Akanda Corp. Closes Its First Day of Trading on The NASDAQ Capital Market

Akanda Corp. Closes Its First Day of Trading on The NASDAQ Capital Market

LONDON–(BUSINESS WIRE)–Akanda Corp. (NASDAQ: AKAN) (“Akanda” or the “Company”), an international medical cannabis company, today commenced the trading of its common shares on The Nasdaq Capital Market under the ticker symbol “AKAN”. The common shares closed their first day of trading above the offering price at $10.50. On March 14, 2022, the Company priced its underwritten public offering (the “Offering”) of 4,000,000 common shares at a public offering price of $4.00 per share. The gross proceeds to the Company from the Offering were $16,000,000, before deducting underwriting discounts, commissions, and other expenses. Boustead Securities, LLC acted as the lead underwriter for the Offering. The securities described above are being sold by Akanda pursuant to a registration statement, as amended, filed by the Company with the Securities and Exchange Commission (the “SEC”), which was declared effective on March 14, 2022. The Offering has been made only by means of a prospectus. A copy of the final prospectus related to the Offering may be obtained, when available, from Boustead Securities, LLC, via email: offerings@boustead1828.com or by calling +1 (949) 502-4408 or standard mail at Boustead Securities, LLC, Attn: Equity Capital Markets, 6 Venture, Suite 395, Irvine, CA 92618, USA. In addition, a copy of the final prospectus relating to the Offering may be obtained via the SEC’s website at http://www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Akanda Corp. Akanda is an international medical cannabis and wellness platform company seeking to help people lead better lives through improved access…

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Source : Akanda Corp. Closes Its First Day of Trading on The NASDAQ Capital Market

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