Viridian Capital Advisors, a leading financial advisory firm in the legal cannabis industry, is please to announced the sale of its client, 365 Cannabis (the ”Company”) to Akerna (Nasdaq:KERN) (“Akerna”), a leading cannabis enterprise software company.

Viridian Capital Advisors, through broker-dealer, Bradley Woods & Co., acted as exclusive M&A advisor to 365 Cannabis.

365 Cannabis is a cannabis ERP and business management software system built on Microsoft's Dynamics 365 Business Central. The acquisition combines Akerna's compliance gateway and feature-rich reporting with 365 Cannabis' Microsoft ERP solution to create the cannabis sector's most complete portfolio of tax, financials, operations, reporting, and compliance systems, crucial to scale as the industry grows and matures.

The combined complementary key capabilities of Akerna and 365 Cannabis will:

• Add the most robust cannabis-compliant Microsoft ERP on the market, establishing Akerna as the broadest portfolio of technology solutions provider for cannabis operators with a majority of the mainstream mid-market to enterprise finance, inventory, and operations solutions.
• Offer cannabis operators a seamless solution from startup to multi-state operator while maintaining regulatory compliance every step of the way through Akerna's compliance gateway
• Give 365 Cannabis' 85+ customers, including Pharmacann, Nectar, Revolution, Sundial, and Kiaro, access to Akerna's compliance gateway, feature-rich reporting, MJ Retail POS, and the recently launched Akerna Connect.