AKANDA CORP. NOTICE OF ANNUAL GENERAL AND SPECIAL MEETING TO BE HELD ON NOVEMBER 22, 2022

NOTICE OF ANNUAL GENERAL AND SPECIAL MEETING

TO BE HELD ON NOVEMBER 22, 2022

MANAGEMENT INFORMATION CIRCULAR

NOTICE OF ANNUAL GENERAL AND SPECIAL MEETING

OF SHAREHOLDERS (the "Notice")

NOTICE IS HEREBY GIVEN that an annual general

and special meeting (the "Meeting") of the holders (the "Shareholders") of common shares (the "Common

Shares") of Akanda Corp. (the "Corporation") will be held at the offices of Dentons UK and Middle East LLP at

1 Fleet Pl, London EC4M 7RA, United Kingdom on Tuesday, November 22, 2022 at 2:00 p.m. (London time).

The Meeting is being held for the following purposes:

The accompanying information circular (the "Information

Circular") provides additional information relating to each of the matters to be addressed at the Meeting. Shareholders are directed

to read the Information Circular carefully and in full to evaluate the matters to be considered at the Meeting.

The record date for the determination of the Shareholders

entitled to receive notice of and to vote at the Meeting or any adjournment(s) or postponement(s) thereof is November 4,

2022 (the "Record Date"). Shareholders of the Corporation whose names have been entered in the register of shareholders

of the Corporation at the close of business on the Record Date will be entitled to receive notice of and to vote at the Meeting or any

adjournment(s) or postponement(s) thereof.

If you are a Registered Shareholder

and are unable to attend the Meeting or any adjournment(s) or postponement(s) thereof, please date, sign and return the accompanying

form of proxy (the "Proxy") for use at the Meeting or any adjournment(s) or postponement(s) thereof in accordance

with the instructions set forth in the Proxy and Information Circular. The Corporation's transfer agent recommends that shareholders vote

in advance of the Meeting.

If you are a Non-Registered Beneficial Shareholder,

a voting information form (also known as a VIF), instead of a form of proxy, may be enclosed. You must follow the instructions provided

by your intermediary in order to vote your Common Shares.

DATED at Toronto, Ontario this 1st day of November, 2022.

("Akanda" or the "Corporation")

MANAGEMENT INFORMATION CIRCULAR

This management information circular (the "Information

Circular") is dated November 1, 2022 and is furnished in connection with the solicitation of proxies by and on behalf of

the management of the Corporation ("Management") for use at the annual general and special meeting (the "Meeting")

of shareholders of the Corporation (the "Shareholders") to be held at the offices of Dentons UK and Middle East LLP at

1 Fleet Pl, London EC4M 7RA, United Kingdom on Tuesday, November 22, 2022 at 2:00 p.m. (London time) for the purposes set out

in the notice of Meeting (the "Notice") accompanying this Information Circular.

Solicitation of Proxies

Solicitation of proxies for the Meeting will be

primarily by mail, the cost of which will be borne by the Corporation. Proxies may also be solicited personally by employees of the Corporation

at nominal cost to the Corporation. In some instances, the Corporation has distributed copies of the Notice, the Information Circular,

and the accompanying form of proxy (the "Proxy", and collectively with the Notice and Information Circular, the "Documents")

to clearing agencies, securities dealers, banks and trust companies, or their nominees (collectively "Intermediaries",

and each an "Intermediary") for onward distribution to Shareholders whose common shares in the capital of the Corporation

(the "Common Shares") are held by or in the custody of those Intermediaries ("Non-registered Shareholders").

Solicitation of proxies from Non-registered Shareholders

will be carried out by Intermediaries, or by the Corporation if the names and addresses of Non-registered Shareholders are provided by

Non-registered Shareholders who have received

the Documents from their Intermediary should, other than as set out herein, follow the directions of their Intermediary with respect to

the procedure to be followed for voting at the Meeting. Generally, Non-registered Shareholders will either:

If you are a Non-registered Shareholder, and the

Corporation or its agent has sent these materials directly to you, your name and address and information about your holdings of securities

have been obtained from your Intermediary in accordance with applicable securities regulatory requirements. By choosing to send the Documents

to you directly, the Corporation (and not your Intermediary) has assumed responsibility for (i) delivering the Documents to you,

and (ii) executing your proper voting instructions.

