Akanda Corp. (NASDAQ: AKAN) received a notice from NASDAQ stating the company failed to comply with periodic filing requirements for continued listing. The cannabis and telecommunications company did not file its Annual Report on Form 20-F for the fiscal year ended December 31, 2025, by the required due date.

The company stated it intends to file the Form 20-F as soon as practicable, according to a press release issued May 22, 2026.

Under NASDAQ rules, Akanda must submit a compliance plan by July 19, 2026, outlining steps to regain compliance. If NASDAQ accepts the plan, the exchange can grant an extension of up to 180 calendar days from the original due date, or until November 16, 2026, for the company to regain compliance.

The noncompliance notice does not immediately affect the listing or trading of Akanda's common shares. However, NASDAQ will include the company on its list of non-compliant companies beginning approximately May 28, 2026. An indicator reflecting the company's non-compliance will be broadcast over NASDAQ's market data network and made available to third-party data providers.

If Akanda fails to regain compliance within any granted extension period, its common shares will be subject to delisting from NASDAQ.

Akanda operates through subsidiaries in cannabis cultivation and distribution in Canada, as well as telecommunications infrastructure in Mexico through its wholly-owned subsidiary First Towers & Fiber Corp., which operates a fiber optic network spanning more than 700 kilometers.