Akanda Corporation $(AKAN)$ has announced the closing of a $7.0 million private placement of 12-month convertible promissory notes with institutional investors. Proceeds from the offering will be allocated as follows: up to $2.3 million for marketing purposes, approximately $2.6 million for working capital and general corporate purposes, and up to $2.1 million for debt repayment. Univest Securities, LLC served as the exclusive placement agent, and Ruskin Moscou Faltischek PC acted as transaction and securities counsel. The full details of the transaction are available in the Company's Form 6-K, filed on January 20, 2026 with the U.S. Securities and Exchange Commission and available at www.sec.gov.

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