Akanda (NASDAQ: AKAN) raises $7.0M in 12‑month convertible notes

Rhea-AI Filing Summary

Akanda Corp. completed a private placement of 12‑month convertible promissory notes with institutional investors for an aggregate purchase price of $7.0 million. These notes can be converted into common shares under their terms and were sold in a transaction not registered under U.S. securities laws.

The company plans to use up to $2.3 million for marketing, approximately $2.6 million for working capital and general corporate purposes, and up to $2.1 million to address debt. Univest Securities, LLC acted as exclusive placement agent, and Ruskin Moscou Faltischek PC served as transaction and securities counsel.

Insights

Capital structure and financing analyst

Akanda adds $7.0M of short‑term convertible debt to fund operations, marketing and debt reduction.

Akanda Corp. issued 12‑month convertible promissory notes to institutional investors for an aggregate purchase price of $7.0 million in a private placement. The notes are convertible into common shares, meaning creditors may eventually become shareholders depending on the specific conversion terms described in the company’s filings.

The company allocates up to $2.3 million to marketing, about $2.6 million to working capital and general corporate purposes, and up to $2.1 million to pay down debt. The transaction adds near‑term obligations while also providing liquidity and some debt refinancing capacity. Because both the notes and any conversion shares are unregistered under the Securities Act of 1933, future resale activity would rely on registration or applicable exemptions as outlined in subsequent disclosures.

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Form 6-K: How Foreign Companies Report to the SEC →

Accepted by SEC EDGAR 01/23/2026 - 05:25 PM Learn about SEC filing dates

FAQ

What financing did Akanda Corp. (AKAN) announce in this 6-K?

Akanda Corp. announced the closing of a private placement of 12‑month convertible promissory notes with institutional investors for an aggregate purchase price of $7.0 million.

How will Akanda Corp. (AKAN) use the $7.0 million in proceeds?

Akanda plans to use up to $2.3 million for marketing, approximately $2.6 million for working capital and general corporate purposes, and up to $2.1 million to address debt obligations.

What type of securities did Akanda Corp. (AKAN) issue?

The company issued 12‑month convertible promissory notes in a private placement. These notes may be converted into common shares according to their terms.

Are Akanda Corp.’s new notes and conversion shares registered with the SEC?

No. The notes and the common shares issuable upon their conversion have not been registered under the U.S. Securities Act of 1933 or state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption.

Who advised Akanda Corp. (AKAN) on the $7.0 million note offering?

Univest Securities, LLC acted as the exclusive placement agent for the offering, and Ruskin Moscou Faltischek PC served as transaction and securities counsel to the company.

Where can investors find more details about Akanda Corp.’s convertible notes?

Additional details about the notes and the transaction are available in Akanda’s Form 6-K filed on January 20, 2026 with the U.S. Securities and Exchange Commission and accessible at www.sec.gov.

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 January 2026

Commission File Number:  001-41324

AKANDA CORP.

(Name of registrant)

1a, 1b Learoyd Road 

New Romney TN28 8XU, United Kingdom 

(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

Exhibit No.		Description
99.1		Press Release dated January 23, 2026

1

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:  January 23, 2026	By:	/s/ Katie Field
		Name:	Katie Field
		Title:	Interim Chief Executive Officer and Director

2

Exhibit 99.1

Akanda Announces Closing of $7.0 Million Convertible Note Offering

Toronto, Ontario, January 23, 2026 (Newsfile) - Akanda Corp. (“Akanda” or the “Company”) (NASDAQ: AKAN) today announced the closing of its previously announced transaction with institutional investors for the purchase and sale of 12 month, convertible promissory notes for an aggregate purchase price of $7.0 million, in a private placement transaction.

The Company shall use the proceeds from the sale of the notes for (i) marketing purposes of up to $2.3 million, (ii) working capital and general corporate purposes of approximately $2.6 million and (iii) up to $2.1 million to be used for debt.

Univest Securities, LLC acted as the exclusive placement agent in connection with the offering. Ruskin Moscou Faltischek PC acted as transaction and securities counsel to the Company.

The notes and the common shares issuable upon the conversion of the notes have not been registered under the Securities Act of 1933, as amended, or any state securities laws and, until so registered, may not be offered or sold in the United States or any state absent registration or an applicable exemption from registration requirements.

Additional details regarding the notes and the transaction are available in the Company’s Form 6-K, filed on January 20, 2026 with the U.S. Securities and Exchange Commission and available at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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, including but not limited to, post-closing obligations of the Company with respect to the Transaction.

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 the Company’s acquisition of First Towers and Fiber Corp. (the “Transaction”); (iii) the limited operating history of the Company and its subsidiaries; (iv) the ability of the Company to grow and manage its growth effectively; (v) the ability of the Company to execute its business plans; (vi) estimates of the size of the markets for the Company’s products and services; (vii) the rate and degree of market acceptance of the Company’s products and services; (viii) the Company’s ability to identify and integrate acquisitions; (ix) future investments in technology and operations; (x) potential litigation involving the Company; (xi) risks relating to the uncertainty of the projected financial information with respect to First Towers; (xii) the effects of competition on the Company’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 the Company’s products and services; (xvi) the ability to meet Nasdaq’s listing standards; (xvii) the ability the Company to issue equity or equity-linked securities in connection with the Transaction or in the future; (xviii) the ability of the Company to manage its significant debt load and liabilities; (xix) such other risks and uncertainties as are discussed in the Company’s Annual Report on Form 20-F filed with the SEC or in other documents the Company files from time to time with the SEC. The Company 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 the Company’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 the Company 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 the Company 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 the Company’s reports and statements filed from time-to-time with the Securities and Exchange Commission.