Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Akanda Corp ( (AKAN) ) has issued an update.
On January 8, 2026, Akanda Corp. announced that it will implement a 1-for-5 reverse stock split of its common shares, effective January 12, 2026, following shareholder approval on November 28, 2025 and board approval on December 23, 2025. The move will reduce the number of outstanding common shares from about 10.1 million to roughly 2 million without changing individual investors’ proportional ownership, aside from rounding down any fractional shares, and will trigger proportional adjustments to outstanding options, warrants and other convertible securities as the stock begins trading on a split-adjusted basis under the existing Nasdaq ticker AKAN.
More about Akanda Corp
Akanda Corp. is a diversified company operating through cannabis subsidiaries in Canada and a telecom infrastructure subsidiary in Mexico. Its cannabis arm focuses on cultivating and distributing high-quality cannabis and wellness products globally with an emphasis on safety, reliability and sustainability, while wholly owned First Towers & Fiber Corp. develops towers and operates a 700+ km fiber‑optic network in Mexico’s wireless market, with plans to expand into other Latin American countries.
Average Trading Volume: 3,466,672
Technical Sentiment Signal: Sell
Current Market Cap: $385.1K
See more insights into AKAN stock on TipRanks’ Stock Analysis page.