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.
Denver-headquartered Akerna did not specify who owns the acquiring company.
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However, Florida-based cannabis software company Alleaves is “participating in the financing of the acquisition,” according to Akerna’s late Friday news release.
“This transaction marks yet another significant milestone for our company and underscores Alleaves’ explosive and continued expansion in the cannabis industry,” Mike Beedles, Alleaves’ CEO and founder, said in the Akerna news release.
In February, Alleaves paid $30 million to buy cannabis software provider BioTrack from Forian.
The new deal to sell Akerna’s software assets is connected to the company’s exit from the cannabis industry in order to merge with Las Vegas-based cryptocurrency business Gryphon Digital Mining, announced in January.
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