Akanda Corp (AKAN) has released an update.
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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.