Akanda Corp. (AKAN) – Finance Report
Company Profile:
- Name: Akanda Corp.
- Website: https://www.akandacorp.com
- Industry: Drug Manufacturers – Specialty & Generic
- Sector: Healthcare
- Address: 1a, 1b Learoyd Road, New Romney, TN28 8XU, United Kingdom
- Phone: 44 2024 987 917
Akanda Corp. is a global cannabis company that specializes in the cultivation, manufacture, and distribution of medicinal-grade cannabis and cannabis-based medical and wellness products. The company operates in the healthcare sector and is headquartered in New Romney, United Kingdom.
Financial Summary:
- Market Cap: $1.46 million
- Float Shares: 2,214,849
- Shares Outstanding: 8,842,850
- 52-Week High: $2.70
- 52-Week Low: $0.142
- Price/Earnings Ratio (TTM): -4.69
Akanda Corp. has a market capitalization of $1.46 million with a float of 2,214,849 shares. The company has 8,842,850 shares outstanding and has a 52-week high of $2.70 and a 52-week low of $0.142. The price-to-earnings ratio (TTM) for Akanda Corp. is -4.69.
Company Officers:
- Ms. Katharyn Field: Interim CEO & Executive Director
- Dr. Gurcharn Deol: B.A., M.A., Ph.D. – Chief Financial Officer
- Mr. Thomas Flow: Chief Operating Officer
The company is led by an experienced management team, including Ms. Katharyn Field as the Interim CEO & Executive Director, Dr. Gurcharn Deol as the Chief Financial Officer, and Mr. Thomas Flow as the Chief Operating Officer.
Financial Highlights:
- Total Revenue (TTM): $3.94 million
- Net Income (TTM): -$15.27 million
- Gross Margins (TTM): 104.25%
- Operating Margins (TTM): -41.66%
Akanda Corp. has reported a total revenue of $3.94 million in the last twelve months, with a net loss of -$15.27 million. The company has a gross margin of 104.25% and an operating margin of -41.66%.
Stock Performance:
- Previous Close: $0.1646
- Open: $0.1500
- Day Range: $0.1500 – $0.1700
- Volume: 1,203,956
- Average Volume (10 days): 1,483,840
Akanda Corp.'s stock closed at $0.1646 in the previous session and opened at $0.1500. The stock has a day range of $0.1500 to $0.1700 and a volume of 1,203,956 shares. The average volume over the past 10 days is 1,483,840 shares.
Key Financial Ratios:
- Price/Sales (TTM): 0.3697
- Price/Book (MRQ): 0.0307
- Return on Assets (TTM): -23.57%
- Return on Equity (TTM): -54.24%
- Debt/Equity (MRQ): 23.96
Akanda Corp. has a price-to-sales ratio of 0.3697 and a price-to-book ratio of 0.0307. The company has a negative return on assets of -23.57% and a negative return on equity of -54.24%. The debt-to-equity ratio is 23.96.
Future Outlook:
Akanda Corp. operates in the cannabis industry, which is expected to experience significant growth in the coming years. The company has a strong focus on the cultivation and distribution of medicinal-grade cannabis and cannabis-based products, which are in high demand among patients worldwide. Akanda Corp. is well-positioned to capitalize on the growing market for cannabis products, and its experienced management team will play a crucial role in driving the company's future success.
Disclaimer:
This report is for informational purposes only and should not be considered as financial advice. The information provided is based on publicly available data and does not take into account any specific investment objectives, financial situation, or particular needs of any individual or entity. Investors are advised to conduct their own research and consult with a qualified financial advisor before making any investment decisions.
