24/7 Market News Snapshot 22 August, 2025 – Akanda Corp. Common Shares (NASDAQ:AKAN)

August 22, 2025

DENVER, Colo., 22 August, 2025 (www.247marketnews.com) – (NASDAQ:AKAN) are discussed in this article.
Akanda Corp. (NASDAQ:AKAN) has witnessed a substantial bullish trend, opening today at $1.30 and increasing by 13.13% to a current trading price of approximately $1.482, largely driven by significant investor interest reflected in a trading volume of 1.59 million shares. This momentum indicates a strong positive market sentiment, suggesting the potential for continued upward movement if current buying trends persist. Traders are encouraged to monitor key resistance levels as the stock approaches recent highs, while maintaining awareness of vital support levels to gauge the likelihood of any pullbacks.

In addition to this market performance, Akanda is preparing to implement a 1-for-3.125 reverse stock split of its common shares, effective August 26, 2025. This strategic initiative has been approved by both shareholders and the Board of Directors and aims to optimize the company’s capital structure by consolidating approximately 2.27 million outstanding common shares into roughly 728,000 shares. Notably, this consolidation is set to maintain shareholders’ proportional ownership, with adjustments for any fractional shares.

This move reflects Akanda’s commitment to strengthening its market position while aligning with its long-term strategy for expansion and enhanced shareholder value. As the company transitions through this reverse stock split, Vstock Transfer will act as the exchange agent, assisting in the exchange of stock certificates. Shareholders holding shares in book-entry form will notice the changes directly in their accounts, requiring no additional actions on their part.

In summary, Akanda’s recent stock performance and planned reverse stock split are pivotal steps in its strategy to navigate the evolving international cannabis market while fostering growth and success for its stakeholders.

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