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What's Going On With Medical Cannabis Company Akanda Stock Friday?

Akanda Corp. (NASDAQ:AKAN) shares are skyrocketing in the premarket session on Friday.  The international medical cannabis company implemented a 1-for-40 reverse stock split on its ordinary shares effective May 23, 2024, according to a recent exchange filing. After the reverse stock split, every 40 shares of the company’s issued and outstanding ordinary shares will automatically be converted into one issued and ...