize the anticipated benefits of being a public company, (ii) competition, (iii) Akerna’s ability to grow and manage growth profitably, (iv) Akerna’s ability to maintain relationships with customers and suppliers and retain its management and key employees, (v) costs related to being a public company, (vi) changes in applicable laws or regulations, (vii) Akerna’s ability to identify, complete and integrate acquisitions, including 365 Cannabis, and achieve expected synergies and operating efficiencies in connection with acquired businesses, (viii) and other risks and uncertainties disclosed from time to time in Akerna’s filings with the U.S. Securities and Exchange Commission, including those under “Risk Factors” therein. Actual results, performance, or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those vary from forward-looking statements are based. There can be no assurance that the data contained herein is reflective of future performance to any degree. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial and other information, are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond Akerna’s control. All information herein speaks only as of the date hereof, in the case of information about Akerna, or the date of such information, in the case of information from persons other than Akerna. Akerna undertakes no duty to update or revise the information contained herein. Forecasts and estimates regarding Akerna’s industry and end markets are based on sources believed to be reliable; however, there can be no assurance these forecasts and estimates will prove accurate in whole or in part. This press release does not constitute an offer to sell or a solicitation of an offer to buy securities of the Company nor shall there be any sell of securities of the Company in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The securities to be issued in connection with the transactions described in this press release have not been and will not be registered under the Securities Act of 1933, as amended, or any applicable state securities laws and may not be offered or sold absent such registration or an available exemption therefrom. SOURCE Akerna https://www.Akerna.com   This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
