Akanda Corp (AKAN): Akanda receives Nasdaq notification reg...

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Monday, 07/10/2023 9:56:16 AM

Monday, July 10, 2023 9:56:16 AM

Akanda receives Nasdaq notification regarding minimum bid price deficiency ...AGAIN

International medical cannabis platform company Akanda Corp. ("Akanda" or the “Company”) (NASDAQ: AKAN) today announced that the Company has received a written notification (the “Notification Letter”) on July 3, 2023 from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that it is not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2). It resulted from the fact that the closing bid price of the Company's common shares, no par value ("Common Shares"), was below $1.00 per share for a period of 30 consecutive business days.

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