Akanda Corp. Sets April 13 Effective Date for 1-for-4.5 Reverse Stock Split

Akanda Corp ( (AKAN) ) has provided an announcement.

Akanda Corp., a cannabis and wellness products company with operations in Canada and a growing telecom infrastructure footprint in Mexico via its First Towers & Fiber subsidiary, operates across two high-potential but heavily regulated sectors. The group supplies global cannabis markets while building out wireless tower assets and a 700 km-plus fiber optic network in Latin America, aiming to tap both consumer health trends and expanding data demand.

On April 9, 2026, Akanda announced it will implement a 1-for-4.5 reverse stock split of its common shares, effective at the market open on April 13, 2026. The move, approved by shareholders in November 2025 and the board in March 2026, will cut the outstanding share count from roughly 2.4 million to about 534,400, with all holders affected proportionally and no change to relative ownership stakes aside from the treatment of fractional shares.

The consolidation will see trading continue under the Nasdaq ticker AKAN with new CUSIP and ISIN identifiers, while options, warrants and other convertible securities will be adjusted in line with the new share structure. By tightening the share float and addressing price and compliance considerations, the reverse split is designed to support Akanda’s continued listing status and could influence liquidity and investor perception, particularly among institutional stakeholders.

Fractional positions resulting from the reverse split will be rounded down to the nearest whole share, with no cash paid in lieu, and Vstock Transfer will coordinate the exchange process for registered shareholders. Investors holding through brokers or in book-entry form will see the change automatically reflected in their accounts from April 13, 2026, underscoring that the action is largely administrative in nature but strategically significant for Akanda’s capital markets profile.

More about Akanda Corp

Akanda Corp. is a diversified operator with cannabis subsidiaries in Canada and a telecom infrastructure arm in Latin America. Through its Canadian units, it cultivates and distributes high-quality cannabis and wellness products aimed at global consumers, emphasizing safety, accessibility, and sustainable practices. Its First Towers & Fiber subsidiary develops wireless towers and runs a 700 km-plus fiber network in Mexico, with plans to expand across other Latin American markets.

This dual focus positions Akanda at the intersection of regulated cannabis and digital infrastructure, two sectors with distinct regulatory and growth dynamics. The cannabis operations target medical and wellness demand, while the tower and fiber business seeks to benefit from rising wireless data usage and connectivity needs in emerging markets.

Average Trading Volume: 933,312

Technical Sentiment Signal: Sell

Current Market Cap: $1.39M

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