Akanda Corp. (NASDAQ: AKAN) announced the cancellation of its special shareholder meeting that was scheduled for May 25, 2026, according to a company statement.

The meeting, originally planned for March 31, 2026, had been previously adjourned to April 27, 2026, and subsequently postponed again before its final cancellation.

The company cited insufficient attendance as the reason for the cancellation. A quorum requires the presence of at least two shareholders holding not less than 10% of the company's outstanding shares entitled to vote. The company stated it does not appear this threshold will be met, preventing any business from being conducted.

The Toronto-based company operates through cannabis subsidiaries in Canada and owns First Towers & Fiber Corp., which manages tower development and operates a fiber optic network spanning more than 700 kilometers in Mexico.