#1The cannabis economy runs on Akerna October 2022 AKERNAⓇ#2AKERNA Safe Harbor Forward-Looking Statements This Presentation includes "forward-looking statements" regarding Akerna Corp. ("Akerna") and its wholly-owned subsidiary MJ Freeway LLC ("MJF" and, together with Akerna, the "Company"), its financial condition and results of operations that reflect the Company's current views and information currently available. This information is, where applicable, based on estimates, assumptions and analysis that MJF believes, as of the date hereof, provide a reasonable basis for the information contained herein. Forward-looking statements can generally be identified by the use of forward- looking words such as "may", "will", "would", "could", "expect", "intend", "plan", "aim", "estimate", "target", "anticipate", "believe", "continue", "objectives", "outlook", "guidance" or other similar words, and include statements regarding MJF's plans, strategies, objectives, targets and expected financial performance. These forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which are outside the control of MJF and Akerna and their respective officers, employees, agents or associates. 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. Potential investors are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information, cost savings, synergies 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 the control of MJF, Akerna and their respective officers, employees, agents or associates. All information herein speaks only as of (1) the date hereof, in the case of information about MJF and Akerna, or (2) the date of such information, in the case of information from persons other than MJF and Akerna. None of MJF and Akerna undertake any duty to update or revise the information contained herein. Forecasts and estimates regarding MJF's industry and markets are based on sources that are believed to be reliable or in compliance with an available exemption from the registration requirements of such act. However, there can be no assurance these forecasts and estimates will prove accurate in whole or in part. No Offer or Solicitation October 2022 This announcement is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy any securities or the solicitation of any vote in any jurisdiction pursuant to the proposed transactions or otherwise, nor shall there be any sale, issuance or transfer or securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended or in compliance with an available exemption from the registration requirements of such act. Industry and Market Data The information contained herein also includes information provided by third parties, such as market research firms. None of MJF, Akerna and their respective affiliates and any third parties that provide information to MJF or Akerna, such as market research firms, guarantee the accuracy, completeness, timeliness or availability of any information. None of MJF, Akerna and their respective affiliates and any third parties that provide information to MJF, Akerna, such as market research firms, are responsible for any errors or omissions (negligent or otherwise), regardless of the cause, or the results obtained from the use of such content. None of MJF, Akerna and their respective affiliates give any express or implied warranties, including, but not limited to, any warranties of merchantability or fitness for a particular purpose or use, and they expressly disclaim any responsibility or liability for direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs expenses, legal fees or losses (including lost income or profits and opportunity costs) in connection with the use of the information herein. 2#3AKERNA Akerna has created a global technology ecosystem for cannabis. We provide the systems, applications, services and expertise that cannabis operators, regulators and brands need to succeed. And we operate the network that connects them all. www.akerna.com Consulting Data Compliance ^ Payments October 2022 Regulatory Software Enterprise Software m#4AKERNA The cannabis economy continues to drive ahead www.akerna.com $30B market 2021 $80B market in 2027 $30+B transactions 28% transactions yoy October 2022 $23MM SW/Services in TTM 1 62% SW/Services TTM ¹ 1 Pro forma with acquisitions 4#5AKERNA Catalysts for Growth H SAFE Act ▪ MORE Act ▪ Mace States Reform Act CAOA New state legislation Organic growth ■ ■ ■ U.S. www.akerna.com Momentum for Federal Change On October 6, President Biden stated that the scheduling of cannabis should be re-evaluated and that simple cannabis offenses at the federal level were pardoned . Bi-Partisan Support for SAFE Banking New cannabis-support survey* from the Community Bankers of America published in September 65% of voters back SAFE Banking Majority support across the political spectrum, with 73% of Democrats, 55% of Republicans and 67% of independents backing the policy change Current State Legalization Cannabis is fully legalized in 18 states and permitted for medical use in 19 more November Ballot Measures in 5 New States Arkansas (Issue 4) Maryland (Question 4) Missouri (Amendment 3) - First time a sitting president has made cannabis-related remarks Brings momentum for federal change, likely beginning with SAFE+ ■ 1 October 2022 m North Dakota (Measure 2) South Dakota (Measure 27) *Link#6AKERNA Catalysts for Growth www.akerna.com ■ Global Expanding legalization Maturing markets Organic growth ■ October 2022 d Internal Strategic Options Expense Reductions Balance Sheet Restructuring Maintain NASDAQ listing 6#7AKERNA Financial Highlights Q2 2022 Software revenue up 33% YoY Total revenue up 24% YoY Gross profit increased 42% YoY Total SaaS ARR up 9% YoY Transaction volume up 9% YoY www.akerna.com October 2022 7#8AKERNA Cap Table* Common Shares Outstanding Exchangeable shares. 