Akerna (NASDAQ:KERN) has completed its acquisition of a majority interest in privately-held solo sciences, a patented anti-counterfeiting and consumer engagement technology company.
As quoted in the press release:
solo*TAG is an alternate tagging technology to expensive RFID technology required by states in which Metrc is used for the state tracking system. solo*TAG is less expensive and more secure than RFID technology, leveraging solo science’s patented cryptographically secure technology. Leaf Data Systems, Akerna’s government track and trace software, won the first state cannabis tracking system Request for Proposal (RFP) to which Akerna responded with solo*TAG included.
solo sciences tech platform is also complementary to Akerna’s MJ Platform ERP system and is driving consumer safety through its anti-counterfeiting technology and alert functionality. Manufacturers that use a solo*CODE™ proprietary graphic trust mark on their product packaging enable consumers to scan products with the solo* phone app and learn if a product is real or fake and get real-time notifications.