Akanda Corp. Announces Share Exchange Agreement with First Towers and Fiber Corp
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Akanda Corp. (NASDAQ: AKAN) has announced a Share Exchange Agreement with First Towers & Fiber Corp., making First Towers a wholly owned subsidiary. Akanda will focus on its Canadian farming property and cease its UK cannabis distribution business.
March 10, 2025 | 8:15 pm
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Akanda Corp. has entered into a Share Exchange Agreement with First Towers, making it a wholly owned subsidiary. The company will focus on its Canadian farming property and cease its UK cannabis distribution business.
The acquisition of First Towers could enhance Akanda's infrastructure capabilities, potentially boosting its growth prospects. The focus on Canadian operations and ceasing UK distribution aligns with strategic refocusing, likely viewed positively by investors.
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