AKANDA CORP Stock Price, News & Analysis

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.

Akanda Corp. (NASDAQ: AKAN) through its subsidiary First Towers & Fiber Corp. (FTF) details its involvement in Mexico's massive Red Compartida telecommunications project led by Altán Redes. The $7 billion initiative aims to provide LTE/4G and 5G-ready network coverage to 92.2% of Mexico's population, serving over 100 million people.

The infrastructure deployment includes a $1.7-1.8 billion investment in partnership with Mexico's Federal Electricity Commission (CFE). The project has already installed 11,383 telecommunications towers, providing internet access to 82,178 localities with over 24 million people. Key financial partners include Macquarie Investment Group, International Finance Corporation, Morgan Stanley, Axtel, and Megacable.

Akanda Corp (NASDAQ:AKAN) has emerged as a unique player on the Nasdaq with an exceptionally scarce float of only 728,000 shares outstanding following a reverse split. The company reported significant progress through its subsidiary, First Towers & Fiber (FTF), which is playing a crucial role in Mexico's telecom infrastructure project with 30 towers deployed and 700 kilometers of dark fiber connecting five cities.

The company maintains a dual-market strategy, combining telecom infrastructure operations with plant-based wellness therapeutics potential in British Columbia and UK markets. Akanda recently secured $12 million in convertible note financing to support expansion and working capital needs.

Akanda Corp. (NASDAQ: AKAN) through its subsidiary First Towers & Fiber Corp. (FTF) reported significant progress in Mexico's largest telecommunications infrastructure project. The company has successfully deployed 30 cellular towers that are currently generating revenue and operates a 700-kilometer dark fiber network connecting five cities in central Mexico.

FTF serves as a preferred contractor in the public-private project managed by Altan Redes and CFE Telecomunicaciones. The company has secured Telefonica as an anchor tenant, which leases dark fiber across FTF's entire network. The company plans to expand its telecommunications infrastructure in the coming weeks to meet growing client demands.

Akanda Corp. (NASDAQ: AKAN) has announced and closed a securities purchase agreement with institutional investors for $12.0 million in convertible promissory notes. The 12-month notes will be allocated across several initiatives: up to $3.5 million for marketing, funding for the Gabriola, B.C. site development, up to $3 million for working capital, and up to $7 million for debt purposes.

Univest Securities, LLC served as the exclusive placement agent for this private placement transaction. The convertible notes and potential common shares from conversion have not been registered under the Securities Act of 1933 and cannot be offered or sold in the United States without registration or an applicable exemption.

Akanda Corp. (NASDAQ: AKAN) has completed the acquisition of First Towers & Fiber Corp., a telecommunications infrastructure company in Mexico, through a Share Exchange Agreement dated March 5, 2025. The transaction, effective August 21, 2025, makes First Towers a wholly-owned subsidiary of Akanda.

The deal structure involves issuing convertible Class A and Class B Special Shares to former First Towers shareholders, pending shareholder approval. Class A shares will be convertible into up to 19.9% of Akanda's common shares. The company will seek approval for Class A shares at its August 29, 2025 Special Meeting and hold a second meeting for Class B shares approval.

Additionally, Akanda reaffirmed its commitment to developing its pre-revenue Canadian farming property in British Columbia for THC and CBD facilities, though no cultivation has begun yet.

Akanda Corp. (NASDAQ: AKAN) has announced a 1-for-3.125 reverse stock split of its common shares, effective August 26, 2025. The split was approved by shareholders on April 30, 2025, and the Board of Directors on August 8, 2025.

The reverse split will reduce outstanding shares from approximately 2.27 million to 728,000. The company will continue trading under the symbol "AKAN" with a new CUSIP number 00971M502. All outstanding options, warrants, and convertible securities will be proportionally adjusted, with fractional shares rounded down to the nearest whole number.

Akanda Corp. (NASDAQ: AKAN) has announced a significant Share Exchange Agreement with First Towers & Fiber Corp., a telecommunications infrastructure company operating in Mexico. Under the agreement, First Towers will become a wholly-owned subsidiary of Akanda, with the transaction structured as follows:

- First Towers shareholders will receive 1 Akanda share for every 2.5 First Towers shares, totaling approximately 15.3 million shares
- Select shareholders will receive approximately $14.1 million in cash, payable 18 months post-closing
- Post-transaction, First Towers shareholders will own about 83.1% of the combined company, while certain debt holders will own 5.8%

Additionally, Akanda will maintain its Canadian farming property development plans for THC and CBD facilities while discontinuing its UK-based cannabis distribution business through Canmart The company will continue trading on the Nasdaq Capital Market under the ticker AKAN.