Akanda Corp (AKAN) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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.