Welcome to our dedicated page for AKANDA news (Ticker: AKAN), a resource for investors and traders seeking the latest updates and insights on AKANDA stock.
Akanda Corp. (NASDAQ: AKAN) generates news across both the cannabis and telecommunications infrastructure sectors. Company announcements highlight its work through cannabis subsidiaries with operations in Canada, focused on cultivating and distributing medical cannabis and wellness products, as well as its activities through First Towers & Fiber Corp., a wholly owned subsidiary that develops and operates telecom towers and a dark fiber network in Mexico.
News updates about Akanda often cover regulatory and licensing developments in cannabis, such as operating under a hemp cultivation license in British Columbia, researching security requirements for a full cultivation license, and extending an option on a Canadian cultivation asset. These releases describe plans to develop THC and CBD assets, implement Health Canada–aligned security measures, and pursue milestones related to cultivation and product sales.
On the telecommunications side, Akanda’s news frequently focuses on First Towers’ infrastructure buildout in Mexico. Articles describe an existing base of approximately 30 operational revenue-generating towers and a 700-kilometer dark fiber network, long-term lease agreements, and participation as a preferred contractor in the Altán Redes Red Compartida national telecom project. Additional coverage details plans to construct or acquire up to 20 new towers, with the goal of strengthening coverage, increasing network capacity, and supporting recurring revenue.
Investors and observers can also find news on corporate and capital markets events, including special meetings of shareholders, share consolidations (reverse stock splits), proxy procedures, and commentary on broader cannabis policy developments. This news page brings together these updates so readers can follow how Akanda’s cannabis operations and telecom infrastructure initiatives evolve over time.
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.
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.
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