Akanda Corp (AKAN) has released an update.
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Akanda Corp., a NASDAQ-listed company, has received a notification of non-compliance due to its failure to meet the minimum stockholders’ equity requirement. The company disclosed a negative stockholders’ equity in its annual report and now has 45 days to submit a plan to regain compliance, with the possibility of a 180-day extension. Akanda’s shares will continue trading on NASDAQ under the symbol ‘AKAN’ as they work towards resolving the issue.
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