Cannabis Tech Company Akerna Acquires Viridian Sciences
Cannabis-oriented compliance technology provider, Akerna (NASDAQ:KERN) has acquired Viridian Sciences.
However, the terms of the deal remained undisclosed.
The deal gives Viridian's 30+ clients access to Akerna's "Compliance Gateway," as well as its MJ Platform and MJ Retail Point of Sale Solutions.
Akerna CEO Jessica Billingsley explained that "by leveraging our tech synergies, we solidify our ecosystem offering the first and only true ERP software solution specifically built for the cannabis industry."
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A.G.P./Alliance Global Partners advised Akerna on the transaction, and Dorsey & Whitney LLP provided legal counsel.
"By combining Viridian's financial integrations with Akerna's compliance and regulatory solutions, we continue to strengthen our channel connections with existing ERP providers for the cannabis businesses of today and the post-legalized world," Billingsley disclosed.
Akerna struck several acquisition deals last year amid a coronavirus outbreak, when many of its industry peers opted to either postpone or put an end to potential merger and acquisition plans.
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