$AKAN

U.S. stock futures rose overnight due to strong tech earnings, with Dow, S&P 500, and Nasdaq futures up 0.18%, 0.20%, and 0.11% respectively. Apple (AAPL) beat Q2 expectations, while Alphabet (GOOG, GOOGL) and Amazon (AMZN) also reported strong results. Akanda (AKAN) surged over 40% on drug reclassification optimism. Reddit (RDDT) shares rose 12% on strong Q1 earnings, while Rivian (RIVN) fell 4% on lack of new details about its R2 SUV.

Akanda Corp (NASDAQ: AKAN) said its 100% subsidiary First Towers & Fiber (FTF) has 28 operational cellular tower sites and completed physical installation of 200 km of fiber in Mexico. The first 100 km was accepted by a client and entered billing, with initial lease cash flow expected Aug-Sep 2026. Full run-rate cash flow is projected from Jan 2027, with expansion into Guanajuato.

Akanda received a non-compliance letter from Nasdaq related to its market value of publicly held shares falling below the minimum $5 million requirement. The company has 180 calendar days to regain compliance. Following the announcement, Akanda's shares experienced a significant decline, dropping 14%.

This article details the intraday movements of 12 health care stocks on Thursday, highlighting both gainers and losers. Notable gainers include Agape ATP, Akanda, and Co-Diagnostics, with significant percentage increases, while stocks like WORK Medical Tech Gr, Wellgistics Health, and Indaptus Therapeutics experienced declines. The article provides market cap and recent earnings report dates for several of the mentioned companies.

Akanda Corp. has delayed its 2025 Annual Report on Form 20-F due to complexities arising from significant operational changes, including the liquidation of its UK cannabis business and the acquisition of a Mexican telecom asset. Despite higher operating expenses, the company saw revenues of $258,075 in 2025 from its new telecom assets and slightly narrowed its net loss. Akanda has committed to filing the report within the 15-day grace period.

Akanda Corp. has implemented a 1-for-4.5 reverse stock split of its common shares, effective April 13, 2026, after receiving shareholder and director approval on March 26, 2026. This consolidation will convert 4.5 existing shares into one new share, with fractional shares being rounded down. The move aims to reshape the company's capital structure, potentially impacting share liquidity and compliance with stock exchange listing requirements.

Akanda Corp. has officially implemented a 1-for-4.5 reverse stock split of its common shares, effective April 13, 2026. This consolidation, documented in Articles of Amendment under Ontario’s Business Corporations Act, reduces the total number of outstanding shares without altering shareholders' proportional ownership. Fractional share entitlements will be rounded down to the nearest whole share.

Akanda Corp.'s subsidiary, First Towers & Fiber Corp. (FTF), expanded its dark fiber network in Central Mexico by 200 km, bringing its total coverage to 900 km. This expansion secured approximately $2 million in 10-year contracted cash flow from existing enterprise customers and strengthens FTF’s presence in the Bajío industrial region. The move is part of Akanda’s strategy to consolidate premium fiber assets across Mexico and build a high-margin digital infrastructure platform.