Why Is Akanda (AKAN) Stock Up 133% Today?

Akanda (NASDAQ:AKAN) stock is rocketing higher on Friday alongside heavy pre-market trading of the cannabis company’s shares.This has more than 6.3 million shares of AKAN stock changing hands as of this writing. That’s a massive increase over its daily average trading volume of about 590,000 shares.While there’s no news from Akanda today, the company did enact a reverse stock split yesterday. That saw it combine shares on a one-for-40 basis. The company enacted this reverse stock split to boost the price of ...