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Akanda Priced, Nasdaq: AKAN

UK-based cannabis producer with cultivation facilities in Southern Africa.

Industry: Consumer Discretionary

Latest Trade: $1.41 0.00 (0.0%)

First Day Return: +162.5%

Return from IPO: -100.0%

Industry: Consumer Discretionary

We are a cannabis cultivation, manufacturing and distribution company whose mission is to provide premium quality medical cannabis products to patients worldwide. We cultivate and process natural cannabis at our facilities in the Kingdom of Lesotho, Africa and intend to supply medicinal-grade cannabis biomass, cannabis flower and cannabis concentrates to wholesalers in international markets. We also import and sell medical cannabis-based products to the domestic market in the United Kingdom. Our cultivation operations at Bophelo in the Kingdom of Lesotho were initially established in 2018, with initial non-commercial harvests undertaken in 2019, 2020 and 2021 as part of the establishment and set-up of our cultivation facility in the Kingdom of Lesotho. While we have successfully cultivated cannabis at our Lesotho site, we have not yet achieved any revenues from the sale of cannabis and we have not exported medical cannabis flower or biomass to the United Kingdom or any other country. To date, our Lesotho operations have yielded less than 1,500kg of dried cannabis flower.
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IPO Data
IPO File Date 01/31/2022
Offer Price $4.00
Price Range $4.00 - $4.00
Offer Shares (mm) 4.0
Deal Size ($mm) $16
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/14/2022
Offer Price $4.00
Price Range $4.00 - $4.00
Offer Shares (mm) 4.0
Deal Size ($mm) $16
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Boustead Securities
Valuable Capital
Company Data
Headquarters London, United Kingdom
Founded 2018
Employees at IPO 107
Website www.akandacorp.com

Akanda (AKAN) Performance