Akanda Corp (AKAN)

[Scumbag Fraudsters]

TOLD YA

The clock has been restarted for this CONpany.

Now they can run another six months under a buck without being delisted.

$16,000,000 IPO that went mostly into insider pockets, entire negligent management team replaced (probably with same), and a major asset still bogged down in bankruptcy court.

International medical cannabis platform company Akanda Corp. an Ontario company, today announced that it received a notification letter (the “Notification Letter on Compliance”) from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (the “Nasdaq”) dated March 27, 2023, indicating that the Company has regained compliance with the minimum bid price requirement set forth in Rule 5550(a)(2) of the Nasdaq Listing Rules (the “Minimum Bid Price Requirement”).

According to the Notification Letter on Compliance, the staff of Nasdaq has determined that for the last 12 consecutive business days, from March 9 to March 24, 2023, the closing bid price of the Company’s Common Shares has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2) and the matter has been closed.