US Market News
3週前
Akanda Announces Receipt of Nasdaq Notice Regarding Minimum Stockholders' Equity RequirementJune 18, 2026 5:00 PM
NewsfileToronto, Ontario--(Newsfile Corp. - June 18, 2026) - Akanda Corp. (NASDAQ: AKAN) (the "Company" or "Akanda"), today announced that it received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") on June 16, 2026 indicating that the Company is not in compliance with Nasdaq Listing Rule 5550(b)(1), which requires companies listed on The Nasdaq Capital Market to maintain a minimum of $2.5 million in stockholders' equity for continued listing.As reported in the Company's Annual Report on Form 20-F for the fiscal year ended December 31, 2025, the Company reported stockholders' equity of $-11,990,437. Nasdaq also determined that the Company does not meet the alternative continued listing standards relating to market value of listed securities or net income from continuing operations.The notification has no immediate effect on the listing of the Company's common shares on The Nasdaq Capital Market. Under Nasdaq rules, the Company has 45 calendar days, or until July 31, 2026, to submit a plan to regain compliance. If Nasdaq accepts the Company's plan, Nasdaq may grant an extension of up to 180 calendar days from the date of the notice to regain compliance.The Company intends to submit a compliance plan within the prescribed timeframe and is evaluating various alternatives to regain compliance with the applicable listing requirements.—Ends—For further information contact: AKANDA CORP. GENERAL ENQUIRIES
E: ir@akandacorp.comAbout Akanda Corp.Akanda Corp., through its cannabis subsidiary with operations in Canada, is seeking to cultivate and distribute high-quality cannabis and wellness products that improve lives. Its mission is to provide safe, reliable, and accessible cannabis products to consumers worldwide while promoting sustainable business practices.First Towers & Fiber Corp., a wholly-owned subsidiary of Akanda Corp., is focused on tower development and operating its 700+km fiber optic network in the attractive wireless market of Mexico, with an intention to expand to other Latin American countries. Forward-Looking StatementsThe information in this press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions, or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "forecast," "intends," "may," "will," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this press release may include statements regarding the Company's plans to regain compliance with Nasdaq listing requirements, and the risks and uncertainties described in Akanda's filings from time to time with the SEC. Akanda undertakes no obligation to revise or update any forward-looking statements, except as required by applicable laws or regulations, to reflect events or circumstances after the date of this press release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302121 Original: Akanda Announces Receipt of Nasdaq Notice Regarding Minimum Stockholders' Equity Requirement
iHub News
4週前
Akanda Shares Surge After Restoring Nasdaq Compliance (AKAN)June 12, 2026 8:56 AM
IH Market News Akanda Corp. (NASDAQ:AKAN) shares climbed 22% in premarket trading on Friday after the company announced it had regained compliance with Nasdaq’s listing requirements following the submission of its delayed annual report. The move removes a regulatory overhang that had weighed on the stock after the company was previously notified of a filing deficiency. Nasdaq Confirms Compliance Akanda disclosed that it received written confirmation from Nasdaq on June 10 stating that it had returned to compliance with Listing Rule 5250(c)(1). The rule requires listed companies to file periodic financial reports with the U.S. Securities and Exchange Commission on a timely basis. The confirmation follows the company’s recent efforts to bring its reporting obligations up to date. Delayed Annual Report Triggered Deficiency Notice Nasdaq informed Akanda on May 20 that it was no longer compliant with the exchange’s reporting requirements after failing to file its Annual Report on Form 20-F for the fiscal year ended December 31, 2025. The company subsequently submitted the required filing to the SEC on June 9. Following the filing, Nasdaq reviewed the matter and confirmed that the deficiency had been resolved, formally closing the case. Regulatory Milestone Removes Uncertainty Regaining compliance is an important step for Akanda, as continued non-compliance could have exposed the company to further regulatory action, including the potential risk of delisting. With the filing issue now resolved, management can refocus attention on business operations and strategic priorities rather than regulatory matters. The announcement was welcomed by investors, driving a sharp increase in the stock during premarket trading. Cannabis and Wellness Focus Based in Toronto, Akanda operates a cannabis business in Canada through its subsidiary operations. The company focuses on the cultivation, production and distribution of cannabis and wellness products, serving markets within the regulated cannabis sector. The latest Nasdaq notification provides greater certainty around the company’s listing status and removes a key concern that had recently weighed on investor sentiment. Akanda stock price Original: Akanda Shares Surge After Restoring Nasdaq Compliance (AKAN)
