Akanda Corp

Akanda Corp. informed NASDAQ that its annual report on Form 20-F for year‑end 2025 was not filed on time and must submit a compliance restoration plan by July 19, 2026. If accepted, NASDAQ may grant an extension up to November 16, 2026; failure to regain compliance could result in delisting. The company is under financial pressure (negative EBITDA of USD 3.68 million, market capitalization USD 12.54 million) and shows high share volatility (beta 14.61); Akanda operates cannabis activities in Canada and also owns a 700+ km fiber‑optic network in Mexico. » More on de.investing.com

Akanda has completed a private placement of US$7 million in convertible notes with a 12‑month term to institutional investors. The proceeds are to provide up to US$2.3 million for marketing, about US$2.6 million for working capital and up to US$2.1 million for debt repayment. Univest Securities acted as sole placement agent, Ruskin Moscou Faltischek served as legal counsel, and the securities were not registered under the Securities Act, making them subject to trading restrictions in the US. Despite revenue growth of 183.67% over the past twelve months, Akanda points to rapid cash burn and a "significant indebtedness"; the company also recently acquired First Towers and Fiber Corp. » More on de.investing.com