12.60 -0.34 (-2.63%)
After hours: 5:49PM EDT
|Bid||12.30 x 1100|
|Ask||12.90 x 1000|
|Day's Range||12.34 - 14.50|
|52 Week Range||9.41 - 72.65|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Seed-to-sale compliance technology company Akerna Corp. (NASDAQ: KERN) will use its MJ Platform, the first of its kind resource planning software for the industry, in partnership with Leafly. The partnership aims to allow dispensaries to provide automatic updates onto Leafly.com. Leafly, one of the leading names in the cannabis media space, will allow visitors to see what their favorite stores and locations have in stock and what prices are set at.
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) technology - MJ Platform®, and Leafly, the world’s leading source for consumers to find cannabis, have partnered to provide seamless and real-time data updates. “MJ Platform is the cannabis industry’s first ERP software and through partnerships, such as the one with Leafly, we provide a leading compliance, technology platform across the entire supply chain that connects almost every data point,” said Jessica Billingsley, Akerna Chief Executive Officer.
Akerna (NASDAQ:KERN) is the the latest Cannabis company to go public. It just made its debut on the Nasdaq Composite about a month ago. If you haven't heard about it yet, you will soon. That's because there is a very valuable lesson to be learned from KERN.Source: Shutterstock I think a great way to invest in the cannabis markets is through the ancillary companies. It's what I call the Levi Strauss (NYSE:LEVI) model. Mr. Strauss was an unsuccessful Gold Miner who realized that it is better to sell things, like jeans, to miners than to be a miner. Very few miners were successful, but regardless of whether a miner had found gold, they still needed to buy things like picks, shovels and jeans. The idea was to not be a miner. It is to be the person who sells things to the miners.KERN is an ancillary company to the cannabis industry. It makes compliance software, and whether a cannabis company is successful or not, they will still need this type of software.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBecause it is such a newly publicly traded company, I have not yet had sufficient time to study the fundamentals and am not ready to make an informed opinion on KERN's future prospects. But as a veteran trader, I saw an obvious lesson and that is what I wanted to talk about. * 7 Restaurant Stocks to Put on Your Plate The lesson is in the reversal day that recently occurred.In markets, prices are always doing three things: They are going up, going down or staying the same. When prices are rising, the forces of demand are in control. If prices are going lower, the forces of supply are in control. When markets are trading sideways or are flat, the forces of supply and demand are equalized.A reversal day or reversal pattern illustrates the changing of leadership. In the case of KERN, we had a classic reversal day on June 20. The stock has lost about 50% of its value since then. Understanding the KERN Stock Charts Click to EnlargeThe first chart is KERN on June 20. In the morning, the forces of supply were clearly in control. The stock opened $10 higher than the previous day's close and by noon it was trading above $70. Then around 1:30 p.m., the demand dried up, and the forces of supply took over. They drove the stock price back down below where it opened and it closed near the lows of the day.It also closed below the previous day's closing price. This is an important part of a reversal day because it shows that the trend is changing. If it had closed above the previous close, then it would still be in an uptrend. Click to EnlargeNext, we have a one month chart of KERN stock for a broader perspective. I like to use candlesticks on my charts because I think it is easier to see patterns like we have here.Each day is considered a candle. If the stock closes above the opening price it is blue. The bottom of the candle is the opening price and the top of the candle is the close. If the stock closes below the opening price, it is red with the top being the opening price and the bottom of the candle the close.The highs and lows of the day, as opposed to the open and close, are shown by the little lines that are above and below the candles which are known as "wicks."With some practice, different types of patterns can be easily recognized. There are numerous candle stick patterns and formations that have names. The two-day pattern that formed over June 19 and 20 is called a "Dark Cloud Cover". This is considered a bearish reversal pattern. It certainly was in this case. * 10 Best Stocks to Buy and Hold Forever It really isn't important to know what these names are. What is important is to be able to understand what they are illustrating. In this case, we can see that in the week leading up to June 20, the buyers were in control. On each day, the closing price was higher than the opening price. Then, on June 20, the buyers ran out of steam. Around midday, the sellers took over and have been driving KERN lower since.Being able to recognize reversal patterns is not difficult if you understand the dynamics that are being illustrated. The recent action in KERN stock can teach you a valuable lesson.As of this writing, Mark Putrino did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best Stocks to Buy and Hold Forever * 10 Small-Cap Stocks That Look Like Bargains * 10 Names That Are Screaming Stocks to Buy The post The Trading In Akerna Stock Is Teaching Us a Valuable Lesson appeared first on InvestorPlace.
