Akanda
Akanda operates a world-leading EU GMP-certified cultivation facility in Portugal, distributing premium medical cannabis to fast-growing markets in Europe.
Company Background
Akanda is a public limited company incorporated in Canada, though it does not have any physical operations there. The company was publicly listed on March 15, 2022, with its common stock traded on the Nasdaq Capital Market under the ticker symbol 'AKAN'. Akanda operates fiscal years ending on December 31 and is independently audited by BF Borgers CPA PC. The company's transfer agent is Continental Stock Transfer & Trust Company.
Medical Cannabis Cultivation Facility in Portugal
Akanda operates a EU GMP-certified cultivation facility in Portugal, recognized as a world-leading operation. It houses the only commercial-scale premium indoor EU GMP certified and licensed grow in Portugal, boasting an annual production capacity exceeding 2,000 kilograms. Akanda's subsidiary, Holigen, owns a high-quality 20,000 square foot indoor facility near Lisbon, as well as a large seven-million square foot outdoor facility in Aljustrel. These facilities offer the flexibility to produce two tonnes of premium indoor cannabis and over 100 tonnes of outdoor cannabis annually.
Products and Supply Chain
Akanda manufactures and supplies premium medical cannabis and wellness products aimed at international markets. It distributes cannabis-based medicine through leading prescribing doctors, digital pain clinics, and various distribution partners. The company also partners with Cookies, a renowned global cannabis brand, for genetics and retail. Akanda is building an integrated seed-to-patient supply chain, focused on connecting patients in the UK and Europe with a variety of cannabis products.
European Market Distribution
Akanda distributes medical cannabis to rapidly growing markets in Europe. The company collaborates with Cansativa GmbH to supply the German market with dried flowers from its EU-GMP certified indoor grow facility in Sintra, Portugal. In the UK, Akanda's wholly-owned subsidiary, CanMart Ltd., acts as a fully licensed importer and wholesaler of medical cannabis. Akanda also partners with Cellen's Leva Clinic, the first fully online clinic for chronic pain patients, in cooperation with the NHS and Boots.
Employee Empowerment and Social Responsibility
Akanda has established the Akanda Bokamoso Empowerment Trust, providing its workers with a direct stake worth approximately 3% of the issued share capital. This initiative reflects the company's commitment to employee empowerment and social responsibility, ensuring that its workforce shares in its success and growth.