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As of August 21, 2025, Akanda Corp. was acquired by First Towers & Fiber Corp., in a reverse merger transaction. Akanda Corp., through its subsidiaries, engages in the cultivation, manufacture, and distribution of cannabis-based products. The company was incorporated in 2021 and is headquartered in Toronto, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Akanda Corp (AKAN) has limited public disclosures and its publicly available filings do not clearly describe an operating business. Because of that, long-term growth drivers and investor attractions cannot be reliably assessed; investors should consult SEC filings and company releases. The company could appear attractive if it later documents a scalable business model or clear revenue visibility, but such prospects are not evident in current public information.
Primary investment risk is limited disclosure, which raises information and liquidity risk and creates execution and financing uncertainty.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Income before tax | -3.27M | -32.28M | -8.24M | -8.13M | -2.30M |
| Net income | -4.10M | -32.28M | 0.40M | -9.22M | -2.95M |
| Selling general administrative | 4.45M | 5.88M | 19.85M | 5.81M | 1.36M |
| Selling and marketing expenses | - | 2.40M | - | - | - |
| Gross profit | 0.21M | 0.11M | 3.27M | -0.71M | 0.00M |
| Reconciled depreciation | 0.14M | 4.28M | 3.76M | 0.31M | 0.25M |
| Ebit | -3.17M | -32.02M | -20.18M | -6.83M | -1.67M |
| Ebitda | -3.03M | -27.74M | -16.41M | -6.50M | -1.41M |
| Depreciation and amortization | 0.14M | 4.28M | 3.76M | 0.34M | 0.26M |
| Operating income | -4.38M | -10.05M | -20.18M | -6.83M | -1.67M |
| Other operating expenses | 5.22M | 12.21M | 22.80M | 6.88M | 1.67M |
| Interest expense | 0.10M | 0.26M | 0.12M | 1.09M | 0.65M |
| Interest income | 0.01M | 0.00M | 0.00M | 0.03M | 0.01M |
| Net interest income | -0.09M | -0.26M | -0.11M | -1.07M | -0.63M |
| Income tax expense | - | -0.00M | -8.63M | 1.09M | 0.65M |
| Total revenue | 0.84M | 2.16M | 2.62M | 0.04M | 0.00M |
| Total operating expenses | 4.59M | 10.16M | 23.45M | 6.12M | 1.67M |
| Cost of revenue | 0.63M | 2.05M | -0.65M | 0.76M | 0.00M |
| Total other income expense net | 1.11M | -22.22M | 11.94M | -1.30M | -0.63M |
| Discontinued operations | - | - | -3.42M | -3.42M | -3.42M |
| Net income from continuing ops | -3.27M | -32.28M | -8.24M | -8.13M | -2.30M |
| Net income applicable to common shares | - | - | -11.66M | -8.13M | -2.30M |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Total assets | 7.91M | 8.84M | 39.00M | 8.05M | 4.27M |
| Intangible assets | 0.02M | 3.80M | 22.21M | 0.26M | 0.32M |
| Other current assets | 0.39M | 0.14M | 0.81M | 484886.00M | 0.11M |
| Total liab | 3.64M | 12.67M | 12.10M | 10.25M | 9.31M |
| Total stockholder equity | 4.28M | -3.83M | 26.90M | -2.20M | -5.03M |
| Other current liab | 0.30M | 2.66M | 1.06M | 8268428.00M | - |
| Common stock | 63.32M | 51.02M | 49.43M | 7.26M | 0.00M |
| Capital stock | 63.32M | 51.02M | 49.43M | 7.26M | 0.00M |
| Retained earnings | -57.46M | -53.36M | -21.09M | -13.29M | -5.16M |
| Other assets | - | - | 0.48M | - | - |
| Cash | 3.84M | 0.09M | 0.23M | 3.50M | 0.01M |
| Total current liabilities | 3.64M | 10.17M | 9.35M | 8.27M | 2.73M |
| Current deferred revenue | - | - | - | -8268428.00M | - |
| Net debt | -3.49M | 3.90M | 3.67M | 6.07M | 9.11M |
| Short term debt | 0.35M | 1.50M | 1.15M | 7.59M | 2.55M |
| Short long term debt | 0.35M | 1.37M | 0.94M | 7.15M | 2.26M |
| Short long term debt total | 0.35M | 4.00M | 3.90M | 9.57M | 9.12M |
| Other stockholder equity | - | - | -1.45M | 11092467.00M | 0.13M |
| Property plant equipment | - | - | 12.48M | 3.81M | 3.83M |
| Total current assets | 5.06M | 1.81M | 3.82M | 3.98M | 0.13M |
| Net tangible assets | - | - | 4.69M | -2.46M | -5.35M |