Akerna Corp (NASDAQ: KERN), a regulatory compliance technology company in the cannabis industry, on Tuesday confirmed an expansion in Europe. The company was born out of the merger of MTech and MJ Freeway. Akerna said its MJ Freeway business will now serve clients in Italy and Macedonia.
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.
Akerna Corp. (NASDAQ: KERN) (“Akerna” or the “Company”), a regulatory compliance technology company in the state-legal cannabis space, announced today it expects Americans will spend more on cannabis this Fourth of July than chicken for their BBQs. According to Akerna, Fourth of July-week (June 28 – July 4) cannabis sales are expected to increase by 80% compared with an average week, ringing in approximately $450 million in total sales nationally. Akerna expects 2019 Independence week holiday sales will start to increase on Friday, June 28, realizing double the sales of an average Friday.
Up nearly 400% in two days, this one-of-a-kind cannabis-software company has a great concept, but looks to be a terrible investment.
Investors, meet Akerna (NASDAQ:KERN), the newest marijuana stock to hit the market. Akerna is fundamentally different from many other marijuana stocks in two important ways. One, it's a U.S. company, whereas most pot stocks are Canadian ventures. Secondly, Akerna isn't a cannabis producer; it's a cannabis-technology company.Given those novelties, investors have rushed into KERN stock to gain a different type of exposure to the continuous-growth cannabis market. That's why KERN stock has essentially tripled over the past two days.With that in mind, let's now rewind a bit. The legal cannabis industry is poised to grow more quickly than most other markets over the next decade. Investors want exposure to that market. Right now, because we are in the top of the first inning of the cannabis sector's growth, investors' potential exposure to the legal cannabis industry is largely limited to Canadian cannabis producers like Canopy Growth (NYSE:CGC), Cronos (NASDAQ:CRON), Aurora (NYSE:ACB), and Tilray (NASDAQ:TLRY). Simply put, the biggest players in the cannabis space are producers, and pot still isn't legal in all of the U.S.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 Against that backdrop, Akerna's plunge into the public market is very interesting. A U.S.-based, cannabis technology company, KERN is the first of its kind to go public. And, because investors desperately want diverse exposure to the cannabis market, KERN stock has been a home-run hit ever since making its Wall Street debut.How did Akerna make it to the public market? Will the hype of KERN stock continue? Most importantly, is Akerna stock worth buying today? Let's answer those questions and more by taking a deep look at KERN stock. What Does Akerna Do?Akerna is a very interesting company that uses big data and technology to develop products for cannabis producers.At present, Akerna is supported by two major businesses. One of those businesses is seed-to-sale technology, which allows regulators and government agencies to track cannabis products from their cultivation to their final sale. This is a very important technology. In fact, it's necessary. Seed-to-sale tracking is required by states such as Washington and California and will likely be mandatory for the global cannabis industry.KERN's other meaningful business is broadly dubbed enterprise resource planning, which essentially involves selling big-data-focused software to cannabis producers and pot-store operators. The software is supposed to help players in the cannabis industry better understand their market and customers, as well as reduce expenses, maximize profit, improve customer relationships, and increase yield.Overall, then, Akerna is a cannabis-tech company which sells important technology solutions to cannabis industry regulators, cannabis producers, and retail cannabis companies. KERN hopes to become the technology backbone of the entire cannabis industry.It's already well on its way to that goal. Akerna's systems are used in 29 of the 33 U.S. states in which cannabis is legal. How Did Akerna Get Here?As mentioned earlier, KERN stock is the first of its kind to go public. Not only is KERN a cannabis-tech company, but it's a U.S.-based cannabis-tech company.KERN stock plunged into the public market through a smart merger and some savvy legal maneuvers.The core of Akerna is MJ Freeway, which is a U.S. technology company that provides the cannabis software solutions described earlier. Importantly, MJ Freeway isn't a cannabis company. It's a cannabis technology company. Because MJ Freeway doesn't deal directly with marijuana, it was able to sidestep the legality question and go public with less complications than cannabis producers.Further, MJ Freeway skipped the whole lengthy IPO process. Instead, MJ Freeway merged with a special purpose acquisition company (dubbed SPAC in Wall Street lingo) that was already public. That SPAC was MTech Acquisition. Thus, through MJ Freeway's merger with MTech Acquisition, the IPO cleared all the legal hurdles, and the combined entity was dubbed Akerna.That happened on June 17. Ever