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AKAN new 52 week low
Did you know Akanda had liquidated its Lesotho assets?
I thought it was still bogged down in court.
If they never PR'd it, that's a failure to disclose material information. But when did Halo or its subsidiary ever care about laws or investors?
I'm still waiting for SCAM 1 to distribute shares of SCAM 2.
Nov. 25, 2022
Akanda Pulls Out Of Lesotho Amid Ongoing Legal Battle, Bruce Linton Joins SynBiotic, & Ananda Completes Acquisition
The NASDAQ-listed international medical cannabis operator announced last week that it will abandon its operations in Lesotho following a legal battle with a disgruntled former director.
In July, BusinessCann reported that Akanda’s wholly owned subsidiary in the Southern African country had been placed into liquidation by its former Executive Chairman Louisa Mojela and the Mophuti Matsoso Development Trust (MMD Trust), which she founded.
Ms Mojela was one of the six board members who were thrown out of the company on June 23 following a coup from ‘concerned shareholders’ who held a collective 54% stake in the company.
In what Akanda has described as an act of ‘retaliation’, Ms Mojela filed the ‘unauthorised’ application ‘without Akanda’s prior authorisation, knowledge or consent’ with the Lesotho High Court to place the company into liquidation.
At the time, Akanda said it would ‘pursue all of its available legal rights’ to reverse the liquidation, and seek to recover ‘significant loans it has made to Bophelo’ to fund its business plan, following its acquisition last year.
On November 16, however, the company said that ‘after careful consideration’ it has made the decision to ‘cease involvement in Bophelo’s Lesotho operations’.
Instead of continuing the legal battle, Akanda has apparently chosen to cut its losses and ‘assert its rights as a creditor’ of Bophelo.
Despite this, the company maintains its position that Ms Mojela acted ‘unilaterally for her own interest, without warning or notice, in breach of contract, fiduciary duty, and in a manner that was likely to bring the Company or Group Companies into disrepute’.
Ms Mojela has also launched legal action against Akanda, alleging wrongful termination of her service agreement. Akanda says it intends to ‘vigorously defend’ its position and seek compensation from Ms Mojela.
Akanda’s CEO Tej Virk said that despite the loss of one of Akanda’s key facilities, his company is continuing on its path to ‘operational profitability’.
“The Company has been forced into a position to exit Lesotho due to the unauthorised liquidation of Bophelo,” he added.
“However, having a presence in Africa was always about building for the long term and making a social impact on Lesotho’s communities. Fortuitously, we have seen higher demand from German buyers for products produced in Portugal over Lesotho due to quality and evolving EU cannabis import regulations. As such, Akanda is proving that it can more than offset this African cultivation operation with its Portuguese operation to meet German demand.”
https://businessofcannabis.com/?p=8794/quote]
Won't matter, it's as futile as trying to sweep the ocean.
There NEEDS to be an investigation - Halo too.
Back to pinkyland soon. 👏
Say goodbye to Nasdaq.
AKAN new 52 week low
Cograts - you made 7¢ per share today.
You'd have to own a lot to buy a tofu burger (although they should be paying people to eat them).
'gram is way down from July - I hope you got in under $1.85.
Maybe in 114 days you & your family can share a disgusting Tofurky. 😋
ARE YOU FING HIGH?
OGI is the best in test og the bunch
There ya go - load some sixty-centers.
Just don't get caught out when she hits two bits.
Or will that insider run her back over a buck again to save the Nasdaq status?
A scam like this doesn't belong on Nasdaq. And presumably the SEC can take more action on a Nasdaq ticker than a Pink POS like Halo if someone were to submit a fraud complaint. 
The Man In Black wrote about this POS
That's good, you can use them on your ramen. 
i got the lemon and butter
It's a game run by the mafia, AFAIC. You're playing with the enemy.
I'd say you're lucky to have walked away with bus fare - you knew the game was rigged when you sat down.
Have you made back all you lost in the IPO?
I just don't get why someone who got reamed till they bled would keep coming back for more.
This has been a complete failure since the IPO and investors lost millions.
I loathe these crooks and want to see 'em all locked up. Ain't no way in heel I'd purchase a share of anything related to Halo!
There are thousands of other opportunities, why choose one that does nothing but rip off investors and F up everything they touch?
Bophelo is still mired in bankruptcy court.
Knowingly participating in a scam makes you part of it.
I know it's disgraceful that someone who got reamed by Halo is still doing business with these crooks when there are thousands of other and better opportunities.
Just because you're making money from it doesn't make it acceptable - like being a paid assassin for the mob.
Someone on another board today said I'll be eating crow soon.
YUMMO! My mouth is waterin'.
And for desert...
Who wants T-bone every day?
Better head to the store - looks like shares are on sale again.
Might not see $1 again until they receive another delist warning in November.
There's certainly NO GOOD REASON for this apparently dead scam to be trading this high (or at all, imo).
There hasn't been ANY good news since the IPO 15 months ago.
I wonder who those fools are and why they paid 90¢ for a turd that was 70¢ two days before when there's been NO NEWS.
And today they already in the red.
You tried to out-scam the scammers.
Now they're eatin' T-bone and you paid the bill, including the tip.
Uh oh - I see a dessert trolley and a bottle of Dom Pérignon arriving at the table.
Akanda con announces termination of loan agreement
Another step closer to insolvency?
Akanda Corp. ...announces that Akanda and Veridia Canada Ltd. (the “Lender”) have mutually agreed to terminate the loan agreement between the parties previously announced on April 18, 2023 (the “Loan Agreement”). Akanda has returned all funds provided under the terms of the Loan Agreement and has no further obligations owing to the Lender pursuant to the Loan Agreement.
Is it time to admit I was right about this scam?
Maybe when it hits 50¢?
Or when it's delisted for real?
Nevermind
Evidently it takes hours for ihub to catch up with the rest of the world.
Now it's even lower than the first time I looked.
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