M&A Deal Summary

Akerna Acquires Ample Organics

On December 18, 2019, Akerna acquired software company Ample Organics for 60M CAD

Acquisition Highlights
  • This is Akerna’s 1st transaction in the Software sector.
  • This is Akerna’s 0th largest (disclosed) transaction.
  • This is Akerna’s 1st transaction in Canada.
  • This is Akerna’s 1st transaction in Ontario.
Investment Fate
  • Ample Organics was divested to a consortium of strategic buyers in 2023.

M&A Deal Summary
Date 2019-12-18
Target Ample Organics
Sector Software
Buyer(s) Akerna
Deal Type Add-on Acquisition
Deal Value 60M CAD
Advisor(s) INFOR Financial, Inc. (Financial)

Target

Ample Organics

Vaughan, Ontario, Canada
website
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.

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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 1 of 3
Sector (Software) 1 of 2
Type (Add-on Acquisition) 1 of 3
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 1
FOLLOWING 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.

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