Akanda Corp (AKAN) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Akanda Corp. has addressed its previous non-compliance with Nasdaq’s minimum shareholders’ equity requirement by raising approximately $10 million through public securities sales and selling its subsidiary for $2 million. The company believes it has regained compliance, but Nasdaq will continue to monitor and may consider delisting if future reports show non-compliance.
For further insights into AKAN stock, check out TipRanks’ Stock Analysis page.