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MJ Freeway

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uuid0000mr6

Namestring
MJ Freeway
Legal namestring
MJ Freeway LLC
Websiteurl
mjplatform.com
Company typeenum
Private
Founded yearint
2010
Descriptiontext

MJ Freeway, operating commercially as MJ Platform, is a Denver-based cannabis compliance software company founded in 2010 that pioneered the seed-to-sale tracking category for the legal cannabis industry. The company delivers a cloud-based, modular platform covering the full cannabis supply chain: Cultivation (genetics, yield forecasting, cost-of-goods), Manufacturing (extraction and infusion workflows), Distribution (real-time inventory and loyalty automation), Dispensary POS (with transaction-limit safeguards), Delivery (route optimization), and MJ Analytics (business intelligence). State-specific platform variants include Leaf PA for Pennsylvania and Leaf UT for Utah, addressing jurisdictions with bespoke regulatory requirements.

The underlying platform is built on SOC 2 Type 2 compliant cloud infrastructure (TLS/HSTS in transit, AES-256 at rest, MFA, annual penetration testing) and an open API architecture with 150+ integrated partners including Weedmaps, METRC, BioTrack, Isolocity, and OpenTable. The company serves 1,000+ licensed cannabis operators across 33 U.S. states and 14 countries in three languages, tracking over $20 billion in cumulative cannabis sales. In May 2024, MJ Freeway merged with BioTrack under a newly formed parent company, Alleaves, consolidating two of the three largest U.S. cannabis track-and-trace providers by state contracts.

Revenue is generated primarily through recurring SaaS subscriptions sold under tiered Service Level Agreements (Standard, Gold, Platinum, with Platinum offering 99.99% uptime and 1-hour incident response), supplemented by professional services through MJ Freeway Consulting (licensing support, business planning, market entry). The go-to-market blends direct enterprise field sales for multi-state operators, inside sales for mid-market accounts, and self-serve demo evaluation. Approximately $21 million has been raised across three equity rounds (2015, 2017, 2018) from investors including Tao Capital Partners, Cresco Capital Partners, Batu Capital, and Evolution VC Partners. Pricing is not publicly disclosed.

Short descriptiontext

MJ Freeway, operating as MJ Platform, is a Denver-based cannabis compliance SaaS provider founded in 2010, serving 1,000+ licensed cannabis operators across 33 U.S. states and 14 countries with modular seed-to-sale tracking, POS, distribution, delivery, and analytics products.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersDenver, United States
HQ citystring
Denver
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
cannabis compliance software, seed-to-sale tracking, cannabis ERP software, dispensary point of sale, cannabis supply chain
Industry1 code
1Managed File Transfer (MFT) & B2B/EDI Integration
CodeHDAEACAGPrimaryNo
NAICS code1 code
  • Computer Systems Design Services541512
Product category
Cannabis Compliance Software
Social media profiles3 records
GTM motion3 records

Each record includes

Type, Description, Source

Revenue model2 records
1SaaS Subscription Software
TypeSubscription Recurring
Description

MJ Platform generates primary revenue through recurring SaaS subscriptions for its seed-to-sale cannabis compliance software. Multiple service tiers (Standard, Gold, Platinum) offer different uptime guarantees and support levels, with Platinum SLA providing 99.99% uptime and premium incident response times.

mjplatform.com
2Professional Services
TypeProfessional Services
Description

MJ Freeway Consulting provides services for operators seeking to enter new markets, from business planning through license acquisition and operational launch. Additional services include implementation, training, and workflow analysis.

mjplatform.com
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations
Pricing details3 tiers
1Standard Service Level Agreement
ModelSubscriptionBilling cadenceMonthly
Notes

Base tier with standard uptime and support provisions

mjplatform.com
2Gold Service Level Agreement
ModelSubscriptionBilling cadenceMonthly
Notes

Mid-tier with enhanced uptime and priority support

mjplatform.com
3Platinum Service Level Agreement
ModelSubscriptionBilling cadenceMonthly
Notes

Premium tier with 99.99% uptime for production environments, 1-hour incident response, 2-hour target resolution for critical issues

mjplatform.com
GTM typeB2B
B2B
Offering typeSoftware
Software
Brand1 record
1MJ Freeway Consulting
Description

Consulting service within the MJ Platform family that helps cannabis operators obtain licenses, develop business plans, and expand into new markets.

