Summary: Akerna (Nasdaq: KERN , an enterprise software company, leading compliance technology provider, and developer of the cannabis industry's first seed-to-sale enterprise resource planning software technology, announced it has signed an agreement to acquire Viridian Sciences, a cannabis business management software system built on SAP Business One. This announcement comes on the heels of Akerna's MJ Platform, achieving SAP® certification as integrated with SAP NetWeaver®, last month. The all-stock deal is accretive to revenue and earnings and is expected to contribute positive cash flow. As a result of the acquisition, Viridian's 30+ clients will gain access to Akerna's Compliance Gateway, feature-rich reporting, and the recently launched MJ Retail app. Akerna has partnered with ERP solutions such as SAP and other leading providers for integrated financials & tax planning, offering cannabis operators a solution for each stage of their evolution from startup to multi-state operator -- all while maintaining regulatory compliance through Akerna's Compliance Gateway. The acquisition of Viridian accelerates the deployment of this strategy and establishes Akerna as the only cannabis- compliant SAP Business One offering. "Cannabis operators are quickly becoming a more sophisticated buyer of technology, demanding ERP solutions that scale with their business and also provide the security of multi-state compliance," commented Akerna Chief Executive Officer Jessica Billingsley. "Industry leaders have chosen Viridian for the reliability of SAP Business One and we are excited to bring additional value to the Business One offering through Akerna's more than 80 integrations and broader compliance solution. As we prepare for a post-legalization landscape, Akerna is focused on strengthening our channel connections with existing ERP providers and firmly solidifying our strategic moat as the only scaled cannabis compliance and technology provider." The acquisition is expected to close in April. Akerna has tracked more than $20 billion in cannabis sales to date and is the first cannabis software Company listed on Nasdaq: KERN For more information, visit https://www.akerna.com/ https://greenstocknews.com/news/nasdaq/kern/akerna-to-acquire-viridian-sciences About Green Stock News Green Stock News For the New Green Economy. https://www.greenstocknews.com
