AKAN News

US IPO Market Grinds to a Halt The US IPO market had its slowest first quarter in six years as just 18 IPOs raised $2.1 billion. Plummeting returns at the end of 2021 effectively put an end to the past year’s IPO boom... ...read more

A cannabis micro-cap broke the IPO market’s month-long dry spell this past week and became the latest small issuer to soar in its debut, popping 163% on its first day. One SPAC also priced in the slowest week for blank check IPOs since August. The pipeline saw a bit of activity, with two IPO and four SPACs submitting initial filings. Akanda (AKAN) raised...read more

Akanda, an UK-based cannabis producer with cultivation facilities in Southern Africa, raised $16 million by offering 4 million shares at $4, as expected. Akanda cultivates, manufactures and distributes cannabis, with plans to supply medicinal-grade cannabis biomass, cannabis flower, and cannabis concentrates to wholesalers in international markets. Incorporated in Canada,...read more

After nearly a month of no activity, one IPO may price in the week ahead, early-stage cannabis producer Akanda (AKAN). Some SPACs may join the calendar during the week. Akanda (AKAN) plans to raise $16 million at a $116 million market cap. The company plans to supply medicinal-grade cannabis biomass, cannabis flower, and cannabis concentrates...read more