UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE
13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of May 2026
Commission File Number: 001-41324
AKANDA CORP.
(Name of registrant)
c/o Gowling WLG
100 King St. W, Suite 1600
Toronto, ON M5X 1G5
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
☒
Form 20-F ☐ Form 40-F
Nasdaq
On May 20, 2026, Akanda
Corp. (the “Company”) received a letter from the Listing Qualifications Department of The NASDAQ Stock Market LLC (“Nasdaq”),
notifying the Company that it is not in compliance with the periodic filing requirements for continued listing set forth in Nasdaq Listing
Rule 5250(c)(1) (the “Rule”) as a result of its failure to file its Annual Report on Form 20-F for the fiscal year ended December
31, 2025 (the “Form 20-F”) with the Securities and Exchange Commission (the “SEC”) by the required due date (the
“Nasdaq Notice”).
The Company intends to
file the Form 20-F with the SEC as soon as practicable.
The Company is required
to submit a plan, within 60 calendar days of receiving the Nasdaq Notice, or by July 19, 2026, which outlines the steps the Company expects
to take to become compliant with the Rule. If Nasdaq accepts the Company’s plan, Nasdaq may grant an exception of up to 180 calendar
days from the due date of the Form 20-F, or until November 16, 2026, to regain compliance. However, there can be no assurance that Nasdaq
will accept the Company’s plan to regain compliance or that the Company will be able to regain compliance within any extension period
granted by Nasdaq. If Nasdaq does not accept the Company’s plan, then the Company will have the opportunity to appeal that decision
to a Nasdaq hearings panel.
The Nasdaq Notice has no
immediate effect on the listing or trading of the Company’s common shares, though Nasdaq will broadcast an indicator over its market
data dissemination network noting the Company's noncompliance. If the Company fails to timely regain compliance with the Rule, the Company’s
common shares will be subject to delisting from Nasdaq.
On May 22, 2026, the Company
issued a press release related to the Nasdaq Notice, which is furnished as Exhibit 99.1 hereto.
Forward-Looking Statements
The information contained
herein may contain statements that are not historical in nature but rather are based on management’s beliefs, assumptions, expectations,
estimates and projections about the future. These statements may be "forward-looking statements" within the meaning of Section
21E of the Securities Exchange Act of 1934, as amended, involving a degree of uncertainty and attendant risk. In the case of all forward-looking
statements, actual outcomes and results may differ materially from what the statements predict or forecast, explicitly or by implication.
Factors that could cause or contribute to such differences include, but are not limited to, those included in our prior SEC filings and
the following: (i) the timing and results of the completion of the required procedures and documentation related to the completion of
audit procedures by our independent registered public accounting firm; and (ii) the Company’s ability to file its Annual Report
on Form 20-F for the fiscal year ended December 31, 2025 on a timely basis. The Company undertakes no obligation to revise or update these
forward-looking statements to reflect the occurrence of unanticipated events.
Special Meeting
On May 22, 2026, the Company
issued a press release announcing the cancellation of the special meeting of shareholders of the Company that was to be held at 10:00
am est on Monday, May 25, 2026. A copy of the Press Release is furnished as Exhibit 99.2 hereto.
Exhibit
Number |
|
Description |
| 99.1 |
|
Press Release dated May 22, 2026, regarding Nasdaq Listing |
| 99.2 |
|
Press Release dated May 22, 2026, regarding Company Special Meeting |
SIGNATURES
Pursuant to the requirements of
the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
| |
AKANDA CORP. |
| |
(Registrant) |
| |
|
|
| Date: May 22, 2026 |
By: |
/s/ Katie Field |
| |
|
Name: |
Katie Field |
| |
|
Title: |
Interim Chief Executive Officer and Director |
Exhibit 99.1
Akanda Corp. Announces Receipt of NASDAQ Noncompliance
Letter
TORONTO, ON May 22, 2026 — Akanda Corp.
(NASDAQ: AKAN) (the “Company” or “Akanda”), today announced that the Company is not in compliance with the periodic
filing requirements for continued listing set forth in Nasdaq Listing Rule 5250(c)(1) as a result of its failure to file its Annual Report
on Form 20-F for the fiscal year ended December 31, 2025 with the Securities and Exchange Commission by the required due date.
The Company intends to file the Form 20-F as
soon as practicable.
The Company is required to submit a plan, by
July 19, 2026, which outlines the steps the Company expects to take to regain compliance. If Nasdaq accepts the Company’s plan,
Nasdaq can grant an exception of up to 180 calendar days from the due date of the Form 20-F, or until November 16, 2026, to regain compliance.
However, there can be no assurance that Nasdaq will accept the Company’s plan to regain compliance or that the Company will be able
to regain compliance within any extension period granted by Nasdaq.
The Nasdaq Notice has no immediate effect on
the listing or trading of the Company’s common shares, though Nasdaq makes available to investors a list of non-compliant companies,
which will include Akanda beginning on approximately May 28, 2026. As part of this process, an indicator reflecting the Company’s
non-compliance will be broadcast over Nasdaq’s market data dissemination network and will also be made available to third party
market data providers. If the Company fails to timely regain compliance, the Company’s common shares will be subject to delisting
from Nasdaq.