这项价值1700万美元的收购将Akerna的合规网关和功能丰富的报告与365 Cannabis的微软解决方案结合起来。联合解决方案为大麻运营商提供了最全面的ERP系统,随着大麻行业的持续增长,这对规模至关重要。 丹佛市2021年9月13日电/PRNewswire/--Akerna(纳斯达克代码:KERN)是一家企业软件、领先的合规技术提供商,也是大麻行业第一个从种子到销售的企业资源规划(ERP)软件技术(MJ平台®)的开发商,该公司宣布已签署协议,以2.1×LTM的收入,以1700万美元的价格收购365 cannabis,这是一个基于微软Dynamics 365 business Central的大麻业务管理软件系统。收购事项之合并关键能力载于本公告底部。 Akerna将于明天,2021年9月14日星期二,美国东部时间上午8点主持电话会议,讨论收购事宜。 发这个 在准备好的发言之后将进行问答。有兴趣的人士可拨打以下电话收听: 免费电话:1-877-407-3982 长途/国际:+1-201-493-6780 会议ID:13722555 有关此次交易的最新投资者名单将在:ir.akerna.com上公布。 作为收购的结果,365个大麻'85+客户将获得Akerna的合规网关、功能丰富的报告、MJ零售POS和最近推出的Akerna Connect。Akerna与SAP、Sage Intacct和其他领先的综合财务和税务规划提供商合作,为大麻运营商从初创企业到多州运营商(MSO)的每个发展阶段提供解决方案,同时通过Akerna的合规网关保持监管合规的每一步。收购365 Cannabis加快了这一战略的部署,增加了微软的能力,进一步建立了Akerna作为最强大的大麻兼容ERP系统,提供了主流税收和财务的完整组合。 在过去几年里,围绕大麻产业的政治和社会气候发生了重大积极变化,收入、新市场和消费者持续增长。随着新市场的增加和美国联邦改革可能性的增加,现有市场上的大麻经营者正寻求通过在新州开设或寻求开设业务来扩大经营,并成为成功的MSO。为了成为一个成功的MSO,这些企业需要一个全面的ERP系统,可以随着他们从初创企业发展到企业,同时满足多州法规。 Akerna首席执行官杰西卡·比林斯利(Jessica Billingsley)表示:“通过将365种大麻添加到我们的Akerna生态系统中,我们将继续围绕全球每个州、省和国家的合规制定新的标准和最佳实践,规范全球供应链的管理方式,并在技术和托管方面形成最佳实践。”“我们两家公司产品和产品之间的协同作用最终将在全球范围内为整个大麻行业创造合二为一的局面。” 365 cannabis首席执行官杰夫·基恩(Jeff Kiehn)表示:“随着我们将专门为不断发展的大麻行业构建的领先解决方案与Akerna通过开放API进行的80多项集成相结合,我们现在可以为大麻运营商提供全套产品,以优化他们的业务,改善整体功能,并最终增加销售额。”“拥有超过200多名熟练员工,包括30多年的咨询经验,加上无与伦比的真正ERP系统和支持技术,我们的目标是在这一快速成长期及以后实现大麻行业的现代化和推动。” 大麻365的客户包括Pharmacann、Nectar、Revolution、Sundial、Kiaro和许多其他公司。 随着大麻行业为合法化后的局面做准备,Akerna正在加强与现有ERP提供商的渠道联系,坚定地巩固其作为行业最全面的ERP解决方案提供商的战略护城河。 企业采用ERP解决方案在一个集中的系统中管理其功能,将商业智能和数据、合规和风险管理、客户管理、库存、财务、运营和供应链信息汇集在一起。通过使用ERP产品,组织可以在一个工具内扩大规模、节省资金和提高生产率。许多大麻技术解决方案使用字母ERP,但缺乏全套产品。 这笔交易将以400万美元现金和1300万美元股票支付,潜在收益为800万美元。收购事项预计将于第四季度结束,并须遵守惯例的结束条件。 Akerna和365 Cannabis的互补关键能力将: 使Akerna能够为大麻运营商提供最广泛的ERP解决方案组合,覆盖大多数主流中端市场财务和税务规划市场,同时使Akerna成为最强大的大麻兼容Microsoft产品 为大麻运营商的每个增长阶段提供财务和税务规划系统,同时通过Akerna合规门户的每一步保持监管合规,实现联合规模的协同增效 让365个大麻'85+客户进入Akerna的合规网关和生态系统,包括Akerna的零售和分析能力 关于Akerna Akerna(纳斯达克代码:KERN)是一家专注于合规服务大麻、大麻和CBD行业的企业软件公司。该公司总部位于科罗拉多州丹佛市,其使命是通过建立一个大麻技术生态系统,将全球大麻供应链从种子到销售再到自我的数据点连接起来,从而创建世界上最透明和负责任的供应链。Akerna于2010年首次推出,迄今已跟踪超过200亿美元的大麻销售,是第一家在纳斯达克上市的大麻软件公司。 