Akanda Corporation Announces $12 Million Convertible Note Offering to Expand Operations and Strengthen Balance Sheet

Reuters10-01

Akanda Corporation Announces $12 Million Convertible Note Offering to Expand Operations and Strengthen Balance Sheet

Akanda Corporation $(AKAN)$ has announced the closing of a $12 million convertible note offering as part of its latest private placement. The proceeds from this financing will be used to expand the company's British Columbia site, support marketing initiatives, and strengthen working capital. With approximately 728,000 shares outstanding following a recent reverse split, Akanda maintains one of the leanest floats on the Nasdaq, amplifying the impact of its operational milestones. The company's disciplined approach to financing positions it to capitalize on growth opportunities in both infrastructure and therapeutic wellness sectors.

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 ACCESS Newswire (Ref. ID: 1080488) on September 30, 2025, and is solely responsible for the information contained therein.

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