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The latest announcement is out from Akanda Corp ( (AKAN) ).
Akanda Corp. announced on October 20, 2025, that it is extending its option on its British Columbia asset for two more years to further its cannabis investment. This extension supports Akanda’s strategic vision and strengthens its position in the global cannabis industry. The company plans to develop THC and CBD assets at its Gabriola Island facility, which benefits from favorable growing conditions, and will make additional payments based on development milestones.
More about Akanda Corp
Akanda Corp. operates through its cannabis subsidiaries in Canada, focusing on cultivating and distributing high-quality cannabis and wellness products. The company aims to provide safe, reliable, and accessible cannabis products globally while promoting sustainable business practices.
Average Trading Volume: 1,092,087
Technical Sentiment Signal: Strong Sell
Current Market Cap: $1.67M
For a thorough assessment of AKAN stock, go to TipRanks’ Stock Analysis page.