Akanda Corp. (NASDAQ: AKAN), an international medical cannabis company, commenced trading on The Nasdaq Capital Market under the ticker symbol “AKAN.” Out of the gate, shares of AKAN are already up 265% to $14.63. The news has also been substantial for $14 million Halo Collective Inc. (NEO: HALO) (OTCQB: HCANF), which holds a 44% stake in Akanda Corp.
“Becoming the first UK cannabis company with African operations to list on the Nasdaq is an important milestone for our Company and the industry,” said Tej Virk, Chief Executive Officer of Akanda. “Now, with new capital and increasing patient access across the UK and Europe, we believe Akanda is well-positioned to continue on its mission of helping people lead better lives through high-quality and affordable products. We are building a unique seed-to-patient model, focused on growing, moving and healing, with a foundation rooted in what we view as strong ethics and business practices.”
In addition to Akanda Corp. and Halo Collective, the news has been positive for Canopy Growth (TSX:WEED)(NASDAQ:CGC), Tilray Inc. (NASDAQ:TLRY) (TSX:TLRY), and OrganiGram Holdings (NASDAQ:OGI)(TSX:OGI), as well.