Akanda Extends Option on British Columbia Cannabis Asset

Reuters10-20

Akanda Extends Option on British Columbia Cannabis Asset

Akanda Corporation has announced the extension of its option on a British Columbia asset for an additional two years, strengthening its commitment to cannabis investment. The company, currently operating under a hemp cultivation license, aims to obtain a full cultivation license to develop both THC and CBD assets at its Gabriola Island facility. The expansion will involve milestone-based payments tied to THC and CBD cultivation as well as product sales. The facility is expected to benefit from the region's favorable climate, supporting the production of premium, sustainable cannabis and hemp.

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 Newsfile (Ref. ID: 270992) on October 20, 2025, and is solely responsible for the information contained therein.

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