Ebene News – CA – Akerna Flash Report: July 4th weekend is expected to bring in $ 206,000,000 in national cannabis retail sales

DENVER, June 29, 2021 / PRNewswire / – Business intelligence from Akerna (Nasdaq: KERN), an enterprise software, Compliance leader technology provider and developer of the cannabis industry’s first enterprise resource planning (ERP) software technology (MJ Platform®), predicts upcoming July 4th holiday weekend will bring more $ 206,000,000 in legal national cannabis sales

Historical data shows that on the Friday before the weekend of July 4, sales skyrocket, with Friday July 2 expected to sell nearly $ 91,000,000, up 60% from an average Friday This will likely be the second highest selling day of 2021, after 420

“Year over year, we have seen a 23% increase in the number of products consumers and patients buy for the July 4th bank holiday weekend,” said James Ahrendt, architect in business intelligence at Akerna “With the holidays falling on a Sunday this year, clinics should assess staff and prepare inventory before the weekend to ensure they are prepared for these increases in traffic and sales.”

Saturday July 3 is expected to bring in an additional $ 72,000,000 in cannabis sales, and Sunday July 4 is expected to bring in an additional $ 43,000,000 Sunday is historically the lowest selling day of the week, but sales will be still high due to holidays

MJ Freeway is more than software as a service Its flagship solution, MJ Platform, includes Platform Insights Now operators, investors and regulators can access the largest and most statistically relevant database industry to make data-driven business decisions

Akerna (Nasdaq: KERN) is an enterprise software company focused on the compliant service of the cannabis, hemp and CBD industry First launched in 2010, Akerna has recorded more than 20 billion dollars dollars in cannabis sales to date and is the first cannabis software company listed on the Nasdaq The company’s core technology, the MJ Platform, the world’s leading infrastructure as a service platform, powers retailers, manufacturers, brands, distributors and growers

Flash Report is an overview of buying trends in the cannabis market as captured by Akerna’s MJ Freeway subsidiary

MJ Freeway provides operators with the MJ Platform, the industry-leading solution for regulatory compliance technology, from Seeding to Do-It-Yourself Some instances of the Flash Report may include business information derived from the Akerna family of companies including Ample Organics, Leaf Data Systems, solo sciences, Trellis and Viridian Sciences

Data is derived from MJ Platform, the leading provider of cannabis compliance software for the marijuana industry Sales projections are based on market adjustment calculations and represent the entire US market in as an aggregate

Report data is obtained from operators using Akerna’s MJ platform solutions Akerna has one of the largest seed footprints for sale in the cannabis industry, operating in 15 countries and 23 US States including Pennsylvania, Oklahoma, Puerto Rico, Arizona, California, Utah, Michigan, Colorado, Montana, Nevada, Maine, Vermont, New Mexico, Missouri, Texas, Ohio, Maryland, Washington DC, Kansas, Arkansas, New York

The increases are relative to the previous period Additional business intelligence data sources may include proprietary tools used by the Akerna family of companies

Certain statements made in this press release are “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995 When used in this press release, the words “estimates “,” Foresee “,” expect “,” anticipate “,” foresee “,” plan “,” intend “,” believe “,” research “,” may “” will “,” should “,” future “,” propose “and variations of such words or similar expressions (or negative versions of such terms or expressions) are intended to identify forward-looking statements. These forward-looking statements include, without limitation, statements concerning the ability of the MJ platform team to help operators make decisions through analytics and reports These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of ‘Akerna, which could cause actual results or results to differ materially from those discussed in the forward-looking statements Important factors, among others that may affect actual results or results, include (i) Akerna’s ability to maintain relationships with customers and suppliers and to retain its management and key employees, (ii) changes in applicable laws or regulations, (iii) changes in markets due to the coronavirus pandemic or other factors market, (iv) and other risks and uncertainties disclosed from time to time in the documents filed by Akerna with the US Securities and Exchange Commis tion, including those mentioned under “Risk Factors” You are cautioned not to place undue reliance on forward-looking statements All information contained herein is valid only as of the date hereof, in the case of information about Akerna , or the date of such information, in the case of information from persons other than Akerna Akerna assumes no obligation to update or revise the information contained in this document. Akerna’s forecasts and estimates regarding the industry and end markets are based on sources believed to be reliable; however, there can be no assurance that such forecasts and estimates will prove to be accurate in whole or in part

420 Day, Independence Day, Cannabis, Holiday

Ebene News – CA – Akerna Flash Report: July 4th weekend is expected to bring in $ 206,000,000 in national cannabis sales by retail

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