AKANDA Business Summary

Akanda Corp. (AKAN) operates as a dual-sector international platform, generating revenue through the cultivation and distribution of medical cannabis and the leasing of telecommunications infrastructure. Following its August 2021 inception and subsequent 2025 pivot, the company's primary business segments include Cultivation (focused on its British Columbia farming property), Distribution (medical cannabis products), and Telecommunications (managed via its subsidiary, First Towers & Fiber Corp). The company transitioned its core revenue model from pure-play cannabis distribution to a hybrid structure that incorporates recurring lease income from a network of approximately 30 cellular towers and 700 kilometers of dark fiber in Mexico. Akanda competes directly with cannabis leaders such as Aurora Cannabis, Canopy Growth, and Tilray Brands, while its infrastructure arm faces regional competition from larger entities like American Tower and Telesites; it currently fits into the market as a high-risk micro-cap seeking stability through infrastructure-backed cash flows and a 1-for-5 reverse stock split implemented in January 2026. Leadership is currently headed by Katharyn (Katie) Field, who serves as Interim CEO and Executive Director. Field brings a high-pedigree background including an MBA from Columbia Business School, a BA from Stanford University, and professional tenures at Bain & Company, The Brookings Institution, and the White House Office of Public Liaison. The financial strategy is overseen by CFO Dr. Gurcharn Deol, a multi-industry veteran with over 35 years of public company management experience. Technical and operational execution for the high-growth telecom segment is led by Francisco Juarez, the COO of First Towers & Fiber Corp, and Christopher Cooper, the subsidiary's President. The company is significantly influenced by its largest shareholder, Halo Collective Inc., which maintains approximately 41% of the voting power, while the board includes independent directors such as Jatinder Dhaliwal and Usama Chaudhry.