24/7 Market News Snapshot 16 October, 2025 – Akanda Corp. Common Shares (NASDAQ:AKAN)

October 16, 2025

DENVER, Colo., 16 October, 2025 (www.247marketnews.com) – (NASDAQ:AKAN) are discussed in this article.
Akanda Corp. (NASDAQ:AKAN) is currently experiencing significant trading momentum, having opened at $2.35 and surged to $2.605, reflecting a 10.85% increase. This robust performance is underscored by a substantial trading volume of 773.32K shares, signaling strong investor interest. The stock’s upward trend could potentially break through the $2.50 resistance level, with market observers encouraged to watch for consolidation patterns or further price increases that could indicate a continuation of this trend. This trend positions Akanda as an appealing opportunity for traders focused on capitalizing on upward price movements in the current market climate.

In addition to its promising stock performance, Akanda is embarking on a significant expansion through its wholly owned subsidiary, First Towers & Fiber Corp. (FTF). The initiative involves the construction and/or acquisition of up to 20 new cellular towers by the end of 2025, building upon FTF’s existing network of 30 operational towers and a dark fiber infrastructure extending over 700 kilometers. This strategic move aims to enhance telecommunications connectivity and capacity, paving the way for improved services and long-term revenue growth.

Each newly established tower is expected to generate additional cash flow and enhance network utilization, further solidifying FTF’s position within the telecommunications industry. Chris Cooper, President of FTF, emphasized that this expansion is a critical component of their growth strategy, designed to foster connectivity and augment recurring revenue streams.

With the demand for mobile data escalating, Akanda and FTF are strategically positioning themselves to align with the expanding digital market. Their commitment to enhancing telecommunications infrastructure not only seeks to deliver innovative connectivity solutions but also aims to create sustained value for shareholders. As the company moves forward, it remains dedicated to maximizing shareholder value while leveraging new growth opportunities in the telecommunications sector.

Related news for (AKAN)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.