Akanda's Growth Engine Has Shifted Into Overdrive with New 20 Tower Deal (NASDAQ:AKAN)

TORONTO, ON / ACCESS Newswire / October 16, 2025 / Scarcity gets a bad rap in business. Most companies treat it like a handicap. Akanda Corp. (NASDAQ:AKAN) turned it into a headline. In this case, scarcity doesn't mean lack of resources. It means a low-float share structure - fewer than 730,000 shares O/S. With such a limited supply of stock available on the open market, every piece of news, every contract, and every new build hits the tape with force. That's the kind of scarcity that moves markets. And it did.

On October 1st, Akanda shares spiked more than 100% intraday. For a company that spent much of 2024 flying under the radar, that kind of rally wasn't random. It was the mechanical outcome of a market with excessive demand and not enough supply. When a float is this tight, even modest buying pressure can create explosive moves.

Behind that surge is First Towers & Fiber (FTF), Akanda's wholly owned infrastructure subsidiary. FTF isn't a startup chasing buzzwords. It's building telecom towers and laying dark fiber across Mexico - the real, physical backbone of digital connectivity. The company already controls 700 kilometers of fiber stretching through five cities and operates roughly thirty towers. Those assets are backed by long-term lease agreements designed to serve Mexico's expanding digital economy.

Add Another 20 Towers

Akanda and its 100% owned subsidiary, FTF, have just turned up the volume again. After hours on Thursday, the company announced plans to expand its tower footprint across Mexico with the construction and acquisition of up to twenty new sites by the end of 2025-a move designed to tighten coverage, boost capacity, and convert momentum into measurable revenue.

It's an aggressive follow-through on the progress already made. FTF isn't talking about what it could build someday; it's adding muscle to a network that's already generating cash flow. The company's existing base-thirty operational towers and a 700-kilometer dark-fiber backbone-has proven the model. Now it's about scale. Each new tower becomes another recurring-revenue engine feeding Mexico's largest digital buildout.

"Expanding our tower network is a clear step in executing our growth strategy," said Chris Cooper, President of FTF. "Each tower has the potential to not only strengthen connectivity across Mexico but also increase our recurring revenue and reinforce our role as a preferred partner for Altán and CFE."

This expansion is more than incremental-it's strategic positioning. Mexico's telecom market is surging on data demand, and FTF is building right into that current. Every new tower increases the network's efficiency, improves utilization of existing fiber, and gives Akanda more surface area to monetize long-term leases. For stakeholders, the message is simple: growth here isn't theoretical. It's steel, signal, and revenue stacking converging. By investing directly into the country's critical infrastructure, FTF is aligning itself with Mexico's digital trajectory-one that's accelerating through public-private partnerships and nationwide connectivity goals.