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Akanda Corp. Flags Nasdaq Deficiency After Reporting Negative Equity

Tipranks - Fri Jun 19, 5:02PM CDT

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The latest update is out from Akanda Corp ( (AKAN) ).

On June 18, 2026, Akanda Corp. disclosed that it received a Nasdaq notification on June 16, 2026 stating the company is no longer in compliance with the exchange’s minimum stockholders’ equity requirement of $2.5 million, after reporting negative equity of about $12 million as of December 31, 2025. Nasdaq also found Akanda fails alternative standards for market value and net income, but the notice does not immediately affect its listing, giving the company until July 31, 2026 to submit a remediation plan, and Akanda says it will propose steps to regain compliance, a process that could influence its capital structure and raise uncertainty for shareholders.

If Nasdaq accepts Akanda’s compliance plan, the company could receive up to 180 days from the June 16 notice to restore its standing on the Nasdaq Capital Market. The outcome of this review period will be crucial for Akanda’s continued access to public equity markets as it balances its cannabis operations and Latin American telecom infrastructure ambitions.

More about Akanda Corp

Akanda Corp. operates in the cannabis and telecommunications infrastructure sectors, seeking to cultivate and distribute high-quality cannabis and wellness products through its Canadian subsidiary. Through its wholly owned unit First Towers & Fiber Corp., the company also develops towers and runs a 700+ km fiber-optic network in Mexico’s wireless market, with plans to expand across Latin America.

Average Trading Volume: 2,403,020

Technical Sentiment Signal: Sell

Current Market Cap: $10.33M

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