UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 2, 2019
| AKERNA CORP. |
| (Exact name of registrant as specified in its charter) |
| Delaware | 333-228220 | 83-2242651 | ||
|
(State or other jurisdiction
of incorporation) |
(Commission File Number) |
(IRS Employer
Identification No.) |
| 1601 Arapahoe St., Denver, Colorado | 80202 | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (888) 932-6537
| Not Applicable |
| (Former name or former address, if changed since last report) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
| Common Stock, par value $0.0001 per share | KERN | NASDAQ Capital Market | ||
| Warrants to purchase one share of Common Stock | KERNW | NASDAQ Capital Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 8.01. | Other Events |
On July 2, 2019, Akerna Corp. announced that its wholly-owned subsidiary MJ Freeway LLC, will begin serving clients in two additional countries, Italy and Macedonia.
A copy of the press release announcing the foregoing is filed as Exhibit 99.1 hereto and is incorporated by reference.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit | ||
| Number | Description | |
| 99.1 | Press Released, dated as of July 2, 2019. |
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| Dated: July 2, 2019 | AKERNA CORP. | ||
| By: | /s/ Jessica Billingsley | ||
| Name: | Jessica Billingsley | ||
| Title: | Chief Executive Officer | ||
2
Exhibit 99.1
Akerna Corp. Adds to International Expansion with New Cannabis Clients in Europe; Opens Colombian Office
Compliance Technology Increases Footprint to Five European Countries with Clients in Italy and Macedonia
Denver, CO – July 2, 2018 – MJ Freeway LLC (“MJ Freeway”), a wholly owned subsidiary of Akerna Corp. (NASDAQ: KERN) (“Akerna” or the “Company”), a regulatory compliance technology company in the legal cannabis space, expands further into Europe by serving clients in two additional countries, Italy and Macedonia.
“We believe it is imperative for countries with emerging cannabis businesses such as Italy and Macedonia to have access to our compliance technology,” says Jessica Billingsley, CEO of Akerna and MJ Freeway. “By giving governments, businesses, and consumers the tools needed to productively manage regulatory demands, we are able to execute our plan to connect data points across the global cannabis supply chain.”
Macedonia is one of the few countries in the world to approve medical cannabis for cultivation and export. Italy has significantly increased its hemp production to serve its growing domestic market for industrial products and infusing in cosmetics and other consumer goods. As a result of the expansion into Italy and Macedonia, MJ Freeway has increased its footprint to five European countries including Spain, Switzerland and Denmark. The new clients are cultivation operators who have chosen to run their businesses with MJ Platform ® , an enterprise resource planning compliance and inventory management technology platform.
MJ Freeway has recently opened a Medellín, Colombia office to serve its growing footprint in South America. Clever Leaves, a MJ Freeway client, is the first Colombian company authorized to export cannabis into Canada. In addition to Clever Leaves, MJ Freeway’s clients in Colombia are enterprise-scale, multi-national organizations poised to capitalize on the growing global market with approved export licenses.
MJ Platform is available in four languages, and MJ Platform is fundamentally architected with enterprise class language localization to quickly accommodate additional languages as the company continues to expand.
About Akerna Corp.
Akerna is a regulatory compliance technology company in the cannabis space. The cornerstones of Akerna’s service offerings are MJ Platform ® and Leaf Data Systems ® , which are highly-versatile platforms that provide clients and government entities with a central data management system for tracking regulated cannabis products—from seed to product to shelf to customer—through the complete supply chain. Since establishment in 2010, the company has tracked more than $15 billion in cannabis sales. As part of its business strategy, Akerna intends to grow through targeted, strategic acquisitions that are complementary to its current business and organically by accelerating its product development efforts. Akerna is based in Denver.
Akerna Media Contact
Jon Goldberg / McKenna Miller
KCSA Strategic Communications
jgoldberg@kcsa.com / mmiller@kcsa.com
(212) 896-1282 / (347) 487-6197
Investor Contact
Phil Carlson / Scott Eckstein
KCSA Strategic Communications
pcarlson@kcsa.com / seckstein@kcsa.com
(212) 896-1233 / (212) 896-210