Akerna sells cannabis software businesses for $5 million
Akerna Corp. is selling its cannabis software platforms for $5 million in cash to a business called MJ Freeway Acquisition Co., after having backed out of a previous deal for the assets.
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Akerna Corp. is selling its cannabis software platforms for $5 million in cash to a business called MJ Freeway Acquisition Co., after having backed out of a previous deal for the assets.
The U.S. International Trade Commission “ruled definitively” in favor of dozens of vaporizer companies that were accused of patent infringement by Chinese e-cigarette maker Shenzhen Smoore Technology Co.
A “series of cascading failures” was responsible for Dutchie’s e-commerce platform outage that impacted marijuana retailers on 4/20, the company admitted.
Technology platform Dutchie, which provides point-of-sale hardware for cannabis retailers across the United States, reported interruptions and outages on Thursday – the unofficial marijuana holiday 4/20 and one of the biggest sales days of the year in the industry.
Akerna Corp. backed out of an agreement to sell its marijuana software businesses for $4 million to POSaBit Systems Corp. after a new bidder emerged.
U.S. cannabis operators are scrambling to find a new payroll provider after receiving a memo from Paychex advising that the company will no longer process direct deposits or offer other services for marijuana-related businesses.
Vape hardware manufacturer Greentank Technologies closed a Series B financing round worth $16.5 million with an unspecified “strategic investor group” that includes Canadian cannabis producer Organigram Holdings.