Akanda Corp (AKAN) has released an update.
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Akanda Corp. is set to execute a 1-for-2 reverse stock split on November 14, 2024, reducing its outstanding common shares from approximately 4.1 million to 2.0 million. This move, approved by the company’s shareholders and Board of Directors, aims to consolidate shares without affecting individual shareholder stakes. The adjusted trading will begin under the same ticker symbol ‘AKAN’, as the company seeks to streamline its share structure.
For further insights into AKAN stock, check out TipRanks’ Stock Analysis page.