AKANDA CORP. NOTICE OF SPECIAL MEETING TO BE HELD ON MARCH 31, 2026 AND MANAGEMENT INFORMATION CIRCULAR FEBRUARY 26, 2026 AKANDA CORP. NOTICE OF SPECIAL MEETING OF SHAREHOLDERS (the "Notice") NOTICE IS HEREBY GIVEN that

NOTICE OF SPECIAL MEETING

TO BE HELD ON MARCH 31, 2026

MANAGEMENT INFORMATION CIRCULAR

NOTICE OF SPECIAL MEETING OF SHAREHOLDERS (the

NOTICE IS HEREBY GIVEN that a special meeting

(the "Meeting") of the holders (the "Shareholders") of common shares (the "Common Shares")

of Akanda Corp. (the "Corporation") will be held in person at the offices of Gowling WLG (Canada) LLP, Suite 1600,

100 King Street, West, Toronto, ON M5X 1G5, on Tuesday, March 31, 2026 at 10:00 a.m. (Toronto time).

The Meeting will also be simulcast on the Zoom

platform, where you can observe the Meeting at:

If a password or meeting ID is required on sign

on, please use the following:

Meeting ID: 813 9361 2192

Those observing the Meeting through the Zoom

platform will not be able to speak or interact with other participants in the Meeting or other Shareholders, and will not be able to vote

at the Meeting. Any Shareholders wishing to vote at the Meeting must attend the Meeting in person or provide the Corporation with a duly

completed proxy as set out in the accompanying information circular (the "Information Circular").

The Meeting is being held for the following purposes:

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 February 25, 2026 (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)

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. To vote your proxy online please use the control number listed on the bottom

of the enclosed form of proxy and visit: https://vote.odysseytrust.com. All instructions are listed on the back of the enclosed

form of Proxy. 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 26th,

day of February, 2026.

or the "Corporation")

MANAGEMENT INFORMATION CIRCULAR

This management information circular (the "Information

Circular") is dated February 26, 2026 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 special meeting (the "Meeting") of holders

of common shares of the Corporation (the "Shareholders") to be held at the offices of Gowling WLG (Canada) LLP, Suite

1600, 100 King Street, West, Toronto, ON M5X 1G5, on Tuesday, March 31, 2026 at 10:00 a.m. (Toronto time), for the purposes set out in

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

GENERAL PROXY INFORMATION

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 indirectly, the Intermediary holding on your behalf has assumed responsibility for (i) delivering the Documents to you, and (ii)

executing your proper voting instructions.

Appointment of Proxyholders

The individuals named in the accompanying form

of proxy are officers and/or directors of the Corporation (collectively, "Management's Nominees"). A SHAREHOLDER

WISHING TO APPOINT SOME OTHER PERSON (WHO NEED NOT BE A SHAREHOLDER) TO REPRESENT HIM, HER OR IT AT THE MEETING HAS THE RIGHT TO DO SO,

EITHER BY STRIKING OUT THE NAMES OF MANAGEMENT'S NOMINEES NAMED IN THE ACCOMPANYING FORM OF PROXY AND INSERTING THE DESIRED PERSON'S

NAME IN THE BLANK SPACE PROVIDED IN THE FORM OF PROXY OR BY COMPLETING ANOTHER FORM OF PROXY.

A Proxy will not be valid unless the completed

form of proxy is received by Odyssey Trust Company at Proxy Department, #1100 - 67 Yonge Street, Toronto, Ontario M5E 1J8, Canada, not

less than 48 hours (excluding Saturdays, Sundays and holidays) before the time for holding the Meeting or any adjournment thereof. Proxies

delivered after that time will not be accepted.

A Shareholder who has given a Proxy may revoke

it by an instrument in writing executed by the Shareholder or by his, her or its attorney authorized in writing or, where the Shareholder

is a corporation, by a duly authorized officer or attorney of the corporation, and delivered to the registered office of the Corporation,

at Gowling WLG (Canada) LLP, 100 King Street West, Suite 1600, Toronto, Ontario M5X 1G5 at any time up to and including the last business

day preceding the day of the Meeting, or if adjourned, any reconvening thereof, or to the Chairman of the Meeting on the day of the Meeting

or, if adjourned, any reconvening thereof or in any other manner provided by law. A revocation of a Proxy does not affect any matter on

which a vote has been taken prior to the revocation.

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 APPROVAL OF THE AMENDMENT RESOLUTION (AS DEFINED HEREIN). 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.

VOTING 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.

Pursuant to the by-laws of the Corporation, a

quorum for the transaction of business at the Meeting shall be not less than two persons present in person and holding or representing

by proxy not less than 10% of the votes attached to all shares entitled to be voted at the Meeting. The holders of the Corporation's

Class A Special Shares will not vote on any of the proposals described in this Information Circular.

The close of business on February 25, 2026, will