Akerna Exercises Option to Acquire Remaining Stake in solo sciences inc.

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Logo: Akerna

DENVER – Akerna (Nasdaq: KERN), a leading enterprise software and compliance technology provider and developer of the cannabis industry’s first seed-to-sale enterprise resource planning (ERP) software technology (MJ Platform®️), has exercised its option to acquire the remaining 20% of solo sciences inc., upon closing of the option Akerna will own 100% of solo sciences inc. Akerna received shareholder approval to exercise the option in a shareholder vote last month.

“Akerna and solo sciences share a vision to protect consumers from dangerous counterfeit products,” said Jessica Billingsley, chief executive officer, Akerna. “Today, more than one million solo*CODEs have been sold, a major milestone, and another step in our commitment to create the pre-eminent global technology platform, addressing the entire supply chain and its regulatory bodies through accountability and transparency.”

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solo sciences technology surpasses legacy authentication tools by closing the loop between the user and the manufacturer. Each solo*CODE has a unique fingerprint, a solo*TAG, for every package, augmented by the solo* app, which confirms if a product is real or fake. The technology is complementary to Akerna’s MJ Platform ERP system and is driving consumer safety through its anti-counterfeiting technology and alert functionality. Manufacturers that use a solo*CODE™️ proprietary graphic trust mark on their product packaging enable consumers to scan products with the solo* phone app and learn if a product is real or fake and get real-time notifications. Additionally, solo*TAG is an alternative tagging technology to RFID for state tracking systems, where solo*TAG is used by Akerna’s government track and trace software, Leaf Data Systems, to service its contract with the state of Utah.

See how it works: https://hubs.ly/H0lW74R0

Closing of the option is expected to occur on or about July 31, 2020, and is subject to final regulatory approvals and customary closing documentation.


About Akerna
Akerna is a global regulatory compliance technology company. Akerna’s service offerings include MJ Platform®️, Leaf Data Systems®️, solo sciences tech platform and Ample Organics. Since its establishment in 2010, Akerna has tracked more than $18 billion in cannabis sales. Akerna is based in Denver. For more information, please visit www.akerna.com

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