Akanda Corp. Announces Plans to Be Among International First Movers Pending Completion of Landmark Change in US Drug Policy [Yahoo! Finance]
Akanda Corp. (AKAN)
Company Research
Source: Yahoo! Finance
company, today announces it is actively following the landmark change in federal US policy to reschedule cannabis under the Controlled Substances Act ("CSA"). It has been widely reported that as of April 30, 2024 the DEA plans to reclassify cannabis as a Schedule III substance. The Company believes this imminent rescheduling may reinvigorate capital markets and could lead to changes in NASDAQ and NYSE rules on listing plant-touching U.S. companies. Should this occur and provided NASDAQ rule changes, Akanda has strategic plans to become a leader in consolidating US-based operators. A U.S. Department of Health and Human Services ("HHS") report was made public on January 29, 2024. The August 2023 report submitted to the Drug Enforcement Agency (DEA), recommended that cannabis be rescheduled as a Schedule III controlled substance. The DEA's subsequent proposal, which still must be reviewed by the White House Office of Management and Budget, would recognize the medical uses of cannabis a
Show less
Read more
Impact Snapshot
Event Time:
AKAN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
AKAN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
AKAN alerts
High impacting Akanda Corp. news events
Weekly update
A roundup of the hottest topics
AKAN
News
- Akanda Announces Stock Consolidation [Yahoo! Finance]Yahoo! Finance
- Akanda Corp. Receives Notice of Non-Compliance from NASDAQ [Yahoo! Finance]Yahoo! Finance
- Akanda Corp Announces Settlement Agreement with Former CEO Tejinder Virk [Yahoo! Finance]Yahoo! Finance
- Akanda Announces No Equity Financing Until Further Notice [Yahoo! Finance]Yahoo! Finance
- Akanda Announces Plans to Enter Blockchain and AI Technology Sector [Yahoo! Finance]Yahoo! Finance
AKAN
Sec Filings
- 5/20/24 - Form 6-K
- 5/20/24 - Form 424B5
- 5/17/24 - Form 424B5
- AKAN's page on the SEC website