Akanda to implement 1-for-3.125 reverse stock split next week

TORONTO - Akanda Corp. (NASDAQ:AKAN) announced Friday it will implement a 1-for-3.125 reverse stock split effective August 26, 2025. The cannabis cultivation company, currently trading at $1.31 and down 50% over the past year, will continue trading under the ticker "AKAN" when markets open on that date. According to InvestingPro analysis, the stock shows significant volatility with a beta of 1.61.

The reverse split, approved by shareholders on April 30 and by the board on August 8, will reduce Akanda’s outstanding common shares from approximately 2.27 million to about 728,000. The company’s new CUSIP number will be 00971M502 and the new ISIN code will be CA00971M5028.

According to the announcement, the reverse split will affect all shareholders uniformly without altering their percentage interest in the company’s outstanding shares, except for adjustments resulting from fractional shares. Fractional shares will be rounded down to the nearest whole number with no cash payments made in lieu of fractional shares.

Outstanding options, warrants and other convertible securities will be proportionally adjusted according to their terms.

Shareholders with shares in book-entry form or held through banks or brokers will see the impact reflected in their accounts on or after August 26. Those holding physical stock certificates will receive instructions from Vstock Transfer, which is acting as the exchange agent for the reverse split.

The company plans to file Articles of Amendment with the Ontario Ministry of Public and Business Service Delivery before the effective date of the reverse stock split.

Based on a press release statement, Akanda describes itself as a cannabis cultivation, manufacturing and distribution company focused on providing medical cannabis products to patients worldwide. Financial data from InvestingPro reveals the company generated revenue of $0.84 million in the last twelve months, with a gross profit margin of 25%. While the company holds more cash than debt, InvestingPro analysis indicates rapid cash burn and negative EBITDA of $4.36 million. Subscribers can access 6 additional ProTips and comprehensive financial metrics to better understand the company’s position.

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