Akanda (AKAN) IPO Surges on Open, Halts

Today's IPO for Akanda Corp (NASDAQ: AKAN) opened for trading at $30 after pricing 4,000,000 common shares at $4. Shares were halted shortly after the open.

Boustead Securities, LLC is acting as the lead underwriter on the Offering.

Akanda is an international medical cannabis and wellness platform company seeking to help people lead better lives through improved access to high quality and affordable products. The Company is building a seed-to-patient supply chain, connecting patients in the UK and Europe with diverse products including cannabis products cultivated at its competitively advantaged grow operation in the Kingdom of Lesotho and with other trusted third-party brands. Akanda’s initial portfolio includes Bophelo Bioscience & Wellness, a GACP qualified cultivation campus in the Kingdom of Lesotho in Southern Africa, and CanMart, a UK-based fully licensed pharmaceutical importer and distributor which supplies pharmacies and clinics within the UK.

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