| Short term investments | - | 0.00M | 0.26M | - | - |
| Net receivables | 0.82M | 0.28M | 1.24M | 0.24M | 0.00M |
| Long term debt | - | 2.50M | 2.63M | - | 3.98M |
| Inventory | 0.00M | 1.29M | 1.06M | -484885.76M | 0.00M |
| Accounts payable | 2.98M | 6.01M | 7.14M | 0.68M | 0.18M |
| Accumulated other comprehensive income | -1.58M | -1.49M | -1.45M | 3.84M | 0.13M |
| Non currrent assets other | 0.50M | 0.59M | 0.48M | - | - |
| Non current assets total | 2.86M | 7.03M | 35.18M | 4.07M | 4.15M |
| Capital lease obligations | 0.00M | 0.14M | 0.33M | 2.42M | 2.88M |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Investments | -1.02M | 0.02M | -4.22M | -0.58M | -0.43M |
| Change to liabilities | - | - | 2.92M | 0.00M | 0.14M |
| Total cashflows from investing activities | -1.02M | 0.02M | -4.22M | -0.58M | -0.43M |
| Net borrowings | -0.34M | -0.08M | -0.79M | 6.18M | 1.03M |
| Total cash from financing activities | 8.99M | 1.49M | 14.14M | 11.24M | 1.03M |
| Change to operating activities | - | - | -0.64M | 0.37M | -0.11M |
| Net income | -4.10M | -32.28M | -11.66M | -8.13M | -2.30M |
| Change in cash | 3.75M | -0.16M | -3.24M | 3.48M | -0.81M |
| Begin period cash flow | 0.09M | 0.26M | 3.50M | 0.01M | 0.82M |
| End period cash flow | 3.84M | 0.09M | 0.26M | 3.50M | 0.01M |
| Total cash from operating activities | -3.98M | -1.50M | -11.47M | -6.56M | -1.35M |
| Issuance of capital stock | 10.75M | 0.00M | 14.93M | 5.05M | 0.00M |
| Depreciation | 0.14M | 4.28M | 3.76M | 0.31M | 0.25M |
| Other cashflows from investing activities | -0.37M | 0.03M | -0.74M | -0.74M | 0.01M |
| Change to inventory | 0.37M | 0.48M | 0.50M | -0.71M | -0.00M |
| Change to account receivables | -0.25M | 0.97M | -0.59M | -0.24M | -0.24M |
| Other cashflows from financing activities | -1.43M | 1.57M | 0.50M | 6.68M | 1.17M |
| Change to netincome | - | - | -5.76M | 1.85M | 0.67M |
| Capital expenditures | 2.10M | 0.00M | 0.31M | 0.58M | 0.44M |
| Change in working capital | -0.95M | 3.15M | 2.18M | -0.59M | 0.03M |
| Stock based compensation | - | 1.25M | 0.56M | - | - |
| Other non cash items | 0.92M | 23.34M | -6.32M | 1.85M | 0.67M |
| Free cash flow | -6.08M | -1.50M | -11.78M | -7.13M | -1.79M |
Sector: Healthcare Industry: Drug Manufacturers - Specialty & Generic
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| AKAN Akanda Corp |
-0.03 3.46% |
0.81 | - | - | 2.08 | 0.55 | 0.44 | -0.80 |
| MKKGY Merck KGaA ADR |
0.49 1.48% |
33.66 | 21.25 | 14.93 | 3.10 | 2.14 | 3.60 | 12.98 |
| MKGAF MERCK Kommanditgesellschaft auf Aktien |
-2.76 1.62% |
167.12 | 24.86 | 15.11 | 3.13 | 1.98 | 3.08 | 18.89 |
| TAK Takeda Pharmaceutical Co Ltd ADR |
-0.05 0.24% |
20.97 | - | 10.96 | 0.01 | 1.20 | 2.94 | 23.11 |
| TKPHF Takeda Pharmaceutical Co. Ltd. |
0.50 1.19% |
42.35 | - | 10.66 | 0.01 | 1.16 | 2.94 | 23.11 |
As of August 21, 2025, Akanda Corp. was acquired by First Towers & Fiber Corp., in a reverse merger transaction. Akanda Corp., through its subsidiaries, engages in the cultivation, manufacture, and distribution of cannabis-based products. The company was incorporated in 2021 and is headquartered in Toronto, Canada.
| Name | Title | Year Born |
|---|---|---|
| Ms. Louisa Madiako Mojela B.Com., B.Comm | Exec. Chairman | 1956 |
| Mr. Tejinder Virk | CEO & Director | 1982 |
| Mr. Trevor W. Scott BAcc, BCom (Hons), CA(SA) | CFO & Sec. | 1980 |
| Mr. Thomas Flow | Chief Operating Officer | 1977 |
| Ms. Katharyn Field | Interim CEO & Executive Director | 1984 |
| Dr. Gurcharn Deol B.A., M.A., Ph.D. | Chief Financial Officer | 1950 |
| Mr. Thomas Flow | Chief Operating Officer | 1978 |
| Ms. Katharyn Field | Interim CEO & Executive Director | 1983 |
| Dr. Gurcharn Deol B.A., M.A., Ph.D. | Chief Financial Officer | 1968 |
| Dr. Gurcharn Deol B.A., M.A., Ph.D. | Chief Financial Officer | 1969 |
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