Akanda Corp Announces Reverse Stock Split

Akanda Corp (AKAN) has released an update.

Akanda Corp., a global medical cannabis firm, has announced a 1-for-40 reverse stock split of its ordinary shares to take effect on May 23, 2024. This strategic move, approved by both directors and shareholders, aims to consolidate shares and will not alter any shareholder’s percentage interest, barring fractional share adjustments. The stock will continue to trade on The Nasdaq Capital Market under the ticker AKAN, maintaining the company’s commitment to providing quality and affordable medical cannabis products.

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