Akanda Corp. filed Articles of Amendment to consolidate its common shares on a 1-for-4.5 basis, with the amendment authorized by shareholders/directors on March 26, 2026, and requested to take effect on April 13, 2026.
Key takeaways
The company is implementing a reverse stock split, consolidating issued and outstanding common shares at a ratio of 1 post-consolidation share for every 4.5 pre-consolidation shares.
No fractional shares will be issued; shareholdings will be rounded down to the nearest whole number.
The amendment was authorized by a resolution approved by shareholders/directors on March 26, 2026.
The requested effective date for the amendment is April 13, 2026.
The filing was signed by Director Jatinder Dhaliwal and submitted by authorized contact Lori Musacchio.