Akerna Joins Forces with solo sciences to Create Transparency & Accountability in Response to Recent Vaping Deaths
September 19 2019 - 02:56PM
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 its exclusive
partnership with solo sciences, inc., developer of the world’s
first cryptographically-secure cannabis product authentication
system. Together, they generate an unprecedented level of
transparency and accountability to consumer packaged goods that
drives product safety and consumer protection from counterfeit
products by integrating the patented solo* tech platform with
Akerna’s service offerings--MJ Platform and Leaf Data Systems.
The number of vaping-related casualties and illnesses continue
to rise even weeks after the first headlines. There are now seven
deaths and 380 cases in 36 states and the U.S. Virgin Islands. The
State of California alone has reported 73 suspected cases and is
the only state to record more than one death.
“Product and public safety through reliable traceability drove
the creation of MJ Platform. Cannabis product tracking down to the
gram level provides built-in transparency into the growing,
processing, distribution and selling of cannabis products,” said
Jessica Billingsley, Chief Executive Officer at Akerna. “The
integration of solo sciences’ elevated tagging technology provides
the first robust method for communicating everything we know about
cannabis through our tracking – ingredients, nutrients, additives
and more – to the consumer.
solo sciences’ goal is to protect the entire supply chain, from
seed to shelf, for the brands that have spent millions crafting
products and packaging to the consumers using their products. Solo
sciences mission is to protect the growing population of consumers
and prioritize safety in the marketplace.
Akerna’s MJ Platform and solo*CODE™: integrated
innovative technology for consumers and brands, brings a
consumer-facing mark designed to highlight authenticity and signify
transparency.
- MJ Platform – Akerna’s seed-to-sale system,
provides transparency and accountability throughout the product
lifecycle, capturing every interaction with the plant or product
from cultivation to sales. Visibility is now extended to customers
with the integration of the solo*CODE.
- solo*CODE (a unique graphic ID or “fingerprint” for
each package) – can be directly
integrated into ready-for-sale products, scanned via a free mobile
app available to the public to validate product authenticity and
provide accurate information about the product’s life-cycle while
enabling the consumers to earn rewards across retailers and give
feedback directly to the brand.
- solo* mobile-first, patented tech platform
– leverages the power of today’s mobile devices by
allowing the solo* app to scan the proprietary solo*CODE graphic
mark to create a cryptographically secure closed-loop
authentication system.
Akerna’s Leaf Data Systems and solo*TAG™ – an
innovative, next generation solution for state governments to
securely track product and waste throughout the supply chain. Leaf
Data systems track and trace software provides:
- Real-time data to cannabis cultivators,
infused product producers, dispensaries and collectives; tightly
integrated with solo*TAG.
- More transparency and accountability with Leaf
Data’s closed loop between governments and licensees that
eliminates alternate data collection sources, which reduces error,
improves security and increases accountability. The advanced
technology is also assigned to each plant, batch, inventory item
and provides a chain-of-custody from seed-to-self for detailed
transparency.
- Less cost to licensees through solo science’s
patented solo*TAG, a unique digital fingerprint that eliminates the
need for expensive technologies like holograms and RFID. The
solo*TAG can also cost a fraction of the cost of current tagging
technology, reducing some of the compliance cost burden for
cannabis licensees.
- Mobile capabilities with
solo*TAG being mobile-app enabled, Leaf Data is now the first
mobile-enabled, seed-to-sale government traceability platform for
cannabis businesses and for regulatory bodies.
Leaf Data currently supports state cannabis program operations
that generate $722-million in taxes.The solution provided between
Akerna Corp and solo sciences has recently been selected by the
Utah Department of Health and Department of Agriculture as the
tracking software used statewide for the newly approved medicinal
cannabis program. As part of the deal, all Utah licensees --
retail, wholesale, cultivation and manufacturing -- will be
required to use Leaf Data and solo*TAG for seed-to-sale tracking.
As partners, Leaf Data and solo*TAG ensure the instant traceability
of cannabis products. The move advances state regulations and
ushers in a heightened level of consumer safety.
“Together with Akerna, we have simplified the work regulators
and brands must do to protect consumer health because we have the
ability to follow the product from creation to consumer,” said
Ashesh “Alex” Shah, solo sciences’ founder and CEO. “Akerna's
creation of a transparent supply chain for one of the fastest
emerging markets allows us to create trust in an industry that's
historically been so murky."
To date, solo sciences’ has secured partnerships with 53
cannabis brands and is expected to ship more than 9M encoded units
in 2019. Over the next year, the company plans to expand its reach,
partnerships and packaging operations to become the new standard
for cannabis authentication.
About Akerna Corp. Akerna (Nasdaq: KERN) 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 $16 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.
About solo sciences, incBoston-based solo
sciences provides next-generation anti-counterfeiting technology
fused with a direct communication system between brands and
consumers via solo*, its proprietary technology offerings,
comprised of solo*TAG™ for supply-chain validation, a
consumer-facing solo*CODE™ cryptographically secure trust mark,
solo* mobile app, patented solo*ID®, and AI-driven backend
system.
The solo sciences mission is to build confidence and establish
trust among consumers, while enabling retailers and distributors to
close the loop with creators and producers. For more information,
visit solosciences.com.
Akerna Media ContactJeannette Horton / Kimberly
Brock press@akerna.com
solo sciences Media ContactKayla Abbassi VSC on
behalf of solo scienceskayla@vscconsulting.com
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