On September 3, 2026, Katie Field resigned as Interim CEO and Executive Director of Akanda Corp., effective immediately. The resignation was not due to disagreements regarding operations or policies. Subsequently, on September 9, 2026, the Board appointed Christopher Cooper, an existing director and President of subsidiary First Towers and Fiber Corp., as the new Chief Executive Officer. Mr. Cooper receives compensation from First Towers aggregating $196,000 for fiscal year 2025, accruing at CAD$5,000 per month, but has no employment agreement with Akanda Corp. He also serves in various executive and director roles across multiple public companies. Akanda Corp. operates in the natural resources sector, specifically focused on lithium exploration and development.

Akanda Corp.'s subsidiary, First Towers & Fiber Corp., collected its first cash lease payment in August 2026 for a new 200-kilometer fiber network, marking a transition to recurring revenue generation. Technical delivery is ahead of schedule with full operational acceptance targeted before December 2026. The company's tower portfolio remains fully active across all 28 sites, generating steady income. Expansion discussions are underway to increase the fiber footprint. Akanda Corp. operates in the telecommunications infrastructure industry, specializing in cellular tower construction and dark fiber networks.

Akanda Corp. received a Deficiency Letter from Nasdaq on June 16, 2026, for failing to maintain the required $2.5 million in stockholders’ equity under Listing Rule 5550(b)(1). The company submitted a compliance plan on July 31, 2026, which was supplemented on August 12, 2026. Nasdaq granted an extension through December 13, 2026, allowing the company to regain compliance or request further discretion-based extensions. Failure to meet these requirements may result in delisting from Nasdaq. Akanda Corp. operates in the cannabis industry.

Akanda Corp. announced that its subsidiary, First Towers & Fiber Corp., completed the physical installation of a 200-kilometer fiber optic network in Mexico's Guanajuato region. The first 100 kilometers have been accepted by a client and entered billing, with initial cash flow expected in August or September 2026. The remaining 100 kilometers are scheduled for acceptance by December 2026, with full commercial run-rate revenue projected to begin in January 2027. The company also maintains 28 fully operational cellular tower sites leasing passive infrastructure to network providers. Akanda Corp. operates as a telecommunications infrastructure developer specializing in cellular towers and fiber networks.