mjplatform.com
Core offering1 text field

MJ Freeway, operating under the MJ Platform brand, provides a cloud-based seed-to-sale cannabis compliance software suite that tracks cannabis products from cultivation through manufacturing, distribution, and retail sale. The platform offers modular functionality including cultivation management, manufacturing workflows, distribution tracking, dispensary POS, delivery management, and business intelligence analytics. The company also offers MJ Freeway Consulting services for licensing and market entry support.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • Tracked $20B+ in cannabis sales across the supply chain
+3 more records
Product overview1 text field

MJ Freeway offers MJ Platform, a unified seed-to-sale cannabis compliance software suite with modular architecture. The platform encompasses core components for the entire cannabis supply chain including Cultivation (for plant genetics tracking and yield forecasting), Manufacturing (for supplier management and extraction workflows), Distribution (for real-time inventory and loyalty programs), Dispensary POS (with mobile tablet functionality), Delivery (with route optimization), and MJ Analytics (for business intelligence). State-specific variants include Leaf PA for Pennsylvania and Leaf UT for Utah. The company also offers professional consulting services and tiered Service Level Agreements (Gold and Platinum) providing differentiated support options from standard to priority incident response with 99.99% uptime guarantees.

Product and service4 records
1MJ Platform
CategoryCannabis Compliance Software
Description

Unified cloud-based seed-to-sale cannabis compliance software managing the entire legal cannabis supply chain from cultivation through retail, with preventative compliance, precise inventory visibility, and streamlined operations.

2Leaf PA (Pennsylvania Platform)
CategoryCannabis Compliance Software
Description

State-specific cannabis compliance and tracking platform for Pennsylvania operators with dedicated support and integration to the state-mandated PA ERP Gateway.

3Leaf UT (Utah Platform)
CategoryCannabis Compliance Software
Description

State-specific cannabis compliance and tracking platform for Utah operators with dedicated support and integration to Utah state regulatory systems.

4MJ Freeway Consulting
CategoryProfessional Services
Description

Professional consulting services guiding cannabis operators through the licensing process, business planning, and market expansion from inception to operational launch.

Scale indicator6 records

Each record includes

Type, Value, Description, Source

Partnership5 partners
Strategic tierFlagshipTypeStrategic or Co-development Partner
Description

BioTrack and MJ Freeway merged under Alleaves parent company in May 2024. The top two and three cannabis track-and-trace companies joined forces under one parent company as states changed requirements for track-and-trace systems.

Strategic tierCoreTypeTechnology or Integration
Description

Integration partnership enabling menu synchronization and order management between MJ Platform and Weedmaps consumer marketplace.

3Pennsylvania ERP Gateway (Leaf Data Systems)
Strategic tierCoreTypeTechnology or Integration
Description

API integration for Pennsylvania state-mandated ERP Gateway compliance reporting. Operators must become certified through PA ERP Gateway to receive API credentials.

support.mjplatform.com
Strategic tierCoreTypeTechnology or Integration
Description

State-mandated track-and-trace integration in Puerto Rico and other jurisdictions. MJ Platform pushes inventory, supply chain, and waste data to BioTrack via API.

5150+ API Partners
Strategic tierCoreTypeTechnology or Integration
Description

Open API ecosystem with over 150 secure API-integrated partners including CRM, delivery, menu, marketing, and finance platforms enabling comprehensive ecosystem connectivity.

support.mjplatform.com
Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Government-mandated cannabis track-and-trace system used by multiple states; merged with MJ Freeway under Alleaves in May 2024. Direct overlap in seed-to-sale compliance functionality and state contract base.

2METRC
TypeDirect peer
Description

State-mandated cannabis tracking system used in many US states (Florida, Colorado, California, etc.). Directly comparable as a track-and-trace platform competing for state contracts and integrations with operators.

TypeDirect peer
Description

Cannabis e-commerce and POS platform serving dispensaries across multiple states. Overlaps with MJ Platform's retail and delivery modules and competes for the same MSO customer base.

TypeDirect peer
Description

Enterprise cannabis retail POS and ERP platform. Directly competes for MSO and multi-location operator accounts against MJ Platform's dispensary and distribution modules.

TypeDirect peer
Description

Cannabis retail management platform for dispensaries with seed-to-sale and compliance features. Comparable in serving cultivation, manufacturing, and retail operators across regulated US states.

