Akanda (NASDAQ: AKAN) plans 1-for-4.5 reverse split to shrink share count

Rhea-AI Filing Summary

Akanda Corp. is implementing a 1-for-4.5 reverse stock split of its common shares, effective April 13, 2026, with trading on Nasdaq to begin that day on an adjusted basis under the existing symbol "AKAN." This consolidation will reduce outstanding common shares from approximately 2.4 million to about 534.4 thousand.

The reverse split was approved by shareholders on November 28, 2025 and by the Board on March 23, 2026. Shareholders’ percentage ownership remains the same, subject to rounding down of any fractional shares. Options, warrants and other convertible securities will be proportionately adjusted, and no cash will be paid for fractional shares.

Insights

Capital markets & listings analyst

Akanda consolidates shares 1-for-4.5 to cut float and support listing status.

Akanda Corp. is executing a 1-for-4.5 reverse stock split, shrinking its outstanding common shares from about 2.4 million to roughly 534.4 thousand effective April 13, 2026. The company notes that forward-looking statements include its ability to meet Nasdaq continued listing standards.

A reverse split increases the share price mechanically by reducing the share count, without changing overall company value, and is often used by companies trading near minimum bid requirements. Akanda states that all shareholders are affected uniformly aside from rounding of fractional shares.

Investors may focus on how the reduced float and any resulting price change relate to Nasdaq’s listing criteria and the company’s future capital needs described in its risk factors. Subsequent disclosures in periodic or current reports can clarify whether the split helps maintain compliance over time.

Key Figures

Reverse split ratio: 1-for-4.5 Pre-split shares outstanding: Approximately 2.4 million shares Post-split shares outstanding: Approximately 534.4 thousand shares +2 more

5 metrics

Reverse split ratio 1-for-4.5 Common shares consolidation effective April 13, 2026

Pre-split shares outstanding Approximately 2.4 million shares Common shares before reverse stock split

Post-split shares outstanding Approximately 534.4 thousand shares Common shares after 1-for-4.5 reverse split

Effective date April 13, 2026 Market effective date of reverse stock split

Fiber network length 700+ km First Towers & Fiber Corp. fiber optic network in Mexico

Key Terms

reverse stock split, fractional shares, forward-looking statements, continued listing standards, +1 more

5 terms

reverse stock split financial

"announced that it expects to implement a 1-for-4.5 reverse stock split"

A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.

fractional shares financial

"adjustments that may result from the treatment of fractional shares"

Fractional shares are portions of a whole share of a stock or fund, allowing investors to own less than one full unit. They make it possible to invest a specific dollar amount rather than buy whole shares, like buying a slice of a pizza instead of the entire pie. For investors this lowers the cost barrier, helps with diversification, and lets you reinvest dividends or purchase expensive stocks in small, precise amounts.

forward-looking statements regulatory

"The information in this press release includes “forward-looking statements”"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

continued listing standards regulatory

"may include, for example, the Company’s ability to comply with the continued listing standards of Nasdaq"

Ongoing rules a stock exchange requires a listed company to meet to keep its shares trading publicly, such as minimum share price, market value, timely financial reports, and governance practices. Think of it as a membership checklist for a club: falling short can lead to warnings or removal from the exchange, which can sharply reduce liquidity, investor confidence, and a stock’s value. Investors watch these standards to gauge regulatory risk and the stability of their holdings.

Articles of Amendment regulatory

"The Company will file Articles of Amendment with the Ontario Ministry"

Articles of amendment are official documents a corporation files with the government to record changes to its foundational details, such as its name, share structure, authorized capital, or bylaws. Think of them like updating a company’s recipe or blueprint so everyone knows the new ingredients and rules; investors use them to track structural shifts that can affect ownership, voting power, dilution risk, or a company’s strategic flexibility.

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of April 2026

Commission File Number: 001-41324

AKANDA CORP.

(Name of registrant)

c/o Gowling WLG (Canada) LLP

100 King St. W, Suite 1600

Toronto, ON M5X 1G5, Canada

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

☒ Form 20-F            ☐ Form 40-F

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Attached hereto as Exhibit 99.1 and incorporated by reference herein are Akanda Corp.’s press release, dated April 9, 2026. The Company shall furnish the Articles of Amendment in a subsequent Report on Form 6-K as soon as they become available.

The press release furnished in this report as Exhibit 99.1 shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section.

Exhibit Number		Description
99.1		Press Release, dated April 9, 2026, Announcing Share Consolidation

1

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	AKANDA CORP.
	(Registrant)
Date: April 9, 2026	By:	/s/ Katie Field
		Name:	Katie Field
		Title:	Interim Chief Executive Officer and Director

2

Exhibit 99.1

Akanda Corp. Announces Reverse Stock Split

TORONTO, ON April 9, 2026 — Akanda Corp. (NASDAQ: AKAN) (the “Company” or “Akanda”), today announced that it expects to implement a 1-for-4.5 reverse stock split of the Company’s common shares effective April 13, 2026. The reverse stock split was previously approved by the Company’s shareholders on November 28, 2025 and Board of Directors on March 23, 2026 and will begin trading on an adjusted basis giving effect to the reverse stock split at the opening of market on April 13, 2026 under the existing ticker symbol “AKAN”. The new CUSIP number of the Company’s common shares will be 00971M700 and the new ISIN code will be CA00971M7008.

