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Akanda Corp Trading Halted: News Pending
ByAinvest
Tuesday, Aug 26, 2025 10:07 am ET1min read
Akanda Corp's trading has been halted due to pending news. Elevate Your Investing Strategy with TipRanks Premium at 50% off, unlocking powerful investing tools and expert analyst insights to help you invest with confidence.
Akanda Corp (AKAN) has seen its trading halted due to pending news. The company, which specializes in medical cannabis solutions, has been actively updating investors with significant developments in its operations and financial strategies. The latest announcement is a reverse stock split, scheduled to take effect on August 26, 2025 [1].This reverse stock split, approved by shareholders and the board of directors, will reduce the number of outstanding shares from approximately 2.27 million to 728,000. The new CUSIP number will be 00971M502, and the shares will continue to trade under the symbol "AKAN." The split will also adjust all outstanding options, warrants, and convertible securities proportionally, with fractional shares rounded down to the nearest whole number [1].
In addition to the reverse stock split, Akanda has recently secured a hemp cultivation license in Canada, further expanding its operations in the cannabis market. This license is part of Akanda's broader strategy to establish a strong presence in the Canadian cannabis industry [2].
The company has also been actively involved in various financial transactions, including share exchange agreements and public offerings. These moves reflect Akanda's commitment to growth and strategic expansion.
Investors should closely monitor these developments, as they can significantly impact the company's financial performance and stock price. The halt in trading allows for the implementation of the reverse stock split and ensures that all shareholders are appropriately informed and adjusted.
For the latest updates on Akanda Corp, investors can refer to the official news hub on the company's website or consult financial news platforms for comprehensive coverage [1].
References:
[1] https://www.stocktitan.net/news/AKAN/
[2] https://www.tradingview.com/news/reuters.com,2025-08-22:newsml_NFC9WR4bc:0-akanda-corp-announces-reverse-stock-split/
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