Akanda Corp. Exits Cannabis Business, Focuses on Subsidiary

Akanda Corp. announced a significant strategic shift, deciding to discontinue all cannabis cultivation and related business activities. The company will instead redirect its focus towards growing and managing its subsidiary, First Towers & Fibers Corp., and exploring other potential business ventures. As a consequence of this decision, Akanda Corp. has terminated its option agreement for a Canadian THC and CBD farming facility located in British Columbia, forfeiting its right to acquire or use the property.