Akanda's First Towers & Fiber Increases Recurring Revenue with Completion of 200 KM Fiber Network

Akanda (NASDAQ: AKAN) announced operational progress at its wholly owned Mexican subsidiary First Towers & Fiber.

Rhea-AI Summary

Akanda (NASDAQ: AKAN) announced operational progress at its wholly owned Mexican subsidiary First Towers & Fiber. FTF now operates 28 fully functional cellular tower sites under a passive infrastructure leasing model serving multiple network providers.

The company has completed installation of a 200-kilometer fiber optic network. The first 100 kilometers have been accepted by a network provider and entered the billing phase, with initial lease cash flow expected in August/September 2026. The remaining 100 kilometers are scheduled for client acceptance by December 2026, with the entire network projected to reach full commercial run-rate cash flow from January 2027.

The fiber rollout also represents a regional expansion into Guanajuato, particularly the Irapuato-Silao industrial corridor, which Akanda believes enhances FTF’s presence and service reach for telecom providers in this key market.

Positive

• 28 tower sites fully operational and leasing to network providers
• 200 km fiber network installed, creating a new recurring lease revenue stream
• First 100 km of fiber accepted and entering billing in August/September 2026
• Remaining 100 km targeted for client acceptance by December 2026
• Full commercial run-rate cash flow for 200 km projected from January 2027
• Strategic expansion into Guanajuato Irapuato-Silao industrial corridor

Negative

• Only 50% of the 200 km fiber network is accepted and billing so far
• Run-rate cash flow for the full network depends on client acceptance by December 2026

Argus Aug 14 session 78 alerts

+27.84% close to close 4730.7x rel. volume Open Argus

Details

News Market Reaction – AKAN

+3.9% Peak Tracked

-49.3% Trough Tracked

$6.43M Market Cap

On Aug 14, the first trading day after this news, AKAN closed 27.84% above the previous close. Argus tracked a peak move of +3.9% during that session. Argus tracked a trough of -49.3% from its starting point during tracking. Our momentum scanner recorded 78 alerts for this stock that day. Relative volume reached 4730.7x the daily average during tracking.

Data tracked by StockTitan Argus for the Aug 14 session.

Key Figures

Operational tower sites: 28 cellular tower sites Completed fiber network: 200 kilometers Fiber accepted and billing: 100 kilometers (50%) +3 more

Operational tower sites

28 cellular tower sites

All fully operational and actively radiating signal

Completed fiber network

200 kilometers

Physical installation completed

Fiber accepted and billing

100 kilometers (50%)

Formally accepted by a network provider and entered billing

Initial lease cash flow

August/September 2026

Expected from the first 100 kilometers

Remaining fiber scheduled

100 kilometers (50%)

Scheduled for client acceptance by December 2026

Full commercial run-rate

January 2027

Projected start of full-network commercial run-rate cash flow

Historical Context

5 past events · Latest: Jun 18

5 events

1. Jun 18

   Nasdaq equity notice

   24h Move

   -17.2%

   Nasdaq equity-compliance notice cited stockholders' equity below the listing requirement.

2. Jun 12

   Nasdaq compliance regained

   24h Move

   +20.5%

   Delayed annual filing restored compliance with Nasdaq's periodic reporting requirement.

3. May 22

   Nasdaq filing notice

   24h Move

   -12.0%

   Missed Form 20-F deadline triggered a Nasdaq noncompliance notice.

4. May 22

   Shareholder meeting cancellation

   24h Move

   +15.6%

   Special meeting was cancelled because the required shareholder quorum was not expected.

5. Apr 29

   Shareholder meeting adjournment

   24h Move

   +48.6%

   Special meeting was adjourned after the required quorum was not present.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

passive infrastructure model, fiber optic infrastructure, run-rate cash flow

3 terms

passive infrastructure model technical

"The Company continues to focus on its passive infrastructure model"

A passive infrastructure model is a business setup where a firm builds, owns, and rents out basic physical assets—like towers, fiber cables, conduits, or power rails—while not providing the active services that run over them. Think of it as owning the pipes and poles in a utility system and leasing capacity to service providers; for investors it matters because revenues tend to come from long-term leases and capacity sales, capital needs and maintenance costs drive returns and cash flow predictability.

fiber optic infrastructure technical

"completed physical installation of 200 kilometers of fiber optic infrastructure"

A network of glass or plastic cables, connectors, switches and related equipment that carries digital data as pulses of light between locations; think of it as the high-speed highway system for internet, phone and cloud traffic. It matters to investors because the amount, quality and location of this physical network determine how much data can be delivered, how fast and reliably services scale, and therefore influence revenue potential, operating costs and long-term capital needs for firms that build or use these networks.

run-rate cash flow financial

"projected to reach full commercial run-rate cash flow beginning January 2027"

An annualized estimate of a company’s cash flow based on recent actual results, calculated by taking cash generated in a short period (for example a quarter or month) and projecting it over twelve months. It matters to investors because it provides a quick snapshot of the current pace at which a business is generating cash—like a speedometer showing momentary speed—helping compare operating performance and liquidity, while not accounting for seasonality, one-time items, or planned changes.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Toronto, Ontario--(Newsfile Corp. - August 13, 2026) - Akanda Corp. (NASDAQ: AKAN) ("Akanda") and its 100% owned subsidiary First Towers & Fiber Corp. ("FTF" or the "Company"), an emerging telecommunications infrastructure developer in Mexico, today announced an update on recent operational milestones and expansion progress, underscoring its continued growth in telecommunications infrastructure.

