Akerna Unloads 3 More Business Units in 2023
DENVER – POSaBIT has signed an agreement to acquire MJ Platform, Leaf Data Systems, and Ample Organics from Akerna in a $4-million cash deal. The deal is expected to close during the second quarter, pending approval of Akerna shareholders. Enterprise SaaS company Akerna appears to be taking part in a major pivot, unloading enterprise resource planning platform 365 Cannabis to previous investors at 365 Holdco LLC on January 11 for a cash payment of $500,000 and an agreement to terminate an earn-out payment due and payable to the principals of 365 Holdco LLC with a deemed value of $2,283,806. On its surface, the sale looks like a major loss given the $17 million in cash and stock Akerna paid to acquire 356 Cannabis in October 2021. Akerna (Nasdaq: KERN) was trading at $1.78 at the closing bell on Thursday, down from its 52-week high of $33. However, the new year has shown significant signs of improvement with the price increasing roughly 158 percent from the end of December throug...