since, KERN stock has essentially tripled. Where Is Akerna Going Next?KERN stock has been a huge hit on Wall Street, mostly because the stock offers investors unique exposure to a non-cyclical growth market, and is supported by a speculative but enticing long-term growth narrative which, in a best case scenario, ends with Akerna being the technology behemoth underlying the $200 billion-plus global cannabis industry.Does that mean it's time to buy KERN stock?No. KERN stock has a lot of potential. But all that potential isn't very certain to materialize and it lacks tangibility. The company reported just $10 million of revenue last year. That's next-to-nothing. To bridge the gap between that $10 million 2018 revenue base and a potential billion dollar revenue base in a decade, a lot needs to happen.At this point in time, that growth isn't visible. It's simply too early to declare Akerna stock a long-term winner in the cannabis-tech space.Over the next several months, KERN will be given the opportunity to more convincingly prove its leadership position and cement itself as a long-term cannabis-tech winner, much like Canopy Growth did in 2018 in cannabis production. If that happens, KERN stock will become worth buying. But, until then, the sidelines are the safest and smartest place to hang out when it comes to Akerna stock. The Bottom Line on KERN StockKERN is exciting because, as a U.S.-based cannabis-tech stock, it's the first of its kind. This novelty is what has propelled KERN stock to a 200% gain in just a few trading days.The long-term bull thesis on KERN stock is promising. But it also lacks visibility and tangibility, meaning that it's still too early to tell whether or not Akerna will turn into a cannabis-tech giant or a bust. As a result, until KERN's outlook becomes more visible and tangible, KERN stock should be avoided.As of this writing, Luke Lango was long CGC and ACB. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 * 5 Boring Stocks to Buy This Summer * 7 S&P 500 Stocks to Buy With Little Debt and Lots of Profits Compare Brokers The post Akerna Stock Offers Investors a New Way to Play the Cannabis Craze appeared first on InvestorPlace.
"This is a wonderful milestone, but it's [only] the beginning," she said in a half-hour exclusive interview with TheStreet's cannabis columnist Debra Borchardt. Akerna provides cannabis companies with software that allows them to track legal weed from "seed to sale." Experts expect the firm's software will help cannabis growers, wholesalers and retailers track their products and comply with government reporting requirements.
Marijuana software company Akerna KERN (KERN) is off to a very positive start with investors after listing on the Nasdaq this week.
NEW YORK, June 20, 2019 -- Akerna Corp. (NASDAQ: KERN, KERNW) (or the “Company”), a regulatory compliance technology company in the cannabis space, today announced its Chief.
To accomplish the feat of becoming the first cannabis-related software stock to list on the Nasdaq, MJ Freeway Chief Executive Jessica Billingsley opted to employ a creative strategy.
Good news for marijuana stocks comes today in the form of Akerna (NASDAQ:KERN) debuting on the public market.Source: Shutterstock Akerna's debut on the Nasdaq doesn't come in the typical way. Instead of going through an IPO, the company used a different method. This had two companies merging together to create the new company.The two companies that are part of this merger were MJ Feeway and MTech Acquisition. With the merger complete, the new company now goes under the name Akerna and is using the KERN stock ticker for its shares.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo how exactly is Akerna connected to marijuana stocks? The company doesn't actually deal in the drug itself. What it does do is create software that legal retailers of the drug can use. This includes ways to track marijuana seeds from planting to final sale.While many marijuana stocks are having trouble making it onto the public markets, KERN was able to do so through its unique acquisition. It also helps that it isn't breaking any laws since it doesn't deal with marijuana directly, reports MarketWatch. * 7 Value Stocks to Buy for the Second Half The split up of KERN stock is between three parties. The first shareholders of MJ Feeway owning 62.7% of the new company. After this its investors of Mtech Acquisition with a 27.7% stake in the company. The final bit of KERN shares belong to a private placement belonging to Mtech.KERN stock was up 71% as of Wednesday morning. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Value Stocks to Buy for the Second Half * 7 Hot Stocks to Buy for a Seemingly Sleepy Summer * 6 Chip Stocks Staring At Big Headwinds in 2019 As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Marijuana Stocks: Akerna (KERN) Stock Soars on Nasdaq Debut appeared first on InvestorPlace.
Akerna, a company that provides compliance software to the cannabis industry, headed to the Nasdaq today under the ticker KERN and the backing of an early Facebook investor. Yahoo Finance's Dan Roberts, Heidi Chung and Myles Udland speak to Akerna CEO Jessica Billingsley.