Why Is Akanda (AKAN) Stock Up 164% Today?

Akanda (NASDAQ:AKAN) stock is heading higher on Friday despite the cannabis company getting a non-compliance notice from the Nasdaq Exchange.The issue here is AKAN stock not meeting the minimum stockholders’ equity requirement to remain on the Nasdaq Exchange. This requires a minimum stockholders’ equity of $2.5 million. Akanda’s was -$3,828,892 in its latest filing.The Nasdaq Exchange is giving Akanda 45 calendar days, or until June 28, 2024, to submit a plan to regain compliance. If it does so, it may be ...