Akanda Corporation Announces $7 Million Convertible Note Offering

Reuters01-20 21:04

Akanda Corporation Announces $7 Million Convertible Note Offering

Akanda Corporation $(AKAN)$ has announced the execution of a securities purchase agreement with institutional investors for a private placement of 12-month convertible promissory notes totaling $7.0 million. The company plans to allocate up to $2.3 million for marketing, approximately $2.6 million for working capital and general corporate purposes, and up to $2.1 million for debt repayment. The closing of the transaction is expected to occur on January 21, 2026, subject to customary closing conditions. Further details are available in the source version of the press release at https://www.newsfilecorp.com/release/280918.

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: 280918) on January 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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