24/7 Market News Snapshot 01 October, 2025 – Akanda Corp. Common Shares (NASDAQ:AKAN)

October 1, 2025

DENVER, Colo., 01 October, 2025 (www.247marketnews.com) – (NASDAQ:AKAN) are discussed in this article.
Akanda Corp. is experiencing a significant surge in its stock, with a recent opening price of $4.64 and a remarkable climb to $8.195, representing an increase exceeding 88%. This surge follows a previous session close at $4.355 and has generated heightened interest among investors, evident in the trading volume of 4.37 million shares. Chart analysis indicates potential for further upward momentum, suggesting a promising outlook for traders and stakeholders.

In conjunction with its stock performance, Akanda is also advancing in the telecommunications sector through a partnership with First Towers & Fiber Corp. (FTF) on the ambitious Red Compartida project, aimed at enhancing connectivity in Mexico. This landmark initiative, spearheaded by Altán Redes, focuses on developing a comprehensive LTE/4G network with a vision of transitioning towards 5G in the future, catering to approximately 100 million people and addressing the digital divide.

FTF’s role as a prime contractor in this project is crucial, as it strives to establish a shared wireless network that will reach over 92% of the population, including underserved communities often overlooked by traditional service providers. Currently, over 11,383 telecommunications towers have been installed, significantly improving internet access in various regions.

The Red Compartida project benefits from substantial financial commitments, with total investments expected to exceed USD $7 billion. Significant funding, including approximately MXN$30 billion (around USD $1.8 billion) allocated for installations and infrastructure, underscores the project’s importance in improving digital connectivity. Supported by key financial partners such as the International Finance Corporation and Morgan Stanley, this public-private endeavor not only enhances coverage but also aims to foster economic growth and elevate the quality of life through increased digital inclusion, aligning perfectly with Akanda’s objectives in expanding essential services.

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