Business
Cannabis software firm Akerna closes $10 million public offering
Cannabis technology company Akerna closed a public offering of shares and share purchase warrants, raising gross proceeds of roughly $10 million for debt servicing and other other purposes.
The Denver-based producer of marijuana industry software, including MJ Freeway, announced the underwritten public offering last week.
The company is pursuing a financial restructuring plan amid a going-concern warning.
Net proceeds from the $10 million offering will be used “for general corporate purposes, including servicing our ongoing debt obligations under our convertible notes, working capital, marketing, product development and capital expenditures,” Akerna said in a late Tuesday news release.
Akerna shares trade on the Nasdaq exchange as KERN.
Source: https://mjbizdaily.com/cannabis-software-firm-akerna-closes-10-million-public-offering/