Akanda Corp.
NASDAQ Capital MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Katharyn Field
- Full Time Employees
- 8
- Sector
- Healthcare
- Industry
- Drug Manufacturers - Specialty & Generic
- Address
- 100 King St. W Toronto ON Canada M5X 1G5
- IPO Date
- Mar 15, 2022
- CIK
- 0001888014
- Website
- akandacorp.com
- Similar Companies
- Business
- Akanda Corp. is a diversified company primarily engaged in the cultivation, manufacture, and distribution of cannabis-based products including medical cannabis and cannabinoid formulations. The company originally focused on premium quality medical cannabis products and cultivation operations in Canada and the UK. Recently, Akanda completed a strategic reverse merger with First Towers & Fiber Corp., a Mexican telecommunications infrastructure firm, substantially expanding its business into the telecommunications sector. This acquisition added over 30 operational revenue-generating cellular towers and a 700-kilometer dark fiber network in Mexico, with plans to further expand by up to 20 additional towers by the end of 2025 to increase network capacity and recurring revenue. Akanda also announced plans to develop THC and CBD farming facilities in Canada, marking an expansion in its cannabis cultivation and processing capabilities. Founded in 2021 and headquartered in London, United Kingdom, the company has shifted from a pre-revenue cannabis enterprise toward a diversified model that integrates telecommunications infrastructure in North America, targeting markets in Canada and Mexico. This strategic diversification aligns with Akanda's recent operational focus on telecom infrastructure growth while maintaining its ongoing cannabis product development efforts.
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