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.
For further insights into AKAN stock, check out TipRanks’ Stock Analysis page.