6Blaze
TypeDirect peer
Description

Cannabis dispensary POS and retail management software (formed from merger of Greenbits and Trellis). Directly competes with MJ Platform's retail/POS modules for dispensary customers.

TypeDirect peer
Description

Cannabis ERP and distribution software for manufacturers and distributors. Closely overlaps with MJ Platform's manufacturing and distribution modules and serves the same operator segment.

TypeEmerging player
Description

Cannabis cultivation and manufacturing ERP platform. Comparable in serving cannabis operators with seed-to-sale workflows, though focused more narrowly on cultivation and processing verticals.

TypeDirect peer
Description

Cannabis dispensary POS and inventory management platform. Directly competes with MJ Platform's retail/POS offerings for dispensary operator accounts in legal US and Canadian markets.

TypeDirect peer
Description

State-specific cannabis tracking system (Pennsylvania, Utah) that became part of MJ Freeway/Alleaves. Comparable as a state-mandated track-and-trace provider integrated with MJ Platform offerings.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers6 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment6 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
Yes

Docs URL, Description

Integration6 records

Each record includes

Title, Type, Description, Source

AI maturity
App detail

Has app

Feature10 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance1 record

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds3 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors4 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

MJ Freeway

Cannabis Compliance Softwaremjplatform.com

MJ Freeway, operating as MJ Platform, is a Denver-based cannabis compliance SaaS provider founded in 2010, serving 1,000+ licensed cannabis operators across 33 U.S. states and 14 countries with modular seed-to-sale tracking, POS, distribution, delivery, and analytics products.

What MJ Freeway does

MJ Freeway, operating commercially as MJ Platform, is a Denver-based cannabis compliance software company founded in 2010 that pioneered the seed-to-sale tracking category for the legal cannabis industry. The company delivers a cloud-based, modular platform covering the full cannabis supply chain: Cultivation (genetics, yield forecasting, cost-of-goods), Manufacturing (extraction and infusion workflows), Distribution (real-time inventory and loyalty automation), Dispensary POS (with transaction-limit safeguards), Delivery (route optimization), and MJ Analytics (business intelligence). State-specific platform variants include Leaf PA for Pennsylvania and Leaf UT for Utah, addressing jurisdictions with bespoke regulatory requirements.

The underlying platform is built on SOC 2 Type 2 compliant cloud infrastructure (TLS/HSTS in transit, AES-256 at rest, MFA, annual penetration testing) and an open API architecture with 150+ integrated partners including Weedmaps, METRC, BioTrack, Isolocity, and OpenTable. The company serves 1,000+ licensed cannabis operators across 33 U.S. states and 14 countries in three languages, tracking over $20 billion in cumulative cannabis sales. In May 2024, MJ Freeway merged with BioTrack under a newly formed parent company, Alleaves, consolidating two of the three largest U.S. cannabis track-and-trace providers by state contracts.

Revenue is generated primarily through recurring SaaS subscriptions sold under tiered Service Level Agreements (Standard, Gold, Platinum, with Platinum offering 99.99% uptime and 1-hour incident response), supplemented by professional services through MJ Freeway Consulting (licensing support, business planning, market entry). The go-to-market blends direct enterprise field sales for multi-state operators, inside sales for mid-market accounts, and self-serve demo evaluation. Approximately $21 million has been raised across three equity rounds (2015, 2017, 2018) from investors including Tao Capital Partners, Cresco Capital Partners, Batu Capital, and Evolution VC Partners. Pricing is not publicly disclosed.

MJ Freeway firmographics

Firmographics
Name
MJ Freeway
Legal name
MJ Freeway LLC
Website
https://mjplatform.com
Company type
Private
Founded year
2010
Operating status
Operating
Headcount range
51–100 employees
Short description
MJ Freeway, operating as MJ Platform, is a Denver-based cannabis compliance SaaS provider founded in 2010, serving 1,000+ licensed cannabis operators across 33 U.S. states and 14 countries with modular seed-to-sale tracking, POS, distribution, delivery, and analytics products.
Ownership category
akta.pro rank

Where MJ Freeway is headquartered

Location

Headquarters

HQ city
Denver
HQ country
United States
HQ region
North America

Offices1 record

Markets served

MJ Freeway business model

Business model
GTM type
B2B
Offering type
Software
Cost components
Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations

Revenue model

  1. SaaS Subscription Software: MJ Platform generates primary revenue through recurring SaaS subscriptions for its seed-to-sale cannabis compliance software. Multiple service tiers (Standard, Gold, Platinum) offer different uptime guarantees and support levels, with Platinum SLA providing 99.99% uptime and premium incident response times.
  2. Professional Services: MJ Freeway Consulting provides services for operators seeking to enter new markets, from business planning through license acquisition and operational launch. Additional services include implementation, training, and workflow analysis.