Appointment of Proxyholders

The persons named in the enclosed Proxy are directors

and/or officers of the Corporation. SHAREHOLDERS HAVE THE RIGHT TO APPOINT A PERSON TO REPRESENT HIM, HER OR IT AT THE MEETING OTHER

THAN THE PERSON[S] DESIGNATED IN THE PROXY either by striking out the names of the persons designated in the Proxy and by inserting

the name of the person or company to be appointed in the space provided in the Proxy or by completing another proper form of proxy and,

in either case, delivering the completed proxy to Endeavor Trust Corporation by: (i) mail or hand delivery to Endeavor Trust Corporation

at 702 - 777 Hornby Street, Vancouver, BC, V6Z 1S4; or (ii) by fax at 604-559-8908. Alternatively, you may vote by Internet at www.eproxy.ca

and clicking "Vote". All instructions are listed on the enclosed Proxy. Your proxy or voting instructions must be received in

each case no later than 2:00 p.m. (London time) on November 18, 2022 or, if the Meeting is adjourned, at least 48 hours (excluding

Saturdays, Sundays and statutory holidays in the Province of Ontario) before the beginning of any adjournment to the Meeting.

A Shareholder who has given a proxy pursuant to

this solicitation may revoke it at any time up to and including the last business day preceding the day of the Meeting or any adjournment(s) or

postponement(s) thereof at which the proxy is to be used:

Voting of Proxies and Discretion Thereof

Common Shares represented by properly executed

proxies in favour of persons designated in the printed portion of the enclosed Proxy WILL, UNLESS OTHERWISE INDICATED, BE VOTED FOR

THE ELECTION OF DIRECTORS, FOR THE RE-APPOINTMENT OF BF BORGERS CPA PC, AS THE AUDITORS OF THE CORPORATION AND FOR THE AUTHORIZATION OF

THE AUDIT COMMITTEE OF THE BOARD TO FIX THE AUDITORS' REMUNERATION AND TERMS OF ENGAGEMENT, FOR THE BY-LAW RESOLUTION AND FOR THE INCENTIVE

PLAN RESOLUTION. The Common Shares represented by the Proxy will be voted or withheld from voting in accordance with the instructions

of the Shareholder on any ballot that may be called for and, if the Shareholder specifies a choice with respect to any matter to be acted

upon, the Common Shares will be voted accordingly. The enclosed Proxy confers discretionary authority on the persons named therein with

respect to amendments or variations to matters identified in the Notice or other matters which may properly come before the Meeting. At

the date of this Information Circular, management knows of no such amendments, variations or other matters to come before the Meeting.

However, if other matters properly come before the Meeting, it is the intention of the persons named in the enclosed Proxy to vote such

proxy according to their best judgment.

SECURITIES AND RECORD DATE

The voting securities of the Corporation consist

of an unlimited number of Common Shares and an unlimited number of preferred shares (the "Preferred Shares").

Pursuant to the by-laws of the Corporation, a

quorum for the transaction of business at the Meeting shall be not less than two person holding or representing by proxy not less than

10% of the votes attached to all shares entitled to be voted at the Meeting.

The close of business on November 4, 2022

will act as the record date (the "Record Date") for the determination of Shareholders entitled to receive notice of the

Meeting and any adjournment(s) or postponement(s) thereof. Accordingly, only Shareholders of record on the Record Date are entitled

to vote at the Meeting or any adjournment(s) thereof.

The registered holders of Common Shares are shown

on the list of Shareholders which is available for inspection during usual business hours at Endeavor Trust Corporation at 702 - 777 Hornby

Street, Vancouver, BC, V6Z 1S4 and at the Meeting. The list of Shareholders will be prepared not later than ten days after the Record

Date. If a person has acquired ownership of shares since that date, he, she or it may establish such ownership and demand, not later than

ten days before the Meeting, that his, her or its name be included in the list of Shareholders.

OF MATTERS TO BE ACTED UPON

Presentation of Financial Statements

The audited consolidated financial statements

of the Corporation for the year ended December 31, 2021, together with the auditors' report thereon and the related management's

discussion and analysis (the "MD&A"), will be presented to the Shareholders at the Meeting or any adjournment(s) or

postponement(s) thereof for their consideration.