Akanda announces $12.0 million convertible note offering

Toronto, ontario--(newsfile corp. - september 12, 2025) - akanda corp. (nasdaq: akan) ("akanda" or the "company") today announced the execution and closing of a securities purchase agreement with institutional investors for the purchase and sale of 12 month, convertible promissory notes for an aggregate purchase price of up to $12.0 million, in a private placement transaction. the company shall use the proceeds from the sale of the notes for (i) marketing purposes of up to $3.5 million, (ii) for the renewal and continued development of the company's gabriola, b.c.
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