Akerna Announces Key Partnership With Isolocity Enabling First GMP-Compliant, Global Cannabis Export Technology Solution
August 27 2019 - 9:45AM
Akerna Corp. (Nasdaq: KERN), a leading seed-to-sale regulatory
compliance technology provider and developer of the cannabis
industry’s first enterprise resource planning (ERP) software
technology – MJ Platform®, announced today a strategic partnership
with Isolocity. The partnership provides the first GMP-compliant,
global cannabis export technology solution by integrating
Isolocity’s industry-leading quality management system (QMS),
supporting GMP and ISO 9001 compliance, into MJ Platform.
This partnership enables cannabis enterprises to
pursue international expansion by providing a QMS framework that
supports local and national compliance needs. Canadian cannabis
firms can legally export medical cannabis provided their facilities
comply with Good Manufacturing Practice (GMP) standards. By
leveraging Isolocity’s QMS, MJ Platform supports GMP certification
requirements, including the stricter EU-GMP standard required for
the export of medical cannabis into Europe and Asia.
“Cannabusiness in Canada continues to grow
rapidly, with edibles becoming legal this October and international
exports increasing. We believe international trade will expand
further as legalization continues globally, inevitably creating
more reporting requirements. Implementing the necessary systems now
with MJ Platform and Isolocity places enterprises in a strong
position to pursue scalable international growth,” stated Akerna
Chief Executive Officer Jessica Billingsley.
With this integration, Akerna offers the only
single source solution centralizing GMP certification efforts
across state or international borders, conducting gap analysis—the
first step in the GMP process; data integrations for seamlessly
managing GMP and GPP documentation and SOPs; and preparing for
audits and inspections across multiple locations and jurisdictions.
Isolocity also provides a complete front-to-back solution for ISO
9001 compliance and includes planning with HACCP and PFMEA for risk
management planning.
“The process for all compliance—be it for GMP or
ISO compliance—is naturally complex, duplicative and labor
intensive. Also, managing across territories, states or
international borders generates a web of nuanced requirements that
complicates matters. Our solution of integrating Isolocity and MJ
Platform streamlines operations, saves time, and guides users to
successful compliance, regardless of jurisdiction for the first
time for cannabis enterprises,” stated Chris Budd, Isolocity
Co-founder.
With MJ Platform and Isolocity, users have a
system that automates QMS tasks integrated in a compliant cannabis
workflow, including action reports, document control, risk
management, calibration & maintenance and internal audit
reporting. The integrated MJ Platform and Isolocity system enables
compliance with the following certifications:
- Good Production Practices (GPP)
- Good Manufacturing Practices (GMP)
- International Organization for Standardization (ISO
9001:2015)
- Cannabis Tracking and Licensing System (CTLS) for Canada
- State Track-and-Trace systems for the United States
To talk more about these benefits and
opportunities, the Akerna team is participating at this year’s
MJBizCon Int’l, held in Toronto September 4-6:
Akerna CEO Jessica Billingsley will join
Marijuana Business Daily Managing Editor Roger Fillion and Glenn
Sammis, Complex Biotech Discovery Ventures Scientific Advisor, on
Friday, September 6 from 12:30-1 for a panel discussion on “Using
Data Analytics to Optimize Your Cannabis Operations.” The session
is an opportunity to dig into big data, explore how data can impact
your operations regardless of size and discuss how data trends can
lead to more effective planning, especially for swell periods like
4/20. The session will be held in Room 715.
Akerna|MJ Platform team members will also be on
the Expo Floor demoing MJ Platform. Stop by booth #204, right at
the floor entrance, to learn more about how MJ Platform can support
your operations and get a hands-on demonstration. The Expo Floor is
open 10am -7pm on Day 1 and 10am-3pm on day two.
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 across 14 countries and has
served clients in 29 states across the U.S. 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. More information is available online at
www.akerna.com.
Akerna Media ContactJon
Goldberg / McKenna MillerKCSA Strategic
Communicationsjgoldberg@kcsa.com / mmiller@kcsa.com(212) 896-1282 /
(347) 487-6197
Investor ContactPhil Carlson /
Scott EcksteinKCSA Strategic Communicationspcarlson@kcsa.com /
seckstein@kcsa.com(212) 896-1233 / (212) 896-2100
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