Akanda Closes $7 Million Convertible Note Offering

Reuters01-26 15:50

Akanda Closes $7 Million Convertible Note Offering

Akanda Corporation $(AKAN)$ has announced the closing of a $7.0 million private placement of 12-month convertible promissory notes with institutional investors. Proceeds from the offering will be allocated as follows: up to $2.3 million for marketing purposes, approximately $2.6 million for working capital and general corporate purposes, and up to $2.1 million for debt repayment. Univest Securities, LLC served as the exclusive placement agent, and Ruskin Moscou Faltischek PC acted as transaction and securities counsel. The full details of 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.

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: 0001213900-26-007340), on January 23, 2026, and is solely responsible for the information contained therein.

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