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Akanda Corp ( (AKAN) ) has issued an announcement.
On August 22, 2025, Akanda Corp. announced a 1-for-3.125 reverse stock split of its common shares, effective August 26, 2025. This move, approved by shareholders and the Board, aims to consolidate shares, reducing the number of outstanding shares from approximately 2.27 million to 728,000. The reverse split is expected to affect all shareholders uniformly without altering their percentage interest, aside from fractional share adjustments. This strategic decision is part of Akanda’s efforts to strengthen its market position and comply with Nasdaq listing standards.
More about Akanda Corp
Akanda Corp. is a cannabis cultivation, manufacturing, and distribution company based in London, United Kingdom. The company focuses on providing premium quality medical cannabis products to patients worldwide, with a particular emphasis on expanding its operations and sales channels in international markets, especially in the United Kingdom.
Average Trading Volume: 213,777
Technical Sentiment Signal: Sell
Current Market Cap: $3M
For detailed information about AKAN stock, go to TipRanks’ Stock Analysis page.