US Market News
4週前
Akanda Corp. Regains Compliance with Nasdaq Periodic Filing RequirementJune 12, 2026 8:00 AM
NewsfileFiling of Annual Report on Form 20-F for Fiscal 2025 Restores Compliance with Nasdaq Listing Rule 5250(c)(1)Toronto, Ontario--(Newsfile Corp. - June 12, 2026) - Akanda Corp. (NASDAQ: AKAN) (the "Company" or "Akanda"), today announced that on June 10, 2026, it received written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") confirming that the Company has regained compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic financial reports with the U.S. Securities and Exchange Commission (the "SEC"). On May 20, 2026, Nasdaq notified the Company that it was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of its failure to file its Annual Report on Form 20-F for the fiscal year ended December 31, 2025 (the "Form 20-F"). On June 9, 2026, the Company filed the Form 20-F with the SEC. Accordingly, Nasdaq has determined that the matter is closed.-Ends-For further information contact: AKANDA CORP. GENERAL ENQUIRIES
E: ir@akandacorp.comAbout Akanda Corp.Akanda Corp., through its cannabis subsidiary with operations in Canada, is seeking to cultivate and distribute high-quality cannabis and wellness products that improve lives. Its mission is to provide safe, reliable, and accessible cannabis products to consumers worldwide while promoting sustainable business practices.First Towers & Fiber Corp., a wholly-owned subsidiary of Akanda Corp., is focused on tower development and operating its 700+km fiber optic network in the attractive wireless market of Mexico, with an intention to expand to other Latin American countries. Forward-Looking StatementsThe information in this press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions, or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "forecast," "intends," "may," "will," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this press release may include the risks and uncertainties described in Akanda's filings from time to time with the SEC. Akanda undertakes no obligation to revise or update any forward-looking statements, except as required by applicable laws or regulations, to reflect events or circumstances after the date of this press release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301241 Original: Akanda Corp. Regains Compliance with Nasdaq Periodic Filing Requirement
US Market News
2月前
Akanda Corp. Announces Receipt of NASDAQ Noncompliance LetterMay 22, 2026 4:30 PM
NewsfileToronto, Ontario--(Newsfile Corp. - May 22, 2026) - Akanda Corp. (NASDAQ: AKAN) (the "Company" or "Akanda"), today announced that the Company is not in compliance with the periodic filing requirements for continued listing set forth in Nasdaq Listing Rule 5250(c)(1) as a result of its failure to file its Annual Report on Form 20-F for the fiscal year ended December 31, 2025 with the Securities and Exchange Commission by the required due date.The Company intends to file the Form 20-F as soon as practicable.The Company is required to submit a plan, by July 19, 2026, which outlines the steps the Company expects to take to regain compliance. If Nasdaq accepts the Company's plan, Nasdaq can grant an exception of up to 180 calendar days from the due date of the Form 20-F, or until November 16, 2026, to regain compliance. However, there can be no assurance that Nasdaq will accept the Company's plan to regain compliance or that the Company will be able to regain compliance within any extension period granted by Nasdaq. The Nasdaq Notice has no immediate effect on the listing or trading of the Company's common shares, though Nasdaq makes available to investors a list of non-compliant companies, which will include Akanda beginning on approximately May 28, 2026. As part of this process, an indicator reflecting the Company's non-compliance will be broadcast over Nasdaq's market data dissemination network and will also be made available to third party market data providers. If the Company fails to timely regain compliance, the Company's common shares will be subject to delisting from Nasdaq.-Ends-For further information contact: AKANDA CORP. GENERAL ENQUIRIES
E: ir@akandacorp.comAbout Akanda Corp.Akanda Corp., through its cannabis subsidiary with operations in Canada, is seeking to cultivate and distribute high-quality cannabis and wellness products that improve lives. Its mission is to provide safe, reliable, and accessible cannabis products to consumers worldwide while promoting sustainable business practices.First Towers & Fiber Corp., a wholly-owned subsidiary of Akanda Corp., is focused on tower development and operating its 700+km fiber optic network in the attractive wireless market of Mexico, with an intention to expand to other Latin American countries. Forward-Looking StatementsThe information in this press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions, or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "forecast," "intends," "may," "will," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this press release may