Core Points - Akanda Corp. has completed the share exchange transaction with First Towers & Fiber Corp., making First Towers a wholly owned subsidiary [1][2] - The transaction involved the acquisition of all common shares of First Towers, with Akanda issuing convertible Class A and Class B Special Shares to former First Towers shareholders, pending shareholder approval [1][3] - Akanda reaffirms its commitment to developing its pre-revenue Canadian farming property in British Columbia for THC and CBD facilities [6] Transaction Details - The closing of the transaction was effective on August 21, 2025, and Akanda did not issue any common shares at that time [2][3] - The Class A Special Shares will be convertible into no more than 19.9% of Akanda's common shares, contingent upon shareholder approval at the upcoming special meeting on August 29, 2025 [3] - A promissory note will be issued to one former First Towers shareholder, equal to the value of their shares acquired by Akanda, and Akanda will assume First Towers' existing debts and liabilities [1][3] Future Plans - Akanda plans to hold a second special meeting to seek approval for the issuance of Class B Special Shares, which will be convertible into the remaining common shares for former First Towers shareholders [3] - The company expects its common shares to remain listed on the Nasdaq Capital Market under the ticker AKAN following the transaction [4]

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Financial Performance - AB Akola Group's consolidated revenue for the 2024/2025 financial year exceeded EUR 1,580 million, representing a 4.9% increase year-over-year [1][3] - The Group's net profit increased by 151.4% to EUR 62.6 million, with EBITDA rising by 51.5% to EUR 111 million [2][3] - The fourth quarter of the 2024/2025 financial year saw consolidated revenue of EUR 414 million, an 8.6% increase from EUR 381 million in the previous year [3] Business Segments - The 'Food Production' segment generated EUR 449.1 million in revenue, with operating profit increasing by 95.6% to EUR 40 million [5] - The poultry business was a major contributor, with gross profit soaring by 103% to EUR 68.9 million, supported by favorable market conditions [6][8] - The 'Partners for Farmers' segment generated EUR 1,151.3 million in revenue, with operating profit improving to EUR 29.4 million [11] Agricultural Performance - The 'Farming' segment reported EUR 47.6 million in revenue, a 9.3% increase, with gross profit at EUR 12.9 million [15] - Agricultural companies harvested 3% more compared to the previous year, driven by strong winter crop yields [16] Market Trends - Consumer preference for sustainable protein sources is rising, while alternative protein prices remain elevated [7] - EU broiler production costs have remained stable or slightly lower, improving producer margins [8] - There is a growing appreciation for higher quality poultry meat raised without antibiotics in Lithuania and Latvia [8][9] Challenges and Opportunities - The poultry market faced challenges from outbreaks of Highly Pathogenic Avian Influenza (HPAI), particularly in Poland and Italy [7] - The 'Other Products and Services' segment generated EUR 20.8 million in revenue, with stable profitability despite rising input costs [17][18]

Financial Performance - The consolidated revenue of AB Akola Group for the 2024/2025 financial year exceeded EUR 1,580 million, representing a 4.9% increase year-over-year [1][3] - Consolidated EBITDA for the twelve months amounted to EUR 111 million, marking a 51.5% increase year-over-year, while net profit increased by 51.4% to EUR 62.6 million [2][3] - The fourth quarter revenue reached EUR 414 million, an 8.6% increase from EUR 381 million in the previous year, with net profit rising to EUR 31 million from EUR 10 million [3][4] Segment Performance - The 'Food Production' segment generated EUR 449.1 million in revenue, with operating profit increasing by 95.6% to EUR 40 million [5] - The poultry business significantly contributed to the Group's success, with gross profit soaring by 103% to EUR 68.9 million due to favorable market conditions [6][8] - The 'Partners for Farmers' segment generated EUR 1,151.3 million in revenue, with gross profit reaching EUR 92.6 million, showing improvement over the previous year [11] Agricultural Operations - The 'Farming' segment generated EUR 47.6 million in revenue, a 9.3% increase compared to the previous year, with gross profit at EUR 12.9 million [15] - The agricultural companies harvested 3% more than the previous year, driven by strong winter crop yields, despite weaker summer crops due to drought [16] Market Trends - Consumer preference for sustainable protein sources is rising, while alternative protein prices remain elevated [7] - The EU broiler production costs have remained stable or slightly lower, suggesting improved producer margins [8] - There is a growing appreciation for higher quality poultry meat raised without antibiotics in Lithuania and Latvia, although competition is intensifying [9] Other Business Activities - The 'Other Products and Services' segment generated EUR 20.8 million in revenue, with a gross profit of EUR 4.1 million, but recorded an operating loss of EUR 400 thousand [17] - Pet food sales volumes declined by 11%, while veterinary pharmaceutical revenue increased by 19% [18]

