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:
*Marijuana remains illegal under federal law. The Federal Government does not recognize marijuana to have any medicinal values. Marijuana cultivation, possession, consumption, sales, and distribution are illegal under federal laws and also certain state laws. Please note that there are differences in marijuana laws from one state, county, or city to another.