Pricing tiers

ModelBillingPrice
SubscriptionMonthlyStandard Service Level Agreement
SubscriptionMonthlyGold Service Level Agreement
SubscriptionMonthlyPlatinum Service Level Agreement

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

MJ Freeway product offering

Product offering

Core offering

MJ Freeway, operating under the MJ Platform brand, provides a cloud-based seed-to-sale cannabis compliance software suite that tracks cannabis products from cultivation through manufacturing, distribution, and retail sale. The platform offers modular functionality including cultivation management, manufacturing workflows, distribution tracking, dispensary POS, delivery management, and business intelligence analytics. The company also offers MJ Freeway Consulting services for licensing and market entry support.

Product overview

MJ Freeway offers MJ Platform, a unified seed-to-sale cannabis compliance software suite with modular architecture. The platform encompasses core components for the entire cannabis supply chain including Cultivation (for plant genetics tracking and yield forecasting), Manufacturing (for supplier management and extraction workflows), Distribution (for real-time inventory and loyalty programs), Dispensary POS (with mobile tablet functionality), Delivery (with route optimization), and MJ Analytics (for business intelligence). State-specific variants include Leaf PA for Pennsylvania and Leaf UT for Utah. The company also offers professional consulting services and tiered Service Level Agreements (Gold and Platinum) providing differentiated support options from standard to priority incident response with 99.99% uptime guarantees.

Differentiator

Problem solved

Functional benefit

Brands

  • MJ Freeway Consulting: Consulting service within the MJ Platform family that helps cannabis operators obtain licenses, develop business plans, and expand into new markets.

Products and services

  • MJ Platform Unified cloud-based seed-to-sale cannabis compliance software managing the entire legal cannabis supply chain from cultivation through retail, with preventative compliance, precise inventory visibility, and streamlined operations.
  • Leaf PA (Pennsylvania Platform) State-specific cannabis compliance and tracking platform for Pennsylvania operators with dedicated support and integration to the state-mandated PA ERP Gateway.
  • Leaf UT (Utah Platform) State-specific cannabis compliance and tracking platform for Utah operators with dedicated support and integration to Utah state regulatory systems.
  • MJ Freeway Consulting Professional consulting services guiding cannabis operators through the licensing process, business planning, and market expansion from inception to operational launch.

Quantifiable outcome

  • Tracked $20B+ in cannabis sales across the supply chain
  • +3 more outcomes

Companies that use MJ Freeway

Customer profile

Named customers6 records

Segments6 records

Ideal customer profiles3 records

MJ Freeway technology and API

Technology

Technology focussed Yes

API detail

Has API
Yes
API docs
API detail

Core technology

AI maturity

App detail

Integration6 records

Feature10 records

MJ Freeway partnerships and signals

Strategic signal

Partnerships

Five partnerships are on record, tiered flagship and core.

  • AlleavesflagshipStrategic or Co-development PartnerBioTrack and MJ Freeway merged under Alleaves parent company in May 2024. The top two and three cannabis track-and-trace companies joined forces under one parent company as states changed requirements for track-and-trace systems.
  • WeedmapscoreTechnology or IntegrationIntegration partnership enabling menu synchronization and order management between MJ Platform and Weedmaps consumer marketplace.
  • Pennsylvania ERP Gateway (Leaf Data Systems)coreTechnology or IntegrationAPI integration for Pennsylvania state-mandated ERP Gateway compliance reporting. Operators must become certified through PA ERP Gateway to receive API credentials.
  • BioTrackcoreTechnology or IntegrationState-mandated track-and-trace integration in Puerto Rico and other jurisdictions. MJ Platform pushes inventory, supply chain, and waste data to BioTrack via API.
  • 150+ API PartnerscoreTechnology or IntegrationOpen API ecosystem with over 150 secure API-integrated partners including CRM, delivery, menu, marketing, and finance platforms enabling comprehensive ecosystem connectivity.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