In accordance with the proposal approved by the Company’s shareholders on November 28, 2025, the Company may effect one or more future consolidations of the Company’s issued and outstanding common shares and on the basis of a consolidation ratio to be selected by the Board, in its sole discretion, within a range between two pre-consolidation common shares for one post-consolidation common share and 100 pre-consolidation common shares for one post-consolidation common share, on such dates as the Board may determine. Since then, the Board has determined to approve a reverse split within the 2-for-100 aggregate ratio approved by shareholders, by fixing the split ratio at 4.5:1, so that every five common shares of the Company would be automatically combined into one common share. This will reduce the number of outstanding common shares of the Company from approximately 2.4 million to approximately 534.4 thousand. The reverse stock split affects all shareholders uniformly and will not alter any shareholder’s percentage interest in the Company’s outstanding common shares, except for adjustments that may result from the treatment of fractional shares.

Outstanding Company options, warrants and other applicable convertible securities will be proportionately adjusted in accordance with their respective terms. No fractional shares will be issued in connection with the reverse stock split. In the event that a shareholder would otherwise be entitled to receive a fractional common share, such fraction will be rounded down to the nearest whole number. No cash will be paid in lieu of fractional post-reverse split common shares.

Vstock Transfer is acting as exchange agent for the reverse stock split and will send instructions to any shareholders of record who hold stock certificates regarding the exchange of certificates. Shareholders with shares held in book-entry form or through a bank, broker, or other nominee are not required to take any action and will see the impact of the reverse stock split reflected in their accounts on or after April 13, 2026. Such beneficial holders may contact their bank, broker, or nominee for more information. Vstock Transfer may be reached for questions at (212) 828-8436.

Additional information concerning the reverse stock split can be found in the Company’s Notice of Special Meeting of Shareholders of Akanda Corp., which was held on November 28, 2025, and accompanied Management Information Circular, each filed with the Securities and Exchange Commission on November 10, 2025 on a Report on Form 6-K. The Company will file Articles of Amendment with the Ontario Ministry of Public and Business Service Delivery in advance of the market effective date of the reverse stock split on April 13, 2026.

—Ends—

For further information contact:

AKANDA CORP. GENERAL ENQUIRIES

E: ir@akandacorp.com

About Akanda Corp.

Akanda Corp., through its cannabis subsidiaries with operations in Canada, is dedicated to cultivating and distributing high-quality cannabis and wellness products that improve lives. Its mission is to provide safe, reliable, and accessible cannabis products to consumers worldwide while promoting sustainable business practices.

First Towers & Fiber Corp., a wholly-owned subsidiary of Akanda Corp. (Nasdaq: AKAN), is focused on tower development and operating its 700+km fiber optic network in the attractive wireless market of Mexico, with an intention to expand to other Latin American countries.

Forward-Looking Statements

The information in this press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions, or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intends,” “may,” “will,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this press release may include, for example, the Company’s ability to comply with the continued listing standards of Nasdaq. These forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing views as of any subsequent date, and no obligation is undertaken to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. As a result of a number of known and unknown risks and uncertainties, actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: the ability to maintain the listing of the Company’s shares on Nasdaq; changes in applicable laws or regulations; any lingering effects of the pandemics on Akanda’s business; the ability to implement business plans, forecasts, and other expectations, and identify and realize additional opportunities; the risk of downturns and the possibility of rapid change in the highly competitive industry in which Akanda operates; the risk that Akanda and its current and future collaborators are unable to successfully develop and commercialize Akanda’s products or services, or experience significant delays in doing so; the risk that the Company may never achieve or sustain profitability; the risk that the Company will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; the risk that the Company experiences difficulties in managing its growth and expanding operations; the risk that third-party suppliers and manufacturers are not able to fully and timely meet their obligations; the risk that Akanda is unable to secure or protect its intellectual property; the possibility that Akanda may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties described in Akanda’s filings from time to time with the Securities and Exchange Commission.

FAQ

What reverse stock split did Akanda Corp. (AKAN) approve?

Akanda Corp. approved a 1-for-4.5 reverse stock split of its common shares. This means every 4.5 pre-split shares will be combined into one post-split share, reducing the share count while leaving each shareholder’s proportional ownership generally unchanged, aside from fractional rounding.

When will Akanda Corp.’s reverse stock split take effect?

Akanda’s reverse stock split is expected to take effect on April 13, 2026. The company’s common shares will begin trading on Nasdaq on a split-adjusted basis at the market open that day, under the same ticker symbol AKAN and with new CUSIP and ISIN identifiers.

How will Akanda Corp.’s share count change after the reverse split?

The reverse split will reduce Akanda’s outstanding common shares from approximately 2.4 million to about 534.4 thousand. This change reflects the 1-for-4.5 consolidation ratio and is designed to adjust the share price while preserving each investor’s relative ownership stake, subject to fractional rounding.

Will Akanda Corp. issue cash for fractional shares in the split?

Akanda will not pay cash for fractional shares created by the reverse split. Any shareholder who would otherwise receive a fraction of a post-split share will have that amount rounded down to the nearest whole share, slightly adjusting holdings where fractions would have existed.

Do Akanda Corp. options and warrants change with the reverse split?

Akanda’s outstanding options, warrants and other convertible securities will be proportionately adjusted to reflect the 1-for-4.5 reverse split. Exercise prices and underlying share amounts will be modified according to their terms so holders maintain economically equivalent positions relative to the company’s new share structure.

Why does Akanda mention Nasdaq listing standards in this update?

Akanda’s forward-looking statements reference its ability to comply with Nasdaq continued listing standards. Reverse stock splits are sometimes used by companies whose share prices are near minimum bid thresholds, and Akanda highlights listing compliance as one of several risks and uncertainties affecting future results and performance.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 PRESS RELEASE, DATED APRIL 9, 2026, ANNOUNCING SHARE CONSOLIDATION 11.7 KB