Akanda Announces No Equity Financing Until Further Notice [Yahoo! Finance]
Akanda Corp. (AKAN)
Company Research
Source: Yahoo! Finance
company, previously announced the completion of several public offerings and the sale of its indirectly wholly-owned Portuguese subsidiary, RPK BioPharma Unipessoal, LDA ("RPK") now announces its plans to pause any potential equity financings for a thirty (30) day period while the Board meets and confers. The Company plans to evaluate and pursue strategic investments in international cannabis plant touching markets as well as ancillary technology services. Since February 1, 2024, the Company completed shelf offerings in the aggregate gross amount of $983,000 and a firm commitment underwritten public offering in the aggregate gross amount of $5,000,000, each before deducting discounts, commission and offering expenses and fees. Furthermore with the sale of RPK, Akanda eliminated approximately $4M of debt and received net cash proceeds of $1,553,750. Interim CEO and Director Katie Field commented, "We have been working around the clock this year to position Akanda to evaluate strategi
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AKAN
News
- Akanda Announces Plans to Enter Blockchain and AI Technology Sector [Yahoo! Finance]Yahoo! Finance
- Akanda Looks to Commercialize and Capitalize on Germany's Legalization of Cannabis, Opening Path to $3BN Market [Yahoo! Finance]Yahoo! Finance
- Akanda Corp. Announces Closing of the Sale of RPK [Yahoo! Finance]Yahoo! Finance
- Akanda Corp. Announces Canmart's Plans for Facebook and Instagram Social Shopping Technology Integration [Yahoo! Finance]Yahoo! Finance
- Akanda to evaluate and enter bitcoin, blockchain, AI segments of cannabis market [Seeking Alpha]Seeking Alpha
AKAN
Sec Filings
- 5/1/24 - Form 20-F
- 4/30/24 - Form NT
- 4/15/24 - Form 6-K
- AKAN's page on the SEC website