Trending News Earnings All DIA 0.38% SPY 0.22% QQQ 0.54% Trending INTC 2.35% HIMS 6.57% ZVRA 20.21% VZ 2.81% ORCL 2.22% DECK 2.88% UPST 0.36% MXL 15.08% AXP 5.90% CHTR 3.96% INTC 2.35% HIMS 6.57% ZVRA 20.21% VZ 2.81% ORCL 2.22% DECK 2.88% UPST 0.36% MXL 15.08% AXP 5.90% CHTR 3.96% Home News Markets Equity Why Is AKAN Stock Surging Today? Advertisement | Remove ads. Why Is AKAN Stock Surging Today? The company regained compliance with Nasdaq after filing its annual report with the Securities and Exchange Commission. In this photo illustration, the Akanda Corp logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Ahmed Farhath · Stocktwits Published Jun 12, 2026 | 9:48 AM EDT Share · Add us on Akanda operates in the Canadian cannabis sector and in Mexico’s telecom infrastructure industry through its unit. In April this year, the company effected a 1-for-4.5 reverse stock split, which reduced the number of outstanding common shares from about 2.4 million to over 534.000. In May, the company called off its special shareholder meeting because it was unable to meet the conditions for holding the meeting. Advertisement | Remove ads. Shares of Akanda Corp. (AKAN) were in the spotlight on Friday after the company said that it has regained compliance with Nasdaq’s listing rules. At the time of writing, AKAN stock was up 70% in premarket trading. Read Next Akanda’s Listing Compliance Issue According to the company, it did not file its annual report for fiscal year 2025 on Form 20-F, an SEC filing reserved for non-U.S. entities, on a timely basis, and it received a Nasdaq notice on May 20. Advertisement | Remove ads. On June 9, the company filed the annual report with the SEC, and Nasdaq closed the noncompliance case the next day. What Does Akanda Do? Akanda is a dual-industry player, operating in the Canadian cannabis sector with its legacy business and in Mexico’s telecom infrastructure through its unit, First Towers & Fiber, which came under the company’s wing via a reverse merger. However, short seller Fugazi Research said in May that Akanda is no longer in the weed business and is now fully invested in its telecom tower installation business. The firm cautioned investors that its strong double-digit percentage rallies in recent weeks are attributable to the optimism tied to DEA’s upcoming cannabis rescheduling hearing. Advertisement | Remove ads. “We consider AKAN’s shares to be uninvestable and to have zero fundamental value,” the firm said at that time. In April this year, the company effected a 1-for-4.5 reverse stock split, which reduced the number of outstanding common shares from about 2.4 million to over 534.000. In May, the company called off its special shareholder meeting because it was unable to meet the conditions for holding the meeting. What Do Retail Traders Think About AKAN? On Stocktwits, retail sentiment about the stock turned ‘neutral’ from ‘bearish’ over the past 24 hours. Many users on the platform cheered the news of listing compliance. Advertisement | Remove ads. AKAN stock has declined more than 75% over the past 12 months, underperforming the S&P 500. For updates and corrections, email newsroom[at]stocktwits[dot]com Advertisement | Remove ads. Comments Share your thoughts... Comments posted here will also appear on symbol pages. All Newsletters Subscribe to Chart Art The best trade ideas and analysis from the Stocktwits community. Delivered daily by 8 pm ET. Submit Read about our editorial guidelines and ethics policy Small Cap Equities US Latest News Verizon Strikes Fiber Deal With Google Worth Over $1B — CEO Says More Deals Worth Billions In Revenue To Be Announced By Year End Rounak Jain · 10m ago Sellas CEO Angelos Stergiou Says ‘100% Certain’ AI Can Be Used To Beat Cancer Arnab Paul · 31m ago Why Are CRCL, COIN Stocks Rising Pre-Market Despite Bitcoin’s Dip, Price Target Cuts? Prabhjote Gill · 1h ago Paul Krugman Says Trump's Iran War Has Created The Equivalent Of ‘$140 Oil’ — Warns Of 'Uglier' Fallout If Conflict Escalates Rounak Jain · 1h ago INTC Stock Sees Price Target Hikes On Q2 Beat, But Analysts Say Key Foundry Catalyst 'Has Not Yet Arrived' Prabhjote Gill · 1h ago Verizon Raises Guidance For Second Straight Quarter — CEO Says Carrier Is In Its 'Strongest' Operating Position In Years Rounak Jain · 1h ago Advertisement | Remove ads. Watchlist Trending News Explore Community Profile