Denver-based Akerna, a cannabis technology compliance provider, on Monday reported revenue of approximately $11 million for its fiscal year.
Net loss for fiscal 2019 totaled $12.3 million compared with a net loss in fiscal 2018 of approximately $2.5 million.
Akerna, which is the result of a merger between MTech and MJ Freeway, trades on the Nasdaq under KERN.
The company had $21.9 million in cash as of June 30.
More details on Akerna’s financial results can be found here.
Meanwhile, Akerna CEO Jessica Billingsley will be talking later this week in an exclusive webinar with Marijuana Business Daily’s Investor Intelligence.
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