- 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)