Akanda Corp. Expands Dark Fiber Network in Mexico, Securing $2 Million in Cash Flow

Akanda Corp., through its subsidiary First Towers & Fiber Corp. (FTF), has expanded its dark fiber network in Central Mexico by approximately 200 kilometers, bringing the total network coverage to 900 kilometers. This expansion is supported by a 10-year Indefeasible Right of Use (IRU) agreement expected to generate $2 million in contracted cash flow. The agreement is with existing enterprise customers under a Master Lease structure, with an initial five-year term and a five-year renewal option. FTF believes its dark fiber assets offer low operating costs and high-margin potential, with operating leverage expected to drive free cash flow as utilization increases. The expanded network is located in the Bajío region, a significant industrial hub in Mexico, and FTF aims to lease remaining fiber strands to various clients. This acquisition is the first in a series of planned transactions to consolidate fiber assets across Mexico, positioning FTF as a scalable platform for digital infrastructure growth in Latin America.