Akanda corp. announces pricing of underwritten public offering

London, united kingdom--(newsfile corp. - march 25, 2024) - akanda corp. (nasdaq: akan) ("akanda" or the "company"), an international medical cannabis company, today announced that it has entered into a firm commitment underwriting agreement with univest securities, llc, as underwriter, whereby univest has agreed to purchase up to 41,084,634 common shares or pre-funded warrants at a public offering price of $0.1217 per share or $0.1216 per pre-funded warrant in an underwritten public offering. the gross proceeds to akanda are estimated to be approximately $5,000,000 before deducting the underwriter fees and other offering expenses.
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