M&A Deal Summary

Akerna Acquires 365 Cannabis

On September 13, 2021, Akerna acquired software company 365 Cannabis for 17M USD

Acquisition Highlights
  • This is Akerna’s 2nd transaction in the Software sector.
  • This is Akerna’s 2nd largest (disclosed) transaction.
  • This is Akerna’s 2nd transaction in the United States.
  • This is Akerna’s 1st transaction in Nevada.

M&A Deal Summary
Date 2021-09-13
Target 365 Cannabis
Sector Software
Buyer(s) Akerna
Deal Type Add-on Acquisition
Deal Value 17M USD

Target

365 Cannabis

Las Vegas, Nevada, United States
website
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. 365 Cannabis was founded in 2016 and is based in Las Vegas, Nevada.

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Buyer(S) 1

Buyer

Akerna

Denver, Colorado, United States

website

Category Company
Founded 2010
Sector Information Technology
Employees204
Revenue 21M USD (2021)
DESCRIPTION

Akerna is a global regulatory compliance technology company in the cannabis space. Akerna’s service offerings include MJ Platform, Leaf Data Systems, and solo sciences tech platform. Akerna intends to grow through targeted, strategic acquisitions that are complementary to its current business and organically by accelerating its product development efforts. Akerna was incorporated in 2010 and is based in Denver, Colorado.

DEAL STATS #
Overall 3 of 3
Sector (Software) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (Nevada) 1 of 1
Country (United States) 2 of 2
Year (2021) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-11 Viridian Sciences

Pleasant Grove, Utah, United States

Viridian Sciences is a provider of a cannabis business management software system built on SAP Business One. Viridian Sciences is based in Pleasant Grove, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-27 Ample Organics

Vaughan, Ontario, Canada

Ample Organics is a cannabis software solution platform makes compliance easy by tracking individual plants from seed to consumer and reporting every detail of the growth, production, and sales processes. Ample Organics was founded in 2014 and is based in Vaughan, Ontario.

Sell -
Mergr

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