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An announcement from Akanda Corp ( (AKAN) ) is now available.
On November 28, 2025, Akanda Corp. held a Special Meeting of Shareholders where several key proposals were approved. The shareholders voted in favor of amending the corporation’s articles to allow for future consolidations of common shares and approved the issuance of 4,775,972 common shares to comply with NASDAQ listing rules, as part of the FT Transaction. Additionally, the issuance of 732,384 common shares and up to 27,300,000 common shares through convertible promissory notes was approved, facilitating debt settlements and further aligning with NASDAQ requirements. These approvals are expected to impact Akanda’s financial structure and enhance its market positioning.
More about Akanda Corp
Akanda Corp. is involved in the industry of cannabis cultivation and distribution, focusing on providing high-quality cannabis products. The company operates with a market focus on expanding its reach and compliance with regulatory standards.
Average Trading Volume: 1,257,094
Technical Sentiment Signal: Sell
Current Market Cap: $711.5K
For detailed information about AKAN stock, go to TipRanks’ Stock Analysis page.