Akanda Corp. Announces Pricing of Underwritten Public Offering

Core Points - Akanda Corp. has announced a public offering of 1,500,000 common shares at a price of $1.00 per share, with gross proceeds estimated at approximately$1,500,000 before expenses [2][3] - The offering is expected to close on about October 3, 2024, pending customary closing conditions [3] - The net proceeds will be used for capital expenditures, operating capacity, working capital, potential milestone payments for a Canadian property, general corporate purposes, and refinancing existing debt [3] Company Overview - Akanda Corp. is an international medical cannabis company operating in Europe and North America, focused on cultivating and distributing high-quality medical cannabis and wellness products [5] - The company's mission is to provide safe, reliable, and accessible cannabis products while promoting sustainable business practices [5]