Akanda Corp. Increasing Its Cannabis Investment
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 Corp (NASDAQ: AKAN) ha prolungato la sua opzione su un asset di coltivazione nella Columbia Britannica per due anni aggiuntivi per continuare a perseguire una licenza completa di coltivazione per prodotti THC mentre attualmente opera con una licenza di coltivazione di canapa.
L'azienda prevede di sviluppare asset THC e CBD nel sito di Gabriola Island, con pagamenti basati su milestone legati alla coltivazione di THC, alle vendite dei prodotti e alla coltivazione di CBD. La direzione cita le condizioni favorevoli di coltivazione sull'isola di Gabriola—sole, pioggia equilibrata, temperature moderate, aria pulita e suoli fertili—come supporto a una produzione premium, sostenibile e ad alto rendimento di cannabis e canapa.
Akanda Corp (NASDAQ: AKAN) extendió su opción sobre un activo de cultivo en British Columbia por dos años adicionales para continuar persiguiendo una licencia completa de cultivo para productos de THC mientras opera actualmente bajo una licencia de cultivo de cáñamo.
La empresa planea desarrollar activos THC y CBD en el sitio Gabriola Island, con pagos basados en hitos vinculados al cultivo de THC, a la venta de productos y al cultivo de CBD. La gerencia citó las condiciones de cultivo favorables de la isla Gabriola—soleado, lluvias equilibradas, temperaturas moderadas, aire limpio y suelos fértiles—como apoyo para una producción premium, sostenible y de alto rendimiento de cannabis y cáñamo.
Akanda Corp (NASDAQ: AKAN)는 브리티시컬럼비아주 재배 자산에 대한 옵션을 추가 2년 연장하여 현재 대마 초본 면허로 운영 중인 동안 THC 제품에 대한 완전한 재배 면허를 추구하고 있습니다.
회사는 Gabriola Island 부지에서 THC와 CBD 자산을 개발하고, 마일스톤 기반의 지급을 THC 재배, 제품 판매, CBD 재배에 연결할 계획입니다. 경영진은 Gabriola Island의 양호한 재배 조건—햇빛, 균형 잡힌 강수량, 온화한 기온, 맑은 공기, 비옥한 토양—이 프리미엄, 지속 가능하고 고수익의 대마초 및 대마 생산을 뒷받침한다고 말합니다.
Akanda Corp (NASDAQ: AKAN) a prolongé son option sur un actif de culture en Colombie-Britannique pour deux années supplémentaires afin de continuer à rechercher une licence complète de culture pour les produits à base de THC tout en opérant actuellement sous une licence de culture de chanvre.
L'entreprise prévoit de développer des actifs THC et CBD sur le site Gabriola Island, avec des paiements basés sur des jalons liés à la culture du THC, à la vente de produits et à la culture du CBD. La direction cite les conditions de culture favorables de Gabriola Island—ensoleillement, pluviométrie équilibrée, températures modérées, air pur et sols fertiles—comme soutenant une production de cannabis et de chanvre premium, durable et à haut rendement.
Akanda Corp (NASDAQ: AKAN) hat seine Option auf ein Anbauvermögen in British Columbia um zweie Jahre verlängert, um weiterhin eine vollständige Anbau-Lizenz für THC-Produkte anzustreben, während das Unternehmen derzeit unter einer Hanf-Anbaulizenz operiert.
Das Unternehmen plant, THC- und CBD-Assets am Standort Gabriola Island zu entwickeln, mit zielorientierten Zahlungen, die an den THC-Anbau, den Produktverkauf und den CBD-Anbau gebunden sind. Die Geschäftsleitung nennt die günstigen Anbaubedingungen von Gabriola Island—Sonne, ausgeglichene Niederschläge, gemäßigte Temperaturen, saubere Luft und fruchtbare Böden—als Unterstützung für hochwertige, nachhaltige, ertragreiche Cannabis- und Hanfproduktion.
Akanda Corp (NASDAQ: AKAN) مدد خياراته على أصل زراعة في كولومبيا البريطانية لمدة سنتين إضافيتين لمواصلة pursuit ترخيص زراعة كامل لمنتجات THC مع التشغيل حاليًا بموجب ترخيص زراعة القنب.
تخطط الشركة لتطوير أصول THC و CBD في موقع Gabriola Island، مع مدفوعات قائمة على المعالم مرتبطة بزراعة THC، ومبيعات المنتجات، وزراعة CBD. الإدارة تشير إلى أن ظروف الزراعة المواتية في جزيرة Gabriola—أشعة الشمس، الأمطار المتوازنة، درجات الحرارة المعتدلة، الهواء النظيف والتربة الخصبة—تدعم إنتاج القنب والقنب الصناعي عالي الجودة والمستدام والعالي العائد.
