TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest update is out from Akanda Corp ( (AKAN) ).
Akanda Corp. has released its unaudited interim financial statements for the six months ending June 30, 2025, showing a decrease in total assets from $7.9 million in December 2024 to $6.2 million in June 2025. The company also reported a reduction in total liabilities and shareholders’ equity. The financial results highlight challenges such as a decline in cash reserves and increased operating expenses, reflecting the company’s ongoing efforts to integrate First Towers & Fiber Corp. and navigate changes in the cannabis market. These developments could impact Akanda’s market positioning and stakeholder confidence.
More about Akanda Corp
Akanda Corp. operates in the cannabis industry, focusing on the production and distribution of cannabis and cannabis-derived products. The company is involved in integrating First Towers & Fiber Corp. into its operations, aiming to expand its business and market presence.
Average Trading Volume: 142,761
Technical Sentiment Signal: Hold
Current Market Cap: $3.47M
For an in-depth examination of AKAN stock, go to TipRanks’ Overview page.