Akanda Corp. Announces Reverse Stock Split

Akanda Corp. announced a 1-for-4.5 reverse stock split of its common shares, effective April 13, 2026. This action, previously approved by shareholders and the Board of Directors, will reduce the number of outstanding shares from approximately 2.4 million to 534.4 thousand. The split will be applied uniformly to all shareholders, with fractional shares rounded down and no cash paid in lieu. Outstanding options, warrants, and convertible securities will be proportionately adjusted. Vstock Transfer is handling the exchange process for shareholders of record. The company also mentioned the possibility of future consolidations within a specified ratio, as determined by the Board. This filing is an amendment to previously filed reports regarding shareholder approvals.