Akanda exits cannabis cultivation, declines option payment on BC property

Akanda Corp. said it will no longer pursue cannabis cultivation or any future cannabis-related businesses, shifting focus to growth and management of its First Towers & Fibers Corp. subsidiary and potentially other targets. The company declined to make the next option payment under its amended and restated option to purchase agreement with 1107385 B.C. Ltd., terminating its right to acquire or use the BC property.

Detected & updated continuously · Source: Nebula