Akanda shares surge 27.91% after hours as cannabis subsidiary extends BC asset option and advances full cultivation license plans.

Akanda Corp. surged 27.91% in after-hours trading following two key developments: (1) its subsidiary First Towers & Fiber securing a preferred contractor role in Mexico’s $7B Altán Redes Red Compartida telecom project, positioning it to build up to 20 new towers by 2025, and (2) progress in advancing Health Canada-compliant security measures at its British Columbia cannabis site, with a two-year option extension and plans for THC/CBD licensing. The telecom expansion aligns with recurring revenue potential from infrastructure growth, while the cannabis initiative highlights strategic moves toward full cultivation licensing amid projected market expansion. These developments collectively signaled near-term operational scalability and long-term growth opportunities, driving investor optimism.