Akerna Appoints Ashesh C. Shah to its Board of Directors
September 26 2019 - 2:57PM
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®), announced today it appointed Ashesh (Alex) C. Shah,
the Founder and CEO of solo sciences, to the Board of
Directors.
“Alex shares Akerna’s drive for innovation that generates client
solutions. He revolutionized how cannabis products are marked and
tracked and extended that insight to the consumer. I look forward
to working with him in this new capacity as we drive towards
transparency and accountability across the supply chain,” stated
Akerna Chief Executive Officer Jessica Billingsley.
Since June 2019, Alex served as Akerna’s technology advisor,
sharing his expertise as the founder of solo sciences, a leading
anti-counterfeiting and supply chain validation company he
established in December 2017. His company is also an integration
partner with Akerna’s service offerings—MJ Platform and Leaf Data
Systems—providing solo’s cryptographically secure mark that provide
greater transparency and accountability across the supply
chain.
Alex has 28 years-experience building, integrating, and leading
technology-focused companies from concept to IPO and led successful
exits across a range of sectors, including loyalty, category
management, data analytics, high-performance computing, payment
processing, HR tech, CPG, AI and fashion. His continued focus on
IP-rich technology with a clear path to commercialization enables
him to help accelerate Akerna’s organic and inorganic growth
strategies.
Alex also founded The London Fund and continues to serve on its
investment committee. From 2013 to 2017, he was a co-founder, Head
of Corporate Development and CFO of Good&Co, Inc., and, in June
2018, he was appointed Special Advisor to the CEO of Eaze
Technologies, Inc. That same year he joined the board of EdCast.
Additionally, Alex remains on the board of RevolutionWear, Inc., a
company he co-founded in 2010. He holds patents in intellectual
property, licensing, consumer loyalty, couponing, and payment
technology. Alex holds a bachelor’s degree in political economy
from Williams College.
Alex joins the Board to fill a vacancy created by the departure
of Doug Rothschild. “As a member of MTech, Doug was
instrumental in our merger efforts in providing counsel that shaped
our shared direction during the merger and our initial days as a
public entity. I am grateful for his guidance and leadership during
this milestone chapter in Akerna’s history,” commented
Billingsley.
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
approximately $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.
Forward-Looking StatementsCertain 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.
Akerna Media ContactJeannette Horton / Kimberly
Brockpress@akerna.com
Investor Contact Jason Assad Akerna Investor
Relations IR@akerna.com (678) 570-6791
solo sciences Media ContactKayla AbbassiVSC on
behalf of solo scienceskayla@vscconsulting.com
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