Akanda Announces Closing of $7.0 Million Convertible Note Offering

Core Viewpoint - Akanda Corp. has successfully closed a transaction with institutional investors for the purchase and sale of 12-month convertible promissory notes totaling $7.0 million in a private placement transaction [1] Group 1: Transaction Details - The proceeds from the sale of the notes will be allocated as follows: up to $2.3 million for marketing purposes, approximately $2.6 million for working capital and general corporate purposes, and up to $2.1 million for debt repayment [2] - Univest Securities, LLC served as the exclusive placement agent for this offering, while Ruskin Moscou Faltischek PC acted as transaction and securities counsel to the Company [2] Group 2: Regulatory Information - The notes and the common shares that can be issued upon conversion have not been registered under the Securities Act of 1933 or any state securities laws, and they cannot be offered or sold in the U.S. or any state without registration or an applicable exemption [3] - Additional details regarding the notes and the transaction can be found in the Company's Form 6-K, filed on January 20, 2026, with the U.S. Securities and Exchange Commission [4]