—Ends—
For further information contact:
AKANDA CORP. GENERAL ENQUIRIES
E: ir@akandacorp.com
About Akanda Corp.
Akanda Corp., through its cannabis subsidiary
with operations in Canada, is seeking to cultivate and distribute 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.
First Towers & Fiber Corp., a wholly-owned
subsidiary of Akanda Corp., is focused on tower development and operating its 700+km fiber optic network in the attractive wireless market
of Mexico, with an intention to expand to other Latin American countries.
Forward-Looking Statements
The information in this press release includes “forward-looking
statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but
are not limited to, statements regarding expectations, hopes, beliefs, intentions, or strategies regarding the future. In addition, any
statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying
assumptions, are forward-looking statements. The words “anticipate,” “believe,” “contemplate,” “continue,”
“could,” “estimate,” “expect,” “forecast,” “intends,” “may,” “will,”
“might,” “plan,” “possible,” “potential,” “predict,” “project,”
“should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words
does not mean that a statement is not forward-looking. Forward-looking statements in this press release may include, for example, the
Company’s ability to regain compliance with applicable Nasdaq standards or comply with the continued listing standards of Nasdaq
even if the Company regains compliance. These forward-looking statements are based on information available as of the date of this press
release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly,
forward-looking statements should not be relied upon as representing views as of any subsequent date, and no obligation is undertaken
to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information,
future events or otherwise, except as may be required under applicable securities laws. As a result of a number of known and unknown risks
and uncertainties, actual results or performance may be materially different from those expressed or implied by these forward-looking
statements. Some factors that could cause actual results to differ include: the ability to maintain the listing of the Company’s
shares on Nasdaq; changes in applicable laws or regulations; the ability to implement business plans, forecasts, and other expectations,
and identify and realize additional opportunities; the risk of downturns and the possibility of rapid change in the highly competitive
industries in which Akanda and its subsidiaries operate; the risk that Akanda and its current and future collaborators are unable to successfully
develop and commercialize Akanda’s products or services, or experience significant delays in doing so; the risk that the Company
may never achieve or sustain profitability; the risk that the Company will need to raise additional capital to execute its business plans,
which may not be available on acceptable terms or at all; the risk that the Company experiences difficulties in managing its growth and
expanding operations; the risk that third-party suppliers and manufacturers are not able to fully and timely meet their obligations; the
risk that Akanda is unable to secure or protect its intellectual property; the possibility that Akanda may be adversely affected by other
economic, business, and/or competitive factors; and other risks and uncertainties described in Akanda’s filings from time to time
with the Securities and Exchange Commission.
Exhibit 99.2
Akanda Corp. Announces Cancellation of Special
Meeting
Toronto, Ontario, May 22, 2026 – Akanda
Corp. (Nasdaq: AKAN) (the “Company”) today announced the cancellation of the special meeting of shareholders that
was to be held at 10:00 am est on Monday, May 25, 2026, which was originally scheduled for March 31, 2026, adjourned to Monday, April
27, 2026 and subsequently further adjourned.
A quorum for the transaction of business at the
Meeting requires the presence, in person or by proxy, of at least two shareholders holding not less than 10% of the Company’s outstanding
shares entitled to vote. As it does not appear that this threshold will be met, no business can be conducted.
About Akanda Corp.
Akanda Corp., through its cannabis subsidiary
with operations in Canada, is seeking to cultivate and distribute 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.
First Towers & Fiber Corp., a wholly-owned
subsidiary of Akanda Corp., is focused on tower development and operating its 700+km fiber optic network in the attractive wireless market
of Mexico, with an intention to expand to other Latin American countries.
Company Contact
ir@akandacorp.com
Forward-Looking Statements
The information in this press release includes
“forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements
include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions, or strategies regarding the future. In
addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including
any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “contemplate,”
“continue,” “could,” “estimate,” “expect,” “forecast,” “intends,”
“may,” “will,” “might,” “plan,” “possible,” “potential,” “predict,”
“project,” “should,” “would” and similar expressions may identify forward-looking statements, but
the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on information
available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments,
risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing views as of any subsequent
date, and no obligation is undertaken to update forward-looking statements to reflect events or circumstances after the date they were
made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
As a result of a number of known and unknown risks and uncertainties, actual results or performance may be materially different from those
expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: the ability
to maintain the listing of the Company’s shares on Nasdaq; changes in applicable laws or regulations; the ability to implement business
plans, forecasts, and other expectations, and identify and realize additional opportunities; the risk of downturns and the possibility
of rapid change in the highly competitive industries in which Akanda and its subsidiaries operate; the risk that Akanda and its current
and future collaborators are unable to successfully develop and commercialize Akanda’s products or services, or experience significant
delays in doing so; the risk that the Company may never achieve or sustain profitability; the risk that the Company will need to raise
additional capital to execute its business plans, which may not be available on acceptable terms or at all; the risk that the Company
experiences difficulties in managing its growth and expanding operations; the risk that third-party suppliers and manufacturers are not
able to fully and timely meet their obligations; the risk that Akanda is unable to secure or protect its intellectual property; the possibility
that Akanda may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties described
in Akanda’s filings from time to time with the Securities and Exchange Commission.
