NASDAQ-Traded Akanda Corp Secures Land Deal For CBD & THC Development
Portfolio Pulse from Jelena Martinovic
Akanda Corp. (NASDAQ:AKAN) has entered a purchase deal for farming land and related operations and licenses with 1107385 B.C. LTD. The company plans to issue a non-refundable payment of $1.8 million, potentially in common shares. The deal gives Akanda the right to develop the property for two years, with plans to develop THC and CBD facilities. Additional payments will be made based on milestones achieved from the development.
September 20, 2023 | 2:33 pm
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Akanda Corp. has secured a land deal for THC and CBD development. This could potentially increase the company's production capacity and revenue in the future.
The land deal allows Akanda Corp. to expand its operations into THC and CBD development. This could potentially increase the company's production capacity and revenue in the future, which could positively impact the company's stock price.
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