Core Business and Tower Operations

FTF maintains a portfolio of 28 cellular tower sites, all fully operational and actively radiating signal. The Company continues to focus on its passive infrastructure model, leasing tower assets to a growing roster of network providers.

Fiber Network Deployment and Revenue Timeline

The Company has completed physical installation of 200 kilometers of fiber optic infrastructure. The first 100 kilometers (50%) have been formally accepted by a network provider client and have entered the billing phase, with initial lease cash flow expected in August/September 2026. The remaining 100 kilometers (50%) are scheduled for client acceptance by December 2026. Once fully accepted, the entire 200-kilometer network is projected to reach full commercial run-rate cash flow beginning January 2027.

Regional Expansion in Guanajuato

The fiber deployment marks a strategic expansion into the Guanajuato region, with a specific focus on the Irapuato-Silao industrial corridor — a key local market that the Company believes strengthens its regional presence and service reach.

FTF remains committed to advancing connectivity through strategic infrastructure growth and efficient service delivery, positioning itself as a reliable partner for telecom providers and the communities they serve.

Chris Cooper, President of FTF, stated:

"This update reflects the steady execution of our fiber and tower strategy in Mexico. Completing installation on the full 200-kilometer network, and bringing the first half into billing, is a meaningful step toward the recurring revenue growth we've been building toward. We're equally pleased to extend our footprint into Guanajuato, a corridor that we believe strengthens our position with key partners in the region."

About First Towers & Fiber Corp.

First Towers & Fiber Corp. is an emerging developer of telecommunications infrastructure in Mexico, specializing in cellular tower construction and dark fiber networks. FTF partners with national carriers and technology providers to deliver scalable, reliable, and future-ready connectivity solutions, driving both commercial growth and digital inclusion.

For further information, contact:

AKANDA CORP. GENERAL ENQUIRIES
E: ir@akandacorp.com

Forward-Looking Statements

This press release contains "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) failure to realize the anticipated benefits of Akanda's acquisition of FTF; (iii) the limited operating history of each of Akanda and FTF; (iv) the ability of Akanda and its subsidiaries (collectively, "Akanda Group") to grow and manage growth effectively; (v) the ability of Akanda Group to execute their business plans; (vi) estimates of the size of the markets for Akanda Group's products and services; (vii) the rate and degree of market acceptance of Akanda Group's products and services; (viii) Akanda Group's ability to identify and integrate acquisitions; (ix) future investments in technology and operations; (x) potential litigation involving Akanda Group; (xi) risks relating to the uncertainty of projected financial information; (xii) the effects of competition on Akanda Group's businesses; (xiii) developments and changes in laws and regulations; (xiv) the impact of significant investigative, regulatory or legal proceedings; (xv) general economic and market conditions impacting demand for Akanda Group's products and services; (xvi) the ability to meet Nasdaq's listing standards; (xvii) the ability of Akanda to raise capital, and to issue equity or equity-linked securities in the future; (xviii) the ability of Akanda to manage its significant debt load and liabilities; and (xix) 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/309539

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Akanda (NASDAQ: AKAN) announce about its fiber network on August 13, 2026?

Akanda reported completion of a 200-kilometer fiber network in Mexico. According to Akanda, 100 kilometers are already client-accepted and billing, while the remaining 100 kilometers are scheduled for acceptance by December 2026, with full run-rate cash flow projected from January 2027.

How many cellular towers does First Towers & Fiber operate for Akanda (AKAN)?

First Towers & Fiber operates 28 fully operational cellular tower sites in Mexico. According to Akanda, these towers follow a passive infrastructure model, leasing space to a growing roster of network providers and contributing recurring lease revenue alongside the new fiber assets.

When is Akanda (AKAN) expecting full commercial cash flow from its 200 km fiber network?

Akanda projects full commercial run-rate cash flow from the 200-kilometer fiber network starting January 2027. According to Akanda, half the network is already billing, and the remaining 100 kilometers are planned for client acceptance by December 2026, supporting this cash flow timeline.

How does Akanda’s expansion into Guanajuato affect its telecom infrastructure business?

The expansion into Guanajuato extends Akanda’s fiber network into the Irapuato-Silao industrial corridor. According to Akanda, this deployment strengthens First Towers & Fiber’s regional presence and service reach, positioning it as a more relevant infrastructure partner for telecom providers in that key industrial market.

What revenue timeline did Akanda (NASDAQ: AKAN) outline for its new fiber assets?

Akanda expects initial lease cash flow from the first 100 kilometers in August/September 2026. According to Akanda, the remaining 100 kilometers should be accepted by December 2026, with the full 200-kilometer network reaching commercial run-rate cash flow in January 2027.

What business model does First Towers & Fiber use for Akanda’s tower and fiber assets?

First Towers & Fiber uses a passive infrastructure leasing model for both tower and fiber assets. According to Akanda, it owns and operates 28 cellular towers and a 200-kilometer fiber network, leasing capacity to network providers to generate recurring revenue streams over time.