Cannabis company Akanda Corp. has postponed its initial public offering that had been planned for Friday, according to IPOScoop.com. The UK-based company founded last year by former Canopy Growth Corp. executive Tej Virk had planned to raise $16 million by offering 4 million shares at $4 a share with Boustead Securities for trading on the Nasdaq under the symbol AKAN. Akanda was formed to focus on the medical cannabis market in the U.K.
... Cannabis company Akanda Corp. has postponed its initial public offering that had been planned for Friday, according to IPOScoop.com. The UK-based company founded last year by former Canopy Growth Corp. CGC executive Tej Virk had planned to raise $16 million by offering 4 million shares at $4 a share with Boustead Securities for trading on the Nasdaq under the symbol AKAN. Akanda was formed to focus on the medical cannabis market in the U.K.