Akanda shares surge 28.95% premarket after shareholders approve reverse split and First Towers exchange deal.

think> Okay, let's see. The user wants me to act as a financial analyst explaining a stock's price movement based on recent news. The stock in question is Akanda (AKAN), which is up 28.95% in premarket trading. The task is to link this movement with the provided news events. First, I need to determine the direction and session. The stock is up in premarket, so the session is premarket. The percentage is 28.95042807%, which should be rounded to two decimals, so 28.95%. Next, evaluating the news events. There are several news items listed, some in English and some in French. Let's go through them one by one. The recent news includes Akanda researching security requirements for a full cultivation license (20 days ago), increasing cannabis investment (1 month ago), a 20-tower expansion in Mexico's telecom project (multiple mentions in the last month), a postal strike impacting materials (1 month ago), a convertible note offering (2 months ago), share exchange with First Towers (3 months ago), reverse stock split (3 months ago), and a share exchange agreement 8 months ago. In the French news, there's approval of a reverse stock split (ratios up to 100:1), approval of the First Towers transaction (issuing 4.77 million Class B shares), and debt settlement through issuing shares. Also, the stock price had a 44.86% jump in premarket before closing down 6.33% the previous day. The stock has been down 82% YTD but has a 689k market cap. Now, the key is to find which news events are relevant to the current premarket surge. The most recent news is the 20-tower expansion in Mexico's $7B telecom project. The user mentioned that Akanda's 20-tower expansion was covered in multiple news articles from 1 to 2 months ago. However, the current surge is in premarket. The latest news from the user includes a retransmission about researching security for a cultivation license, but that's from 20 days ago. The French article mentions a 44.86% jump in premarket, which might be the same as the current 28.95% movement, but the details are a bit conflicting. Wait, the user's input says the stock is up 28.95% in premarket, but the French news mentions a 44.86% jump in premarket. Maybe there's a translation or data discrepancy. But the key is to focus on the latest news that could have caused the current movement. The most recent relevant news is the 20-tower expansion in Mexico's telecom project. The user's input has multiple news items about Akanda's expansion in Mexico's telecom, which is a significant project. The French news also mentions the approval of the First Towers transaction and the reverse stock split. However, the reverse stock split was approved by shareholders, which is a positive for liquidity but might not directly cause a surge. The 20-tower expansion seems to be the main catalyst. The news about the expansion in Mexico's $7B project would likely be bullish. The user's input has multiple articles from 1-2 months ago about the expansion leading to a 49% jump and 75% surge. If the current premarket surge is linked to a follow-up or additional news on this expansion, that would make sense. However, the most recent news in the input is about the security requirements for a cultivation license, which might be unrelated. Wait, the user's input under Reason 1 lists several news events, but all of them are from 20 days ago, 1 month ago, etc. The latest news in the input is from 20 days ago about researching security for the cultivation license. But the current movement is in premarket, which might be triggered by a new development not listed here. However, the user's input might not include the latest news. Given the information provided, the most recent relevant news is the 20-tower expansion in Mexico's telecom project. Even though the news is from 1-2 months ago, if the current surge is a continuation or a follow-up (like a new phase or approval), that could be the cause. However, the user's input doesn't mention any new news after the 20-day-old one. Alternatively, the French news mentions a shareholder approval of the reverse stock split and the First Towers transaction. The reverse stock split could make the stock more affordable, increasing liquidity. The approval of the First Towers transaction (issuing shares) might be seen as a positive step, confirming the deal and potentially boosting investor confidence. The user's input also mentions that the stock had.