- **Akanda Corp.'s** wholly-owned subsidiary, **First Towers & Fiber Corp. (FTF)**, is a **preferred contractor** in Mexico's largest telecommunications infrastructure project, as of **September 30, 2025**.  **[1888014_0001213900-25-094350_ea025960701ex99-1_akanda.htm:0]** 
- FTF has **30 cellular towers already deployed and generating revenue** throughout Mexico.  **[1888014_0001213900-25-094350_ea025960701ex99-1_akanda.htm:0]** 
- The company also operates an **over 700 km dark fiber network** connecting five cities in central Mexico, with Telefonica as an anchor tenant.  **[1888014_0001213900-25-094350_ea025960701ex99-1_akanda.htm:0]** 
- FTF is **expanding its telecommunications infrastructure network** in the coming weeks.  **[1888014_0001213900-25-094350_ea025960701ex99-1_akanda.htm:0]**

Akanda's Subsidiary First Towers & Fiber Corp. Leads Deployment in Mexico's Largest Telecommunication Infrastructure Project

- Akanda Corp. reported a **net loss of $(815,001)** and **loss per share of $(1.17)** for the six months ended June 30, 2025, an improvement from the prior year period.  **[1888014_0001213900-25-094218_ea0259130-6k_akanda.htm:3]** 
- The company completed a business combination with **First Towers & Fiber Corp.** on August 21, 2025, making it a wholly-owned subsidiary.  **[1888014_0001213900-25-094218_ea0259130-6k_akanda.htm:2]** **[1888014_0001213900-25-094218_ea0259130-6k_akanda.htm:8]** **[1888014_0001213900-25-094218_ea025913001ex99-1_akanda.htm:28]** 
- In connection with the acquisition, Akanda assumed **$4,909,995.28** in First Towers' indebtedness and issued a **$14,133,966** promissory note.  **[1888014_0001213900-25-094218_ea0259130-6k_akanda.htm:8]** **[1888014_0001213900-25-094218_ea025913001ex99-1_akanda.htm:28]** **[1888014_0001213900-25-094218_ea025913001ex99-1_akanda.htm:29]** 
- On September 12, 2025, Akanda issued convertible promissory notes for **$12,000,000** in gross proceeds, intended for marketing, site development, working capital, and debt repayment.  **[1888014_0001213900-25-094218_ea0259130-6k_akanda.htm:9]** **[1888014_0001213900-25-094218_ea025913001ex99-1_akanda.htm:29]** 
- A **1-for-3.125 Reverse Stock Split** was implemented on August 26, 2025.  **[1888014_0001213900-25-094218_ea0259130-6k_akanda.htm:2]** **[1888014_0001213900-25-094218_ea025913001ex99-1_akanda.htm:28]**

Akanda Reports H1 2025 Results, Details Acquisition and Financing

- Akanda Corp., through its wholly-owned subsidiary First Towers & Fiber Corp. (FTF), is playing a pivotal role in Mexico's **$7 billion** Altán Redes/Red Compartida telecommunications infrastructure project.  **[1888014_7209e8cc150747c6ab6ecb0d573edef0]** 
- FTF has deployed **30 cellular towers** and operates a **700-kilometer dark fiber network** across five cities, contributing to the expansion of LTE, 4G, and upcoming 5G coverage to **24 million people**.  **[1888014_7209e8cc150747c6ab6ecb0d573edef0]** 
- Akanda's **lean share float** on Nasdaq, with **728,000 shares** after its reverse split, amplifies the significance of each infrastructure asset it manages.  **[1888014_7209e8cc150747c6ab6ecb0d573edef0]** 
- FTF's cellular towers and fiber assets are supported by **long-term lease agreements**, designed to sustain Mexico's digital expansion and generate revenue.  **[1888014_7209e8cc150747c6ab6ecb0d573edef0]**

Akanda Expands Role in Mexico's $7B Red Compartida Telecom Project

- Akanda Corp. completed a private placement of **convertible promissory notes** to institutional investors, generating **$12.0 million in aggregate gross proceeds** on **September 12, 2025**.  **[1888014_0001213900-25-088204_ea0257317-6k_akanda.htm:1]** 
- The notes carry an **interest rate of 10% per annum** and have a **12-month maturity date**.  **[1888014_0001213900-25-088204_ea0257317-6k_akanda.htm:1]**  They are convertible into common shares at a price not less than **$0.678 per share**, with an initial conversion price of **$2.88 per share**.  **[1888014_0001213900-25-088204_ea0257317-6k_akanda.htm:1]** **[1888014_0001213900-25-088204_ea025731701ex10-2_akanda.htm:2]** 
- The company intends to use the net proceeds for **marketing (up to $3.5 million)**, **renewal and development of its Gabriola, B.C. site**, **working capital and general corporate purposes (up to $3 million)**, and **repayment of indebtedness (up to $7 million)**.  **[1888014_0001213900-25-088204_ea0257317-6k_akanda.htm:1]** **[1888014_0001213900-25-088204_ea025731701ex10-1_akanda.htm:28]** 
- **Univest Securities, LLC** acted as the placement agent for the offering, receiving **$300,000 in cash fees**.  **[1888014_0001213900-25-088204_ea0257317-6k_akanda.htm:1]** **[1888014_0001213900-25-088204_ea0257317-6k_akanda.htm:2]**

AKANDA (AKAN)