Akerna利用连接的数据和信息推动大麻行业向前发展,使企业、政府、患者和消费者能够做出明智的决定。公司的基石技术,MJ平台,世界领先的基础设施作为服务平台,为零售商,制造商,品牌,分销商和耕种者提供动力。Akerna还为企业以及solo sciences、MJ Freeway、Leaf data Systems、Trellis、Ample Organics和Viridian sciences提供一整套专业咨询服务和数据分析。 大约365颗大麻 365 Cannabis是建立在Microsoft Dynamics平台上的一个全面的垂直集成大麻软件解决方案。该公司是微软的黄金合作伙伴,其ERP(企业资源计划)解决方案包括种植、生产、全球合规、QC、财务、配药和零售、CRM、仓储、分销、多设施、多公司、多实体、语言、货币等。该公司服务的客户群包括总部位于美国的领先MSO和单一州运营商,以及加拿大的LPs,此外还有北美以外的全球大麻客户。了解更多信息,请登录www.365cannabis.com或拨打888-609-6766。 电话会议详细信息 Akerna将于明天,2021年9月14日星期二,美国东部时间上午8点主持电话会议,讨论收购事宜。在准备好的发言之后将进行问答。有兴趣的人士可拨打以下电话收听: 免费电话:1-877-407-3982 长途/国际:+1-201-493-6780 会议ID:13722555 电话会议还将通过现场收听网络直播进行,并可通过Akerna网站的投资者关系部分访问https://ir.akerna.com/ 若要列入公司的电子邮件分发列表,请登录https://ir.akerna.com/news-events/email-alerts 前瞻性陈述 本新闻稿中的某些陈述和管理层的任何附带陈述是1995年美国私人证券诉讼改革法案“安全港”条款意义上的“前瞻性陈述”。在本新闻稿中使用的“估计”、“预计”、“预期”、“预期”、“预测”、“计划”、“打算”、“相信”、“寻求”、“可能”、“将会”、“应该”、“未来”、“提议”以及这些词语或类似表达的变体(或这些词语或表达的否定版本)旨在识别前瞻性陈述。该等前瞻性陈述包括但不限于有关收购365 Cannabis的时间及完成情况的陈述、潜在交易对收入及盈利的增长以及预期其将贡献正现金流、Akerna整合365 Cannabis的能力、收购对365 Cannabis客户的影响、Akerna的未来业务计划、Akerna在市场上的潜在业务优势以及任何其他表达Akerna管理层对未来业务业绩或战略观点的陈述。这些前瞻性陈述并不是对未来业绩、条件或结果的保证,并涉及许多已知和未知的重大风险、不确定性、假设和其他重要因素,其中许多不在Akerna的控制范围内,这些因素可能导致实际结果或结果(包括但不限于Akerna合同、战略计划和业务计划的结果)与前瞻性陈述中讨论的结果存在重大差异。重要因素,除可能影响实际成果或结果的其他因素外,包括(i)Akerna认识到作为上市公司的预期利益的能力,(ii)竞争,(iii)Akerna实现盈利增长和管理增长的能力,(iv)Akerna保持与客户和供应商关系并留住其管理层和关键员工的能力,(v)作为上市公司的相关成本,(vi)适用法律或法规的变化,(vii)Akerna识别、完成和整合收购(包括365大麻)以及实现与收购业务相关的预期协同增效和运营效率的能力,(viii)以及Akerna向美国证券交易委员会提交的文件中不时披露的其他风险和不确定性,包括其中“风险因素”项下的风险和不确定性。实际结果、业绩或成就可能与任何预测和前瞻性陈述以及这些预测和前瞻性陈述所依据的假设有重大差异,并可能产生不利影响。不能保证这里包含的数据在任何程度上反映了未来的性能。告诫您不要过度依赖前瞻性陈述作为未来业绩的预测因素,因为预计的财务和其他信息是基于估计和假设,这些估计和假设固有地受到各种重大风险、不确定性和其他因素的影响,其中许多是Akerna无法控制的。此处的所有信息仅限于此处的日期,如果是关于Akerna的信息,或此类信息的日期,如果是来自Akerna以外的人的信息。Akerna不承担更新或修改本文所载信息的责任。关于Akerna的行业和终端市场的预测和估计基于被认为是可靠的来源;然而,不能保证这些预测和估计会全部或部分准确。 本新闻稿并不构成出售本公司证券的要约或征求购买本公司证券的要约,也不得在任何州或司法管辖区内出售本公司证券,而在根据任何州或司法管辖区的证券法登记或资格之前,该要约、征求或出售将是非法的。与本新闻稿中描述的交易有关的将发行的证券尚未并将不会根据经修订的1933年证券法或任何适用的州证券法进行登记,在没有进行登记或获得豁免的情况下,不得提供或出售。 来源|Akerna https://www.akerna.com 本文由CFN Enterprises Inc.(OTCQB:CNFN)发表,该公司是CFN Media的所有者和运营商,CFN Media是行业领先的机构和数字金融媒体网络,致力于新兴的CBD和合法大麻行业。请致电+1(833)420-CNFN了解更多信息。