include, for example, the Company's ability to regain compliance with applicable Nasdaq standards or comply with the continued listing standards of Nasdaq even if the Company regains compliance. These forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing views as of any subsequent date, and no obligation is undertaken to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. As a result of a number of known and unknown risks and uncertainties, actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: the ability to maintain the listing of the Company's shares on Nasdaq; changes in applicable laws or regulations; the ability to implement business plans, forecasts, and other expectations, and identify and realize additional opportunities; the risk of downturns and the possibility of rapid change in the highly competitive industries in which Akanda and its subsidiaries operate; the risk that Akanda and its current and future collaborators are unable to successfully develop and commercialize Akanda's products or services, or experience significant delays in doing so; the risk that the Company may never achieve or sustain profitability; the risk that the Company will need to raise additional capital to execute its business plans, which may not be available on acceptable terms or at all; the risk that the Company experiences difficulties in managing its growth and expanding operations; the risk that third-party suppliers and manufacturers are not able to fully and timely meet their obligations; the risk that Akanda is unable to secure or protect its intellectual property; the possibility that Akanda may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties described in Akanda's filings from time to time with the Securities and Exchange Commission. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298615 Original: Akanda Corp. Announces Receipt of NASDAQ Noncompliance Letter
US Market News
2月前
Akanda Corp. Announces Cancellation of Special MeetingMay 22, 2026 2:00 PM
NewsfileToronto, Ontario--(Newsfile Corp. - May 22, 2026) - Akanda Corp. (NASDAQ: AKAN) (the "Company") today announced the cancellation of the special meeting of shareholders that was to be held at 10:00 am est on Monday, May 25, 2026, which was originally scheduled for March 31, 2026, adjourned to Monday, April 27, 2026 and subsequently further adjourned.A quorum for the transaction of business at the Meeting requires the presence, in person or by proxy, of at least two shareholders holding not less than 10% of the Company's outstanding shares entitled to vote. As it does not appear that this threshold will be met, no business can be conducted. About Akanda Corp.Akanda Corp., through its cannabis subsidiary with operations in Canada, is seeking to cultivate and distribute high-quality cannabis and wellness products that improve lives. Its mission is to provide safe, reliable, and accessible cannabis products to consumers worldwide while promoting sustainable business practices.First Towers & Fiber Corp., a wholly-owned subsidiary of Akanda Corp., is focused on tower development and operating its 700+km fiber optic network in the attractive wireless market of Mexico, with an intention to expand to other Latin American countries.Company Contactir@akandacorp.comForward-Looking StatementsThe information in this press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions, or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "forecast," "intends," "may," "will," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing views as of any subsequent date, and no obligation is undertaken to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. As a result of a number of known and unknown risks and uncertainties, actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: the ability to maintain the listing of the Company's shares on Nasdaq; changes in applicable laws or regulations; the ability to implement business plans, forecasts, and other expectations, and identify and realize additional opportunities; the risk of downturns and the possibility of rapid change in the highly competitive industries in which Akanda and its subsidiaries operate; the risk that Akanda and its current and future collaborators are unable to successfully develop and commercialize Akanda's products or services, or experience significant delays in doing so; the risk that the Company may never achieve or sustain profitability; the risk that the Company will need to raise additional capital to execute its business plans, which may not be available on acceptable terms or at all; the risk that the Company experiences difficulties in managing its growth and expanding operations; the risk that third-party suppliers and manufacturers are not able to fully and timely meet their obligations; the risk that Akanda is unable to secure or protect its intellectual property; the possibility that Akanda may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties described in Akanda's filings from time to time with the Securities and Exchange Commission. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298613 Original: Akanda Corp. Announces Cancellation of Special Meeting
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