Akerna Announces Sale of Software Business to MJ Freeway Acquisition Co, Coinciding with Merger with Gryphon Digital Mining

Akerna to sell its cannabis software business, including MJ Platform and Leaf Data Systems, to MJ Freeway Acquisition Co in a $5 million cash transaction; Alleaves participating in the financing of the acquisition; closing to coincide with previously announced Gryphon Digital Mining merger DENVER, April 28, 2023 (GLOBE NEWSWIRE) -- Akerna Corp. (“Akerna”) (Nasdaq: KERN) today announced that simultaneous to its merger with Gryphon Digital Mining, Inc. (“Gryphon”), Akerna will sell its software business to MJ Freeway Acquisition Co (“MJ Acquisition Co”). Alleaves, Inc., (“Alleaves”), a provider…

Gryphon Digital Mining to Present at the Ladenburg Thalmann Tech Expo 2023

Gryphon will be presenting at 12:30 pm (ET), Thursday April 27th, 2023DENVER, April 26, 2023 (GLOBE NEWSWIRE) -- Gryphon Digital Mining a private company with a leading net carbon neutral bitcoin miner with a proposed merger with Akerna Corp (NASDAQ: KERN), will present at the Ladenburg Thalmann Technology Expo 2023 in New York on April 27th at 12:30 pm ET. CEO Rob Chang will be providing an update on the proposed merger and highlight Gryphon’s industry leading operating performance. Presentation Time: 12:30 pm ET Date: Thursday, April 27th, 2023 Location: Convene, 101 Park Avenue, New York…

Akerna Receives Superior Acquisition Proposal, Terminates Agreement with POSaBIT

DENVER, April 07, 2023 (GLOBE NEWSWIRE) -- Akerna (Nasdaq: KERN), an emerging technology firm, announces that it has received an unsolicited acquisition proposal that Akerna’s Board has determined is a superior offer, from an undisclosed company, for Akerna’s software business. As a result and in accordance with their fiduciary duties, the Board approved the termination of the agreement for the sale of its software business to POSaBIT. Akerna’s Board of Directors carefully evaluated the confidential, unsolicited acquisition proposal and consulted with financial and legal advisors in making its…

Akerna Announces Financial Results for Fourth Quarter and Full Year 2022

DENVER, March 21, 2023 (GLOBE NEWSWIRE) -- Akerna (Nasdaq: KERN), an emerging technology firm, today reported its unaudited financial results for the fourth quarter, ended December 31, 2022. Key Developments: Akerna completed the sales of its 365 Cannabis and Last Call Analytics business units in January 2023 for combined consideration valued at approximately $2.9 millionAkerna announced a proposed merger with Gryphon Digital Mining and the simultaneous proposed sale of its non-enterprise software business to POSaBIT on January 27, 2023Gryphon, a leading net carbon neutral bitcoin miner, will…

Akerna Provides Update on Recently Announced Transactions

DENVER, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Akerna (Nasdaq: KERN), an emerging technology firm, announces further details and next steps on the recently announced transactions with POSaBIT and Gryphon Digital Mining. Akerna and Gryphon are dedicated to providing a seamless transition for the benefit of their combined stakeholders, including the following insights into the new business and its key business metrics. Further Transaction Details and Anticipated Timeline:It is anticipated that Akerna will file an S-4 within 40 days which will include more information on the two concurrent…

Akerna Regains Compliance with NASDAQ Continued Listing Requirements

DENVER, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Akerna (Nasdaq: KERN), an emerging technology firm, today announced that the company has received confirmation from The Nasdaq Stock Market LLC (“Nasdaq”) that it has regained compliance with the minimum bid price requirement of $1.00 per share under Nasdaq Listing Rule 5550(a)(2) and currently meets all other applicable criteria for continued listing. On May 24, 2022, Staff of Nasdaq notified the Company that its common stock failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by the Listing Rules…

Akerna Corp. Announces Merger with Gryphon Digital Mining and Sale of Software Business to POSaBIT

Gryphon Digital Mining, a privately held bitcoin mining company, to merge with Akerna in an all-stock transaction that will advance Gryphon’s leading ESG-committed, carbon neutral bitcoin mining business Akerna to sell its cannabis software business, including MJ Platform and Leaf Data Systems, to POSaBIT in a $4 million cash transaction DENVER, Jan. 27, 2023 (GLOBE NEWSWIRE) -- Akerna Corp. (“Akerna”) (Nasdaq: KERN) today announced it will merge with Gryphon Digital Mining, Inc. (“Gryphon”) in an all-stock deal. Simultaneously with the closing of the merger with Gryphon, Akerna will sell its…

Akerna Corp. Announces Sale of 365 Cannabis

Akerna’s sale of 365 Cannabis to 365 Holdco LLC closed today January 11. Akerna received consideration for 365 with an aggregate value of approximately $2.8 million. DENVER, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Akerna (Nasdaq: KERN) today announced its sale of 365 Cannabis to 365 Holdco LLC (“365 Holdco”). The sale was completed pursuant to the terms and conditions of stock purchase agreement by and between Akerna and 365 Holdco (the “SPA”) entered into by the parties on January 11, 2023. Under the terms of the SPA, as consideration for the sale of all of the outstanding shares of common stock of…

Pass the Pre-Rolls, Please: Thanksgiving Holiday Cannabis Sales See Double-Digit Year-Over-Year Growth

Cannabis sales for the Thanksgiving holiday were up 12% YoY, Green Wednesday on track to become the second highest cannabis sales day of 2022 with a staggering $116.4M in single day sales, showing 16% increase YOYDENVER, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Business intelligence from Akerna (Nasdaq: KERN), a leading enterprise software company and the developer of the most comprehensive technology infrastructure, ecosystem, and compliance engine powering the global cannabis industry, delivered data showing that Green Wednesday and Black Friday are on track yet again to become the second- and…

Akerna Announces Financial Results for Third Quarter 2022

Software revenue increases 17% for Q3 and 39% for the year-to-dateDENVER, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Akerna (Nasdaq: KERN), a leading enterprise software company and developer of one of the most comprehensive technology infrastructures, ecosystems, and compliance engines powering the global cannabis industry, today reported its unaudited financial results for the third quarter, ended September 30, 2022. “We continue to focus our resources on building a stable and sustainable financial model at Akerna, and we are well-positioned for future growth,” said Jessica Billingsley, CEO of Akerna…