Akerna Names Alex Shah CTO
November 27 2019 - 8:15AM
Akerna Corp. (Nasdaq: KERN), a leading cannabis compliance
technology provider and developer of the cannabis industry’s first
seed-to-sale enterprise resource planning (ERP) software technology
(MJ Platform®), has named Ashesh C. Shah (Alex), chief technology
officer (CTO). As CTO, Alex will leverage his more than 20 years of
expertise in IP, licensing, consumer loyalty, couponing and payment
technology, category management, data analytics, and AI to help
Akerna set the new industry standard for supply accountability and
transparency.
“One of our primary initiatives here at Akerna will always be to
lead through innovation. Having a proven technology veteran like
Alex as our CTO is expected to help us do just that, further
helping us build upon recent operational momentum. His familiarity
with our company and technology, both as a former board member and
the founder of solo sciences, makes him ideally suited for this new
and more hands-on role,” said Jessica Billingsley, chief executive
officer, Akerna. “I look forward to working with him as we together
focus on executing our technology vision and goals as we enter
2020.”
Shah previously served on Akerna’s board of directors. Shah will
remain CEO of solo sciences, a recognized leader of patented
anti-counterfeiting and consumer engagement technologies. Akerna
announced it had taken a majority stake in the company on November
26, 2019.
“Cannabis continues to be one of the fastest-growing industries.
Explosive growth can come with inherent risks if not approached the
right way,” said Alex Shah. “What we’re doing at Akerna is exciting
because, through our technology, we empower the consumer by
fostering regulatory compliance and transparency. Our technology
uniquely results in the creation of consumer trust in the products
they are buying, ensuring they are safe and can be traced back to
the source.”
The appointment is effective upon the closing of Akerna’s deal
to take a majority stake in solo sciences.
About Akerna:
Akerna is a global regulatory compliance technology company in
the cannabis space. Akerna’s service offerings include MJ
Platform®, Leaf Data Systems®, and solo sciences tech platform.
Since its establishment in 2010, the company has tracked more than
$16 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.
Forward-Looking Statements
Certain statements made in this release and in any
accompanying statements by management 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,”
“projected,” “expects,” “anticipates,” “forecasts,” “plans,”
“intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,”
“propose” and variations of these words or similar expressions (or
the negative versions of such words or expressions) are intended to
identify forward-looking statements. These forward-looking
statements are not guarantees of future performance, conditions or
results, and involve a number of significant known and unknown
risks, uncertainties, assumptions and other important factors, many
of which are outside Akerna’s control, that could cause actual
results or outcomes (including, without limitation, the results of
Akerna’s contracts, strategic initiatives, and business plans as
described herein) to differ materially from those discussed in the
forward-looking statements. Important factors, among others, that
may affect actual results or outcomes include (i) Akerna’s ability
to recognize the anticipated benefits of being a public company,
(ii) competition, (iii) Akerna’s ability to grow and manage growth
profitably, (iv) Akerna’s ability to maintain relationships with
customers and suppliers and retain its management and key
employees, (v) costs related to being a public company, (vi)
changes in applicable laws or regulations, (vii) Akerna’s ability
to identify and integrate acquisitions and achieve expected
synergies and operating efficiencies in connection with acquired
businesses, (viii) and other risks and uncertainties disclosed from
time to time in Akerna’s filings with the U.S. Securities and
Exchange Commission, including those under “Risk Factors”
therein. Actual results, performance, or achievements may
differ materially, and potentially adversely, from any projections
and forward-looking statements and the assumptions on which those
vary from forward-looking statements are based. There can be no
assurance that the data contained herein is reflective of future
performance to any degree. You are cautioned not to place undue
reliance on forward-looking statements as a predictor of future
performance as projected financial and other information, are based
on estimates and assumptions that are inherently subject to various
significant risks, uncertainties and other factors, many of which
are beyond Akerna’s control. All information herein speaks 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 undertakes no duty to update or revise
the information contained herein. Forecasts and estimates regarding
Akerna’s industry and end markets are based on sources believed to
be reliable; however, there can be no assurance these forecasts and
estimates will prove accurate in whole or in part.
Media
Contact: |
Investor Contact: |
D. Nikki Wheeler |
Jason Assad |
303-514-2012 |
678-570-6791 |
Nikki.Wheeler@Akerna.Com |
Jason.Assad@Akerna.Com |
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