Akanda Corporation Announces $12 Million Convertible Note Offering to Fuel Expansion Efforts

Reuters

Sep 15

Akanda Corporation Announces $12 Million Convertible Note Offering to Fuel Expansion Efforts

Akanda Corporation has announced a significant expansion through a $12.0 million convertible note offering. The company has executed and closed a securities purchase agreement with institutional investors for the purchase of 12-month convertible promissory notes. The raised funds will be allocated towards marketing, the renewal and development of the company's site in Gabriola, B.C., as well as general corporate purposes and debt repayment. Univest Securities, LLC served as the exclusive placement agent for the offering, with legal counsel provided by Ruskin Moscou Faltischek PC and Sullivan & Worcester LLP. The notes and related shares have not yet been registered under the Securities Act of 1933. Further details on the transaction will be available in the company's Form 6-K filing with the SEC.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Akanda Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-087325), on September 15, 2025, and is solely responsible for the information contained therein.

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