MJ Freeway competitors and assessment

Company assessment

Direct peers

  • BioTrack: Government-mandated cannabis track-and-trace system used by multiple states; merged with MJ Freeway under Alleaves in May 2024. Direct overlap in seed-to-sale compliance functionality and state contract base.
  • METRC: State-mandated cannabis tracking system used in many US states (Florida, Colorado, California, etc.). Directly comparable as a track-and-trace platform competing for state contracts and integrations with operators.
  • Dutchie: Cannabis e-commerce and POS platform serving dispensaries across multiple states. Overlaps with MJ Platform's retail and delivery modules and competes for the same MSO customer base.
  • Treez: Enterprise cannabis retail POS and ERP platform. Directly competes for MSO and multi-location operator accounts against MJ Platform's dispensary and distribution modules.
  • Flowhub: Cannabis retail management platform for dispensaries with seed-to-sale and compliance features. Comparable in serving cultivation, manufacturing, and retail operators across regulated US states.
  • Blaze: Cannabis dispensary POS and retail management software (formed from merger of Greenbits and Trellis). Directly competes with MJ Platform's retail/POS modules for dispensary customers.
  • Distru: Cannabis ERP and distribution software for manufacturers and distributors. Closely overlaps with MJ Platform's manufacturing and distribution modules and serves the same operator segment.
  • Cova: Cannabis dispensary POS and inventory management platform. Directly competes with MJ Platform's retail/POS offerings for dispensary operator accounts in legal US and Canadian markets.
  • Leaf Data Systems: State-specific cannabis tracking system (Pennsylvania, Utah) that became part of MJ Freeway/Alleaves. Comparable as a state-mandated track-and-trace provider integrated with MJ Platform offerings.

Emerging players

  • Canix: Cannabis cultivation and manufacturing ERP platform. Comparable in serving cannabis operators with seed-to-sale workflows, though focused more narrowly on cultivation and processing verticals.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

MJ Freeway social profiles

Digital presence

MJ Freeway compliance and trust

Trust signal

Compliance1 record

MJ Freeway financial estimates

Financial estimate

Revenue estimate

Valuation estimate

MJ Freeway leadership team

Management profile

Number of profiles

Profiles2 records

MJ Freeway subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

MJ Freeway funding detail

Funding detail

Funding overview

Funding rounds3 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

MJ Freeway M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MJ Freeway

What does MJ Freeway do?

MJ Freeway, operating under the MJ Platform brand, provides a cloud-based seed-to-sale cannabis compliance software suite that tracks cannabis products from cultivation through manufacturing, distribution, and retail sale. The platform offers modular functionality including cultivation management, manufacturing workflows, distribution tracking, dispensary POS, delivery management, and business intelligence analytics. The company also offers MJ Freeway Consulting services for licensing and market entry support.

Is MJ Freeway a public or private company?

MJ Freeway is a private company. It is classified as venture growth investor backed and is currently operating.

When was MJ Freeway founded?

MJ Freeway was founded in 2010. It employs 51 to 100 people.

Where is MJ Freeway based?

MJ Freeway is headquartered in Denver, United States, in the North America region.

How does MJ Freeway make money?

Two revenue lines are on record. SaaS Subscription Software is the primary driver. The others are professional Services.

Who are MJ Freeway's main competitors?

Direct peers on record are BioTrack, METRC, Dutchie, Treez, Flowhub, Blaze, Distru, Cova and Leaf Data Systems. Canix is listed as an emerging player.

Does MJ Freeway have an API?

Yes. MJ Platform offers an open API that allows integration with CRM and other technology partners. The platform currently has over 150 secure API-integrated partners. API credentials can be obtained through the support portal, with specific processes for Pennsylvania ERP Gateway certification. Developer documentation is at support.mjplatform.com/en/collections/3674895-third-party-integrators.

