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Dec 5, 2025 4:00 AM

Why Did Akanda (AKAN) Shares Soar 45% After‑Hours?

Akanda Corp. (NASDAQ:AKAN) shares rose 44.86% in after-hours trading on Thursday, reaching $1.37.

Check out the current price of AKAN stock here.

The stock closed Thursday at $0.95, falling 6.33%, according to Benzinga Pro data.

Shareholders Approve Share Consolidation

Shareholders approved a share consolidation proposal, according to an SEC filing submitted on Tuesday.

The resolution authorizes the board to carry out one or more share consolidations at ratios ranging from two pre-consolidation shares for one post-consolidation share to 100 pre-consolidation shares for one post-consolidation share, with a cumulative maximum of 100-for-1.

The consolidations must occur before either the meeting's 12-month anniversary or the next annual shareholders ...