Akanda Corp (AKAN)

[StockLogistics]

“For its IPO, AKAN agreed to offer 4.00 million shares at a price of $4.00 per share, with an insider lock-up period of 180 days, ending on September 11, 2022.

An insider lock-up period is a period of time after a company first goes public where major shareholders are not allowed to sell their shares. The insider lock-up period makes sure that the market does not get oversupplied with shares of the company.

Traders may short the stock leading up to the lockup-period expiration date in hopes that the price will fall due to an increase in supply of shares. Retail traders should be watching this stock's short interest as it moves closer to lockup expiration.”
-6:39p ET 3/16/2022 - Benzinga