Akanda Corp. Receives Nasdaq Notice Regarding Minimum Stockholders' Equity Requirement

Akanda Corp. announced on June 18, 2026, that it received a notification from Nasdaq on June 16, 2026, stating that the company is not in compliance with Nasdaq Listing Rule 5550(b)(1), which requires a minimum of $2.5 million in stockholders' equity for continued listing. The company reported a stockholders' equity of $-11,990,437 as of December 31, 2025. Akanda Corp. does not meet the alternative continued listing standards either. The notification does not immediately affect the listing of the company's shares. Akanda Corp. has 45 days, until July 31, 2026, to submit a plan to regain compliance. If the plan is accepted, Nasdaq may grant an extension of up to 180 days. The company intends to submit a compliance plan and is exploring options to meet the requirements.