Akanda Corp (NASDAQ: AKAN) extend了在不列颠哥伦比亚省的一个种植资产的选择权，再延长两年，以继续争取 THC 产品的完整种植许可证，同时目前在大麻制品许可证下运营。
公司计划在 Gabriola Island 的地点开发 THC 和 CBD 资产，设定与 THC 种植、产品销售和 CBD 种植相关的 里程碑式支付。管理层表示 Gabriola Island 有利的生长条件——阳光、降雨均衡、温和的气温、清洁的空气和肥沃的土壤——有助于高端、可持续、高产的大麻和大麻籽生产。
- Option extended by 2 years to advance site development
- Milestone payments tied to THC cultivation, sales, and CBD cultivation
- Site location on Gabriola Island with favorable growing conditions
- No full THC cultivation license obtained yet; operating under hemp license
- Financial terms and milestone payment amounts were not disclosed
Toronto, Ontario--(Newsfile Corp. - October 20, 2025) - Akanda Corp. (NASDAQ: AKAN) ("Akanda" or the "Company"), through its cannabis operating subsidiary, has furthered its cannabis investment by extending its option on its British Columbia asset for two additional years. The Company has been working on obtaining its full cultivation license for a variety of potential products containing THC, but currently it is operating under its hemp cultivation license. A further extension of the license would highlight Akanda's commitment to executing its strategic vision and assist in solidifying its role in the global cannabis industry.
The Company plans during this additional two year period to work towards developing Tetrahydrocannabinol (THC) and cannabidiol (CBD) assets at this site. Additional payments will be made based upon milestones achieved from the development. The milestones in the agreement include THC cultivation, sales of product, and CBD cultivation.
Located on picturesque Gabriola Island, the Company's cultivation facility is expected to benefit from some of the most favorable growing conditions in Canada. The island, situated in the rain shadow of Vancouver Island, enjoys abundant sunshine, balanced rainfall, consistently moderate temperatures year-round and features warm, dry summers and gentle, wet winters. It is expected to create an optimal environment that naturally minimizes mold and pest risks. Combined with clean air and fertile soils, the Company believes that these conditions make Gabriola Island an exceptional location for producing premium, sustainable, and high-yield cannabis and hemp.
About Akanda Corp.
Akanda Corp., through its cannabis subsidiaries with operations in Canada, is dedicated to cultivating and distributing high-quality cannabis and wellness products that improve lives. Its mission is to provide safe, reliable, and accessible cannabis products to consumers worldwide while promoting sustainable business practices.
Company Contact
Forward-Looking Statements
This press release may contain "forward-looking statements." Such statements which are not purely historical (including but not limited to statements that contain words such as "will," "believes," "plans," "anticipates," "expects," "intends," "would," "could" and "estimates") are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
Important factors, among others, that may affect actual results or outcomes include: (i) changes in domestic and foreign business, market, financial, political and legal conditions; (ii) risks that could adversely affect Akanda or the expected benefits of its recent business acquisition (the "Transaction") or that the approval of the stockholders of Akanda to authorize and issue its Class B Special Shares, or to approve the Transaction, is not obtained; (iii) failure to realize the anticipated benefits of the Transaction; (iv) the limited operating history of Akanda and its businesses; (v) the ability of Akanda and its subsidiaries to grow and manage growth effectively; (vi) the ability of Akanda and its subsidiaries to execute their business plans; (vii) estimates of the size of the markets for Akanda's and its subsidiaries' products and services; (viii) the rate and degree of market acceptance of Akanda's products and services; (ix) Akanda's ability to identify and integrate acquisitions; (x) future investments in technology and operations; (xi) potential litigation involving Akanda; (xii) risks relating to the uncertainty of projected financial information; (xiii) the effects of competition on Akanda's businesses; (xiv) developments and changes in laws and regulations; (xv) the impact of significant investigative, regulatory or legal proceedings; (xvi) general economic and market conditions impacting demand for Akanda's products and services; (xvii) the ability to meet Nasdaq's listing standards; (xviii) the ability of Akanda to raise capital, and to issue equity or equity-linked securities in connection with the Transaction or in the future; (xix) the ability of Akanda to manage its significant debt load and liabilities; and (xx) such other risks and uncertainties as are discussed in Akanda's Annual Report on Form 20-F filed with the SEC or in other documents Akanda files from time to time with the SEC. Akanda expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Akanda's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this press release, and Akanda assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law. Although Akanda believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in Akanda's reports and statements filed from time-to-time with the Securities and Exchange Commission.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270992
FAQ
What did Akanda (AKAN) announce on October 20, 2025 about its British Columbia asset?
Will Akanda (AKAN) grow THC products at the Gabriola Island site?
What milestones trigger additional payments in Akanda's (AKAN) extension agreement?
How does Gabriola Island benefit Akanda's (AKAN) cultivation plans?
Did Akanda (AKAN) disclose the monetary value of the milestone payments?
