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  6. POSaBIT Acquires Ample Organics

M&A Deal Summary

POSaBIT Acquires Ample Organics

On January 27, 2023, POSaBIT acquired software company Ample Organics from Akerna

Acquisition Highlights
  • This is POSaBIT’s 3rd transaction in the Software sector.
  • This is POSaBIT’s 1st transaction in Canada.
  • This is POSaBIT’s 1st transaction in Ontario.

M&A Deal Summary
Date 2023-01-27
Target Ample Organics
Sector Software
Buyer(s) POSaBIT
Sellers(s) Akerna
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

POSaBIT

Kirkland, Washington, United States
Category Company
Founded 2015
Sector Information Technology
DESCRIPTION

POSaBIT is a financial technology company that offers payment processing and point-of-sale systems to a wide variety of merchants and industry verticals. The company’s trusted payment processing system is MTL/MSB compliant. It provides an easy way for customers to acquire digital currency at the point of sale for high-risk industries like cannabis. POSaBIT was formed in 2015 and is based in Kirkland, Washington.

DEAL STATS #
Overall 4 of 4
Sector: Software M&A 3 of 3
Type: Divestiture M&A Deals 4 of 4
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2023 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-27 MJ Freeway

Denver, Colorado, United States

MJ Freeway is a cannabis-specific software that tracked every gram, from seed to sale. MJ Freeway provide data-driven, cannabis technology solutions that deliver return on investment value across the entire cannabis supply chain. MJ Freeway was founded in 2010 and is based in Denver, Colorado.

Buy -

Seller(S) 1

SELLER

Akerna

Denver, Colorado, United States
Category Company
Founded 2010
Sector Information Technology
Employees204
Revenue 13.6B USD (2022)
DESCRIPTION

Akerna is a global regulatory compliance technology company in the cannabis space. 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 M&A 3 of 3
Type: Divestiture M&A Deals 3 of 3
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2023 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-27 MJ Freeway

Denver, Colorado, United States

MJ Freeway is a cannabis-specific software that tracked every gram, from seed to sale. MJ Freeway provide data-driven, cannabis technology solutions that deliver return on investment value across the entire cannabis supply chain. MJ Freeway was founded in 2010 and is based in Denver, Colorado.

Sell -
Mergr

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