First Towers & Fiber Corp. Delivers First Cash Flow from New 200 KM Fiber Network, Eyes Expansion with Client
Akanda’s First Towers & Fiber unit begins recurring cash flow from its 200 km fiber build while exploring additional capacity with its client.
Rhea-AI Summary
Akanda (AKAN) and subsidiary First Towers & Fiber Corp. collected their first cash lease payment in August 2026 from a new 200‑kilometer fiber network in Mexico, marking the shift from construction to recurring revenue generation.
Technical delivery of the fiber network is progressing ahead of expectations, with only a few kilometers awaiting client sign-off and full operational acceptance targeted before December 2026. The initial deployment is described as strategically valuable for the client’s regional coverage, and FTF is in discussions to add more fiber kilometers to expand the joint network footprint. All 28 cellular tower sites remain 100% active and continue to generate steady recurring lease income, supporting the company’s transition toward a telecommunications infrastructure revenue model.
Positive
- First cash lease payment collected in August 2026 from the 200 km fiber network, confirming transition from build-out to active revenue generation.
- Fiber network technical delivery ahead of schedule, with full operational acceptance targeted before December 2026.
- Initial 200 km fiber deployment described as strategically valuable for the client’s regional coverage, supporting expansion discussions for additional fiber kilometers.
- All 28 cellular tower sites are 100% active and radiating, providing steady recurring lease income.
Negative
- None.
News Explained
After FTF’s first cash lease payment in
Market Reaction – AKAN
Following this news, AKAN has gained 19.79%, reflecting a significant positive market reaction. Our momentum scanner has triggered 55 alerts so far, indicating high trading interest and price volatility. The stock is currently trading at $4.40. Trading volume is exceptionally heavy at 1041.1x the average, suggesting very strong buying interest.
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Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Aug 13 | Fiber network completion | Positive | +27.8% | Completed 200-kilometer network and entered initial billing phase |
| Jun 18 | Nasdaq equity notice | Negative | -17.2% | Nasdaq identified stockholders’ equity deficiency threatening continued listing |
| Jun 12 | Nasdaq compliance restored | Positive | +20.5% | Company regained compliance after filing its delayed annual report |
| May 22 | Nasdaq filing notice | Negative | -12.0% | Late annual filing triggered Nasdaq noncompliance and potential delisting risk |
| May 22 | Special meeting cancellation | Neutral | +15.6% | Meeting was cancelled because the required shareholder quorum was not expected |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Historical price reactions aligned with the direction of four of five comparable news events, while the special-meeting cancellation diverged.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Toronto, Ontario--(Newsfile Corp. - September 4, 2026) - Akanda Corp. (NASDAQ: AKAN) ("Akanda") and its
First Cash Lease Payment Collected
FTF successfully collected its first cash lease payment in August 2026 from its new 200-kilometer fiber build-out, marking the Company's transition from network build-out to active revenue generation. The second monthly invoice was submitted in August, with cash collection scheduled for September/October 2026. Revenue realization on the network remains fully on track.
Technical Delivery Ahead of Schedule
Technical delivery of the Company's fiber network is advancing ahead of Company expectations, with only a few remaining kilometers pending client sign-off. The Company believes that it is well positioned to achieve full operational acceptance of the network ahead of its December 2026 target.
Strategic Value Driving Expansion Discussions
The initial 200-kilometer fiber network deployment has proven strategic for the client's regional coverage. Building on this success, FTF is now in discussions with the client to secure the allocation of additional fiber kilometers, positioning the Company to expand its joint network footprint further.
Tower Portfolio Continues to Deliver Steady Income
The Company's tower portfolio remains a reliable contributor to recurring revenue, with all 28 cellular tower sites
Chris Cooper, President of FTF, stated: "Collecting our first cash lease payment on the new fiber network is a defining moment for First Towers & Fiber Corp. — it validates the strategy we've been executing and marks our transition into a recurring revenue business. With technical delivery ahead of schedule, our tower portfolio performing consistently, and active discussions underway to expand our fiber footprint with our client, we see strong momentum heading into 2027."
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.
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/312942