2022 Warrants @ $0.1759 2019 Warrants @ $11.50 Convertible Note @ $0.2375 Unvested Equity Awards www.akerna.com 85.0M 0.3M Equivalent Shares 45.7M 5.8M 61.7M 3.4M ● ● ● October 2022 Akerna closed a unit offering on July 5, 2022 In October, Akerna announced a preferred share offering. Holders can redeem for cash held in reserve. Excluded from the cap table. Shareholder meeting scheduled for November 7 to seek approval for a reverse split of 1 for 20. All counts in cap table are shown pre-split Please refer to Akerna's filings for additional information and details NOTES: * Proforma Cap Table represents end of Q2, 2022 counts approximately adjusted for shares issued up to the date of this presentation including the unit offering closed on July 5, 2022. 8#9AKERNA Three Key Performance Indicators Committed Annual Recurring Revenue ("CARR") $18.9M in CARR 9% YoY increase www.akerna.com Bookings $600K in Q2 software bookings October 2022 Transaction Growth Client transaction dollar amount and transaction volume consistently grow 9% transaction volume growth in Q2 2022 9#10Every operator must comply with local, state, and federal regulations. Compliance is mandatory. Compliance is complicated. Compliance is costly. Û Cultivator Local Reporting Systems 4 Manufacturer State Reporting Systems √ Distributor October 2022 Ö Retailer Federal Reporting Systems 10#11October 2022 Compliance is integral to every cannabis operator's business. So we integrated it.#12AKERNA We created an entire cannabis business ecosystem. ■ ■ Built/acquired cannabis business applications Built integrations to accounting and ERP systems Built and operate the network that connects the apps, integrations, compliance reporting systems, and payments systems All in the cloud www.akerna.com Akerna Applications Akerna Cannabis Network Compliance Payments October 2022 ERP & Integrations 12#13Akerna Applications Anti-Counterfeit Ecommerce Point of Sale Distribution Manufacturing Cultivation Government Akerna Ecosystem Akerna Cannabis Network API Compliance Payments Data & Analytics Ecosystem Integrations SAP Microsoft Dynamics NETSUITE sage intuit qb QuickBooks Leafly aeropay X weedmaps metrc October 2022 80+ 13#14Subscription $ Akerna Ecosystem Revenue Akerna Applications Anti-Counterfeit Ecommerce Point of Sale Distribution Manufacturing Cultivation Government Transaction $ Volume Transaction $ Volume Transaction $ Volume Subscription $ Akerna Cannabis Network API Compliance Payments Data & Analytics Ecosystem Integrations SAP Microsoft Dynamics NETSUITE sage intuit qb QuickBooks. X Leafly weedmaps aeropay metrc October 2022 80+ 14#15AKERNA The Akerna ecosystem is the ultimate defense. Our applications, integrations and infrastructure create 3 layers of protection for our leadership position. www.akerna.com intuit SAP X NETSUITE QD QuickBooks. CANNVEYA sage Business Confleet VIRIDIAN SCIENCES aeropay Microsoft Dynamics trellis AN AKERNA COMPANY solo PRIORITY PAYMENT SYSTEMS INTEGRATIONS SAP APPLICATIONS dutchie 365 Cannabis NETWORK ^ Compliance Payments AKERNA connect Hypur LEAF DATA SYSTEMS AN AKERNA COMPANY ampleorganics AN AKERNA COMPANY mj platform Tel Train metrc IS LOCITY BIOTRACKTHC™ Jane happy cabbage ANALYTICS Sprout Leafly springbig weedmaps October 2022 15#16Akerna Revenue Distribution Transaction Volume Subscription Present ■ Subscription Transaction Volume Future October 2022 16#17Akerna clients are for life. As they grow and graduate from spreadsheets to full enterprise systems, the Akerna cannabis ecosystem goes with them. intuit qb QuickBooks. X Micro-Business SAP Business Microsoft Dynamics NETSUITE sage Mid-Size Akerna Cannabis Network Government Compliance Reporting Systems October 2022 SAP Microsoft 365 Finance & Operations Enterprise 17#18October 2022 T The only true enterprise solution portfolio and scalable ecosystem for the booming cannabis economy.#19Akerna is harnessing these forces for global growth. Active Organic growth opportunities Legal markets opportunities Future legal markets? BC OR NV NT ID AB UT MT WY NM ND SD NE KS OK MN IA MO AR ON WI IL IN TN AL OH GA VA October 2022 19#20Inorganic Growth Expanding share and install base Organic Growth New operators / new customers € ..| A Akerna is at the center of a virtuous circle of opportunity and growth * October 2022 Cross and Upsell Growing revenue from the install base Expanding Legalization At home and around the world 20#21AKERNA The Akerna Difference 12 years Experience $30B+ transactions tracked www.akerna.com Akerna Ecosystem Apps, Integrations, Network Full Supply Chain Every legal jurisdiction All Sectors October 2022 B2B, B2G, and B2C 21#22AKERNA Executive Leadership Jessica Billingsley Chief Executive Officer www.akerna.com V Ray Thompson Special Advisor to CEO Dean Ditto Chief Financial Officer October 2022 David McCullough Chief Technology Officer 22#23AKERNA Board of Directors Jessica Billingsley Chair of the Board CEO, Akerna www.akerna.com Matt Kane Green Shades Software Tahira Rehmatullah T3 Ventures Scott Sozio Head of Corporate Development, Akerna October 2022 Barry Fishman Former CEO Vivo Former CEO Teva Pharma 23#24AKERNA Investment Highlights Growing Market 19% CAGR ¹ ¹ BDS Analytics March 2021 www.akerna.com Akerna Leadership #1 in sw/services market share Global Exposure U.S., Canada and 15 other countries October 2022 Deep Defenses "Sticky" apps, integrations & network and an aggressive inorganic strategy 24#25The cannabis economy runs on Akerna. October 2022#26O Akerna is the cannabis opportunity. October 2012 14C#27AKERNAⓇ Join us. akerna.com ir.akerna.com October 2022