Denver-based Akerna, a cannabis technology compliance provider, on Monday reported revenue of approximately $11 million for its fiscal year.
The revenue figure for its fiscal year ended June 30 was 4.2% higher during the same period in 2018.
Net loss for fiscal 2019 totaled $12.3 million compared with a net loss in fiscal 2018 of approximately $2.5 million.
The company had $21.9 million in cash as of June 30.
More details on Akerna’s financial results can be found here.
Meanwhile, Akerna CEO Jessica Billingsley will be talking later this week in an exclusive webcast with Marijuana Business Daily’s Investor Intelligence.
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Written by Nick Thomas
Marijuana Business Daily