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The latest update is out from Akanda Corp ( (AKAN) ).
On January 23, 2026, Akanda Corp. closed a previously announced private placement with institutional investors, issuing 12‑month convertible promissory notes for aggregate gross proceeds of $7.0 million. The company plans to allocate up to $2.3 million of the proceeds to marketing, approximately $2.6 million to working capital and general corporate purposes, and up to $2.1 million toward debt reduction, indicating an effort to strengthen its balance sheet and fund growth initiatives following its acquisition of First Towers and Fiber Corp. The unregistered notes and underlying common shares were sold under applicable exemptions from U.S. securities registration, reflecting Akanda’s continued reliance on capital markets to support its operating and strategic objectives.
More about Akanda Corp
Akanda Corp. is a foreign private issuer listed on Nasdaq under the symbol AKAN, operating through subsidiaries with a focus on products and services tied to its recent acquisition of First Towers and Fiber Corp., positioning the company within markets linked to communications infrastructure and related technology and services.
Average Trading Volume: 1,305,334
Technical Sentiment Signal: Sell
Current Market Cap: $3.62M
For a thorough assessment of AKAN stock, go to TipRanks’ Stock Analysis page.