Akanda Corp. (NASDAQ: AKAN) disclosed that it received a notification letter from the Listing Qualifications Department of the Nasdaq Stock Market on June 16, 2026, stating the company is not in compliance with Nasdaq Listing Rule 5550(b)(1).

The rule requires companies listed on the Nasdaq Capital Market to maintain a minimum of $2.5 million in stockholders' equity. According to the company's Annual Report on Form 20-F for the fiscal year ended December 31, 2025, Akanda reported stockholders' equity of -$11,990,437.

Nasdaq also determined that Akanda does not meet alternative continued listing standards related to market value of listed securities or net income from continuing operations.

The notification does not have an immediate effect on the listing of the company's common shares. Under Nasdaq rules, Akanda has 45 calendar days, or until July 31, 2026, to submit a plan to regain compliance. If Nasdaq accepts the plan, the company may receive an extension of up to 180 calendar days from the date of the notice to meet the requirements.

Akanda stated it intends to submit a compliance plan within the prescribed timeframe and is evaluating various alternatives to regain compliance.