AKANDA CORP Stock Price, News & Analysis

Akanda (NASDAQ: AKAN) is researching security requirements and next steps to pursue a full cultivation license through its cannabis operating subsidiary, while currently operating under a hemp cultivation license.

The company extended its option on its British Columbia asset for an additional two years and plans a staged build-out of Health Canada–compliant security (perimeter controls, access management, continuous surveillance, secure storage) to support licensing inspections and operational readiness for THC and CBD activities.

Additional payments tied to milestones (THC cultivation, product sales, CBD cultivation) are expected; analysts project Canada's legal cannabis market at USD $5.8–7.2B by 2030 (~10–12% CAGR), which Akanda intends to address with staged commissioning and regulatory engagement.

Akanda (NASDAQ: AKAN) said its subsidiary First Towers & Fiber will build or acquire up to 20 additional telecom towers by the end of 2025, expanding a footprint that already includes 30 towers and 700 km of dark-fiber in Mexico. The expansion targets urban and regional corridors and strengthens FTF's role inside the Altán Redes $7 billion national network project.

Earlier in 2025 the company raised $12 million in convertible funding to support expansion. Management frames each new tower and fiber route as recurring-revenue assets that compound value, while the release notes AKAN has seen notable share-price volatility during October as investors reprice the microcap amid execution milestones.

Akanda Corp (NASDAQ: AKAN) extended its option on a British Columbia cultivation asset for two additional years to continue pursuing a full cultivation license for THC products while currently operating under a hemp cultivation license.

The company plans to develop THC and CBD assets at the Gabriola Island site, with milestone-based payments tied to THC cultivation, product sales, and CBD cultivation. Management cites Gabriola Island's favorable growing conditions—sunshine, balanced rainfall, moderate temperatures, clean air, and fertile soils—as supporting premium, sustainable, high-yield cannabis and hemp production.

Akanda (NASDAQ:AKAN) announced that subsidiary First Towers & Fiber was named a preferred contractor for Mexico's Altán Redes national buildout tied to a >$7 billion program. The company said FTF already operates 30 towers and 700 kilometers of dark fiber, and plans to construct or acquire up to 20 new towers by end of 2025 to strengthen coverage and recurring revenue.

After the announcement, AKAN shares rose more than 49% after hours to close at $3.33; the release also notes Akanda's low float of fewer than 730,000 shares outstanding.

Akanda (NASDAQ:AKAN) announced plans to expand its Mexico telecom footprint with construction and acquisition of up to 20 new towers by the end of 2025, adding to an operational base of 30 towers and a 700-kilometer dark-fiber backbone that the company says is already generating cash flow. Akanda's First Towers & Fiber (FTF) is a preferred contractor in the Altán Redes $7 billion national buildout, which currently includes ~11,000 towers and service to 24 million people. The company cites a low float (fewer than 730,000 shares outstanding) and disclosed $12 million in convertible funding used to scale tower and fiber builds.

This update frames growth as immediate, revenue-focused expansion tied to Altán participation and a targeted 2025 timetable.

Akanda (NASDAQ: AKAN) and its subsidiary First Towers & Fiber Corp announced an expansion to construct and/or acquire up to 20 new cellular towers by the end of 2025 to expand coverage, increase network capacity, and grow recurring revenue.

The initiative builds on FTF's existing 30 operational revenue-generating towers and its 700-kilometer dark fiber network. Management says each additional tower should drive incremental cash flow, improve network utilization, and support partnerships with Altan and CFE.

The plan is positioned as a strategic investment to capture rising mobile data and enterprise connectivity demand across Mexico, with completion targeted by December 31, 2025.

Akanda (NASDAQ: AKAN) said the ongoing Canadian postal strike has made mailing proxy materials for its special meeting impracticable. The special meeting remains scheduled for 10:00 a.m. (Toronto time) on October 30, 2025 at Gowling WLG in Toronto.

The company implemented alternative delivery: Meeting Materials are downloadable at akandacorp.com and on SEC EDGAR, available for six months. Shareholders can request free printed copies by email or courier within Canada and the U.S., and registered holders can obtain voting assistance from Odyssey Trust.

Akanda Corp. (NASDAQ:AKAN) shares surged up to 75% in a single morning, driven by developments at its subsidiary First Towers & Fiber (FTF). The company, with a notably small float of just 728,000 shares, has been named a preferred contractor in Mexico's $7 billion Altán Redes / Red Compartida program.

FTF currently controls 700 kilometers of dark fiber across five Mexican cities and operates approximately 30 towers. The Altán program aims to provide wholesale LTE and 4G service to over 90% of Mexico's population, with 5G capabilities in development. The company has secured $12 million in convertible funding to support its expansion efforts.

Akanda Corp. (NASDAQ:AKAN) has announced significant progress in Mexico's telecom infrastructure market through its subsidiary First Towers & Fiber (FTF). The company has been named a preferred contractor in the $7 billion Altán Redes/Red Compartida initiative, a national program aimed at delivering wholesale LTE and 4G services to over 92% of Mexico's population.

FTF currently controls 700 kilometers of fiber across five cities and operates approximately 30 revenue-generating towers. The company has secured $12 million in convertible funding to support its expansion. With only 728,000 shares outstanding after a reverse split, Akanda maintains one of the lowest float structures on Nasdaq.