Full Press Release Details
Akanda Adjourns Shareholder Meeting
Toronto, Ontario, April 7, 2026 -
Akanda Corp. (NASDAQ: AKAN) ("Akanda" or the "Company") today announced that on March 31, 2026,
it convened and subsequently adjourned its Special Meeting of Shareholders (the "Meeting") without transacting any
business due to the absence of a quorum.
The Meeting has been adjourned and will
be reconvened in person in Toronto, Ontario on Monday, April 27, 2026 at 10:00 a.m. (Eastern Time). The adjournment provides the Company
with additional time to solicit proxies from shareholders in order to achieve the required quorum. The location, including the URL for
the online simulcast, will remain the same for the adjourned meeting.
A quorum for the transaction of business
at the Meeting requires the presence, in person or by proxy, of at least two shareholders holding not less than 10% of the Company's
outstanding shares entitled to vote. As this threshold was not met, no business could be conducted.
The record date for determining shareholders
entitled to vote at the reconvened Meeting remains the close of business on February 26, 2026. Shareholders who have already submitted
their votes do not need to take any further action, as previously submitted proxies will be voted at the reconvened Meeting unless properly
The Company strongly encourages all
shareholders to vote their shares promptly upon receipt of proxy materials to ensure their participation at the reconvened Meeting.
If you have any questions or require
assistance in voting your shares, please contact the Company using the contact information provided below.
Akanda Corp., through its cannabis subsidiaries
with operations in Canada, is dedicated to cultivating and distributing high-quality cannabis and wellness products that improve lives.
Its mission is to provide safe, reliable, and accessible cannabis products to consumers worldwide while promoting sustainable business
About First Towers & Fiber Corp.
First Towers & Fiber Corp. is
a primary operating subsidiary of Akanda, and is an emerging developer of telecommunications infrastructure in Mexico, specializing in
cellular tower construction and dark fiber networks. FTF partners with national carriers and technology providers to deliver scalable,
reliable, and future-ready connectivity solutions, driving both commercial growth and digital inclusion.
Forward-Looking Information
This press release contains "forward-looking
information" and "forward-looking statements" (collectively, "forward-looking statements") within
the meaning of applicable Canadian and U.S. securities laws. All statements in this release that are not historical facts are forward-looking
statements, including, but not limited to, statements regarding the timing and outcome of the reconvened Meeting, the Company's
ability to obtain a quorum, the solicitation of proxies, and any future plans, objectives, or expectations of the Company.
Forward-looking statements are often
identified by words such as "anticipate," "believe," "expect," "intend," "plan,"
"forecast," "project," "will," "may," "should," "could," and similar
expressions. These statements are based on management's current expectations and assumptions, including, but not limited to, assumptions
regarding shareholder participation, the effectiveness of proxy solicitation efforts, and general business and market conditions.
Forward-looking statements are subject
to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially
from those expressed or implied by such forward-looking statements. These risks and uncertainties include, without limitation, the risk
that a quorum may not be achieved at the reconvened Meeting, changes in applicable laws or regulations, market conditions, and other risk
factors described in the Company's public filings with Canadian securities regulators and with the U.S. Securities and Exchange
Although the Company believes that the
expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to
be correct. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update
or revise any forward-looking statements, except as required by applicable law.