Jessica Billingsley, Akerna: NASDAQ Listing Opens the Doors to Strategic M&A | Summary and Q&A

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September 25, 2019
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Investing News
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Jessica Billingsley, Akerna: NASDAQ Listing Opens the Doors to Strategic M&A

TL;DR

A Qurna is a leading cannabis technology company focused on creating transparency and accountability in the consumer packaged goods supply chain. The CEO discusses the company's Nasdaq listing, future plans, and the importance of data in the cannabis industry.

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Questions & Answers

Q: How does A Qurna differentiate itself from other companies in the cannabis industry?

A Qurna stands out by creating a transparent and accountable supply chain through seed-to-sale tracking. It has tracked over $16 billion in legal cannabis sales and collects more data points than any other company in the industry.

Q: What impact did the Nasdaq listing have on A Qurna's growth plans?

The listing provided the capital and currency for A Qurna to pursue mergers and acquisitions and position itself as the leading cannabis technology company globally. It allows them to execute their growth strategy and continue to show good business fundamentals.

Q: How does A Qurna ensure compliance and regulation in the cannabis industry?

A Qurna's technology enables regulation, compliance, and taxation in the industry. Their seed-to-sale tracking system provides complete transparency, allowing businesses to trace the entire supply chain of cannabis products, ensuring accountability and meeting regulatory requirements.

Q: Are there plans to expand A Qurna's technology to other industries, such as food or topicals?

While A Qurna is already involved in verticals like hemp CBD and has consulted for other industries, their primary focus is on meeting the growing needs of the cannabis industry. However, they remain open to exploring opportunities in other industries as well.

Summary & Key Takeaways

  • A Qurna is a cannabis technology company that pioneered seed-to-sale tracking in the cannabis industry, operating in 14 countries and 29 US states.

  • The company recently listed on the Nasdaq, providing capital and the platform for strategic mergers and acquisitions to accelerate growth.

  • The CEO sees potential for more ancillary companies on major listings, but legal changes between federal and state regulations need to occur.

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