Financial Highlights - Adecoagro's gross revenues for Q2 2025 were $392 million, a decrease of 1% compared to the same period last year[17] - Gross revenues for 6M25 reached $716 million, an increase of 10% compared to the same period last year[17] - Adjusted EBITDA for Q2 2025 was $55 million, a decrease of 60% compared to the same period last year[17] - Adjusted EBITDA for 6M25 was $91 million, a decrease of 60% compared to the same period last year[17] Segment Performance - Sugar, Ethanol & Energy - Sugar, Ethanol & Energy accounted for 77% of gross revenues in Q2 2025[17] - Sugar production decreased by 15% from 233,881 tons in Q2 2024 to 199,175 tons in Q2 2025[30] - Ethanol production decreased by 21% from 143,401 m3 in Q2 2024 to 98,756 m3 in Q2 2025[31] - Adjusted EBITDA for Sugar, Ethanol & Energy business decreased by 36% from $68,100 thousand in Q2 2024 to $106,886 thousand in Q2 2025[42] Farming Business - 296,057 hectares of Crops + Rice were harvested[52] - Soybean harvested area is 91,802 ha[52] - Raw milk production reached 93 million liters[52] - Farming segment experienced a significant decrease in financial performance, with profits dropping by 97% from $37,792 thousand in Q2 2024 to $1,081 thousand in Q2 2025[55] Capital Allocation - Net debt stood at $699 million[62] - 75% of debt is long term debt[63] - 70% of debt is in USD and 30% in BRL[65] - $45.2 million has been committed to shareholder distribution[71]

Watch: China’s $285 million project in Brazil is a multibillion dollar threat to U.S. farmers. WSJ’s Samantha Pearson explains. https://t.co/EqhaHib6vS ...

In the face of tariff threats from America, India has made the protection of its farmers a top priority. Why is the industry so important to the country? https://t.co/7Jxkk3vE8x ...

Entrepreneurial Journey & Motivation - The speaker's journey was fueled by critics and a desire to prove them wrong [2][3] - Overcoming family expectations of traditional career paths was a significant challenge [2] - Early failures in agriculture and formal education led to exploring entrepreneurship [4][5] - Initial business ventures included printing, LPG distribution, and kitchen sink manufacturing, all before completing formal education [6][8] - Government recognition as a future entrepreneur provided early motivation [7][8] Business Ventures & Challenges - The first venture, kitchen sink manufacturing, failed due to lack of funds, experience, and difficulties in collecting payments [9][10] - A computer education institute became successful but resulted in being forced out by partners [11][12] - Multiple failed ventures and family financial difficulties led to a period of employment [13][14] - Initial rejection and subsequent success in employment built a valuable professional profile [14][15] - Turning around a near-closing company, growing it to 80 people and generating 10 million INR (1 CR) profit in the first year boosted confidence [17][18] Success & Expansion - The second entrepreneurial innings started from home as a freelancer, expanding to a 100+ employee company with operations in Malaysia, Dubai, and South Africa [19][20][21] - Starting a software company in 2015 led to awards and recognition [21] - The company was successfully listed on the Bombay Stock Exchange (BSE) SME platform, becoming India's fourth startup and Bangalore's first to achieve this [22][23][24] Reflections & Future - Education is emphasized as crucial, despite the speaker's unconventional path [24][25] - Pursuing a long-held dream, the speaker completed a diploma in agriculture with distinction [26][27][28] - Current ventures include avocado farming and bio-fertilizer manufacturing [30][31]

Trade Impact - Losing access to the US consumer market may negatively impact India's farm economy [1] - The negative impact of losing US market access may outweigh the impact of cutting tariffs on produce for India [1]