Akanda Corp (AKAN) has released an update.
Akanda Corp., an international medical cannabis company, has announced an underwritten public offering of common shares and pre-funded warrants priced at around $0.1217 each, aiming to raise approximately $5 million. The proceeds are intended for capital investments, operational enhancements, debt repayment, and potential acquisitions. The offering is set to close around March 27, 2024, pending customary closing conditions.
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