Akanda Corp. Completes Share Exchange with First Towers & Fiber Corp., Plans to Seek Shareholder Approval for Special Shares Issuance

Reuters08-23

<a href="https://laohu8.com/S/AKAN">Akanda Corp</a>. Completes Share Exchange with First Towers & Fiber Corp., Plans to Seek Shareholder Approval for Special Shares Issuance

Akanda Corp. has announced the completion of its share exchange transaction with First Towers & Fiber Corp. According to the updated Share Exchange Agreement, Akanda has acquired all common shares of First Towers. In exchange, Akanda will issue convertible Class A and Class B Special Shares to the former shareholders of First Towers, contingent upon receiving shareholder approval in upcoming special meetings. Additionally, a 24-month promissory note will be issued to one former First Towers shareholder, and Akanda will assume existing debts and liabilities of First Towers. This transaction aligns with Akanda's focus on developing its Canadian farming property in British Columbia for THC and CBD facilities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Akanda Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-079913), on August 22, 2025, and is solely responsible for the information contained therein.

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Completes Share Exchange with First Towers &amp; Fiber Corp., Plans to Seek Shareholder Approval for Special Shares Issuance\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Akanda Corp. has announced the completion of its share exchange transaction with First Towers &amp; Fiber Corp. According to the updated Share Exchange Agreement, Akanda has acquired all common shares of First Towers. In exchange, Akanda will issue convertible Class A and Class B Special Shares to the former shareholders of First Towers, contingent upon receiving shareholder approval in upcoming special meetings. Additionally, a 24-month promissory note will be issued to one former First Towers shareholder, and Akanda will assume existing debts and liabilities of First Towers. 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Completes Share Exchange with First Towers & Fiber Corp., Plans to Seek Shareholder Approval for Special Shares Issuance\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-08-23 04:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/AKAN\">Akanda Corp</a>. Completes Share Exchange with First Towers &amp; Fiber Corp., Plans to Seek Shareholder Approval for Special Shares Issuance\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Akanda Corp. has announced the completion of its share exchange transaction with First Towers &amp; Fiber Corp. According to the updated Share Exchange Agreement, Akanda has acquired all common shares of First Towers. In exchange, Akanda will issue convertible Class A and Class B Special Shares to the former shareholders of First Towers, contingent upon receiving shareholder approval in upcoming special meetings. Additionally, a 24-month promissory note will be issued to one former First Towers shareholder, and Akanda will assume existing debts and liabilities of First Towers. 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