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Live signals
Mgmagazine7 Popular Cannabis and Dispensary POS Software SystemsSeven cannabis and dispensary POS systems are profiled, including BLAZE, BioTrack, Flowhub, Cova, Greenbits, MJ Platform, and Meadow. Each system highlights compliance tracking, inventory management, and uptime guarantees, with features like loyalty programs and integrations. The article notes that no single solution fits all dispensary needs.GlobeNewswireAkerna Announces Sale of Software Business to MJ Freeway Acquisition Co, Coinciding with Merger with Gryphon Digital MiningAkerna announced it will sell its MJ Freeway and Leaf Data Systems software business to MJ Freeway Acquisition Co for $5 million in cash, with Alleaves participating in financing. The sale closes simultaneously with Akerna's merger with Gryphon Digital Mining, which will rename the combined company Gryphon Digital Mining, Inc. The merger is expected to give Akerna shareholders access to the bitcoin mining industry.Business Wire BlogPOSaBIT to Acquire MJ Platform, Leaf Data Systems and Ample Organics for US$4 Million Adding 350+ Merchants and More than US$2 Billion in GMVPOSaBIT signed a definitive agreement to acquire MJ Platform, Leaf Data Systems, and Ample Organics from Akerna Corp. for US$4 million in cash, adding 350+ merchant locations and over US$2 billion in annual GMV. The deal is funded with up to US$11 million in debt and equity financing, with closing expected in Q2 2023.PR NewswireClean Sweep: Akerna Clients Win 100% of Iowa Medical Cannabis Dispensary LicensesAkerna announced that two of its MJ Freeway consulting clients won the only two medical cannabis dispensary licenses awarded in the state of Iowa. The license winners were Iowa Cannabis Company East and Cannabis Patient Network, which Akerna says validates the effectiveness of its consulting services in competitive licensing processes. The company noted that several states have upcoming legalization ballot measures in November, positioning it to assist clients in additional emerging markets.PR NewswireThe Chicago Cannabis Expo Can Help You Implement Efficient Supply Chain Management for a Cannabis BusinessThe Cannabis Industrial Marketplace is hosting the Chicago Cannabis Expo at the Douglas E. Stephens Convention Center in Rosemont, Illinois on September 19-20, 2019, promoting it as the Midwest's largest professional business cannabis expo. The event will feature a supply chain management track led by David Stephen, Chief Revenue Officer of Rootstock Software, and Scott Daly, VP of Client Solutions for MJ Freeway, offering over 50 educational opportunities for cannabis businesses on topics ranging from cultivation to legal services.PR NewswireFirst Woman CEO of NASDAQ-Traded Cannabis Company Challenges the Status Quo for Women in the WorkplaceJessica Billingsley became the first woman CEO of a NASDAQ-traded cannabis technology company when she took the helm of Akerna Corp. in June 2019, following MJ Freeway's merger with publicly traded MTech Acquisition Corp. to form the new entity. Under her leadership, the company aims to expand its $72 billion market presence while championing women in leadership through initiatives like #OneWomanChallenge and #StopTheDrop, having previously grown MJ Freeway to operations in 29 states and 14 countries processing over $15 billion in transactions. Billingsley expressed optimism about federal cannabis legalization prospects in early 2020, potentially through a states' rights act or executive order.GlobeNewswireMTech Acquisition Corp. Completes Merger With MJ Freeway LLC to Form Akerna Corp.MTech Acquisition Corp. and MJ Freeway LLC completed their merger to form Akerna Corp., the first cannabis compliance technology company to trade on Nasdaq. Akerna's shares begin trading on June 18, 2019, under symbols KERN and KERNW, with former MJ Freeway equity holders owning about 62.7% of the combined company.GlobeNewswireMTech Acquisition Corp. and MJ Freeway LLC Provide Private Placement UpdateMTech Acquisition Corp. agreed to issue an additional 215,475 shares in its private placement, bringing the total to 901,074 shares for about $9.2 million. The closing is conditioned on the business combination with MJ Freeway, which will be renamed Akerna Corp.GlobeNewswireMTech Acquisition Corp. and MJ Freeway LLC Announce Private Placement TransactionMTech Acquisition Corp. agreed to issue 685,599 shares at $10.21 per share in a private placement, raising about $7.0 million, with up to 799,907 additional shares available. The deal combines with MJ Freeway under a new holding company, Akerna Corp, and MJ Freeway retained Cowen as strategic advisor.GlobeNewswireMTech Acquisition Corp. and MJ Freeway LLC Announce Form S-4 Registration Statement Declared Effective By SECMTech Acquisition Corp. and MJ Freeway LLC announced that the SEC declared their Form S-4 registration statement effective on May 14, 2019. The merger will be voted on at a special meeting on June 17, 2019, with the combined company named Akerna Corp. The new company's shares will trade under the symbols KERN and KERNW.