Akanda Corp. Announces 1-for-10 Reverse Stock Split Effective April 14, 2026

Akanda Corp. has announced plans to implement a reverse stock split of its common shares, according to a statement released on April 9, 2026. The company confirmed that the reverse stock split will take effect at a ratio of 1-for-10, meaning every ten shares of Akanda’s common stock will be consolidated into one share. This adjustment is set to occur as part of efforts to meet certain regulatory requirements and maintain compliance with listing standards.

The reverse stock split is scheduled to become effective at the close of business on April 14, 2026. Following this change, Akanda’s common shares will begin trading on a post-split basis when markets open on April 15, under the same ticker symbol “AKAN.” The company clarified that fractional shares resulting from the split will be rounded up to the nearest whole share for shareholders who hold less than one full share after consolidation. Additionally, Akanda stated that there would be no change in the total authorized number of shares or any impact on shareholder voting rights due to this action.

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Date: April 9, 2026

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GOAI