Full Press Release Details
Akanda Corp. Regains Compliance with Nasdaq
Periodic Filing Requirement
Filing of Annual Report on Form 20-F for Fiscal
2025 Restores Compliance with Nasdaq Listing Rule 5250(c)(1)
TORONTO, ON June 12, 2026 - Akanda Corp.
(NASDAQ: AKAN) (the "Company" or "Akanda"), today announced that on June 10, 2026, it received written notice
from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") confirming that the Company has regained
compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic financial reports
with the U.S. Securities and Exchange Commission (the "SEC").
On May 20, 2026, Nasdaq notified the Company that
it was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of its failure to file its Annual Report on Form 20-F for the
fiscal year ended December 31, 2025 (the "Form 20-F"). On June 9, 2026, the Company filed the Form 20-F with the SEC. Accordingly,
Nasdaq has determined that the matter is closed.
For further information contact:
AKANDA CORP. GENERAL ENQUIRIES
Akanda Corp., through its cannabis subsidiary
with operations in Canada, is seeking to cultivate and distribute 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 practices.
First Towers & Fiber Corp., a wholly-owned
subsidiary of Akanda Corp., is focused on tower development and operating its 700+km fiber optic network in the attractive wireless market
of Mexico, with an intention to expand to other Latin American countries.
Forward-Looking Statements
The information in this press release includes
"forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking
statements include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions, or strategies regarding the
future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances,
including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "contemplate,"
"continue," "could," "estimate," "expect," "forecast," "intends,"
"may," "will," "might," "plan," "possible," "potential," "predict,"
"project," "should," "would" and similar expressions may identify forward-looking statements, but
the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this press release may
include the risks and uncertainties described in Akanda's filings from time to time with the SEC. Akanda undertakes no obligation
to revise or update any forward-looking statements, except as required by applicable laws or regulations, to reflect events or circumstances
after the date of this press release.