Akanda shares rise 10.18% premarket after closing $7 million convertible note offering.
ByAinvest
Friday, Jan 23, 2026 9:11 am ET1min read
AKAN--
Akanda Corp. (NASDAQ: AKAN) rose 10.18% in premarket trading following the announcement of a $7.0 million convertible note offering. The proceeds will be allocated to marketing ($2.3 million), working capital ($2.6 million), and debt reduction ($2.1 million). This financing, secured through a private placement with institutional investors, signals improved liquidity and operational flexibility for the company. While other news items referenced legal developments or unrelated topics, the primary catalyst aligns with the positive premarket price action.
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