Akanda Corp. Announces Reverse Stock Split

Core Points - Akanda Corp. announced a 1-for-2 reverse stock split effective November 14, 2024, which was approved by shareholders on March 22, 2024, and the Board of Directors on October 25, 2024 [1][2] - The reverse stock split will reduce the number of outstanding common shares from approximately 4.1 million to approximately 2.0 million, without altering shareholders' percentage interests, except for fractional shares adjustments [2][3] - Vstock Transfer will act as the exchange agent for the reverse stock split, providing instructions to shareholders regarding the exchange of stock certificates [4] Company Overview - Akanda Corp. is a cannabis cultivation, manufacturing, and distribution company focused on providing premium quality medical cannabis products globally [6] - The company is in an early stage of growth, with a limited operating history and minimal revenues to date, aiming to expand its operations and sales channels in international markets, particularly in the United Kingdom [6]