Akanda Corp (AKAN) has released an update.
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Akanda Corp. reports notable improvements in its financial position with total assets increasing to $9.97 million as of June 2024, up from $8.84 million in December 2023. The company also reduced its total liabilities to $5.40 million from $12.67 million, while sales surged to $477,006 for the first half of 2024, highlighting a significant growth compared to $128,741 in the same period last year. Despite an operating loss, these positive trends offer potential for long-term gains, capturing the interest of investors and market watchers.
For further insights into AKAN stock, check out TipRanks’ Stock Analysis page.
