Akanda Corp receives non-compliance notice from Nasdaq

Core Points - Akanda Corp (NASDAQ: AKAN) received a notice of non-compliance from Nasdaq due to failing to meet the minimum stockholders' equity requirement as per Nasdaq Listing Rule 5550(b)(1) [2] - The company also did not satisfy alternative compliance standards based on market value of listed securities or net income from continuing operations [2] - Akanda's stock experienced a significant decline in short interest, with shares sold short decreasing by 66.1% from April 15th to April 30th [2] Compliance Plan - Akanda is required to submit a plan to regain compliance by June 28th [4] - If the plan is accepted, the company may receive an extension of up to 180 days from Nasdaq to implement its proposal [4] - The CEO of Akanda expressed confidence in submitting a viable plan and emphasized the company's commitment to regaining compliance [4]