RETRANSMISSION: Akanda Researching Security Requirements for Full Cultivation License

Toronto, Ontario--(Newsfile Corp. - November 14, 2025) - Akanda Corp. (NASDAQ: AKAN) ("Akanda" or the "Company") is researching the security requirements and next steps for a full cultivation license through its cannabis operating subsidiary. Recently, the Company extended its option on its British Columbia asset for an additional two years. While the Company currently operates under its hemp cultivation license, Akanda plans to advance toward a full cultivation license for a range of potential THC products and, in parallel, intends to design and commence the build-out of Health Canada–compliant security measures at the site. This planned security program—anticipated to require enhanced perimeter controls, access management, continuous surveillance, secure storage, and related compliance protocols—is expected to support future licensing inspections and operational readiness for THC and CBD activities.

Over this two-year period, the Company is working to develop Tetrahydrocannabinol (THC) and cannabidiol (CBD) assets at the site and to sequence the security build to enable staged commissioning and regulatory engagement. Additional payments are expected to be made based on milestones achieved from the development. The milestones in the agreement include THC cultivation, sales of product, and CBD cultivation; completion of Health Canada–aligned security infrastructure is expected to be a key enabler for achieving these milestones and executing Akanda's strategic vision with respect to its cannabis operating subsidiary, further solidifying its role in the global cannabis industry.

Analysts project Canada's legal cannabis market to expand from roughly USD $3.25–$3.61 billion in 2024 to approximately USD $5.8–$7.2 billion by 2030 (about 10–12% CAGR), trends that Akanda hopes to exploit through the planned Health Canada–compliant site security, staged licensing, and scale-ready operations.

About Akanda Corp.

Akanda Corp., through its cannabis subsidiaries with operations in Canada, is dedicated to cultivating and distributing high-quality cannabis and wellness products that improve lives. Its mission is to provide safe, reliable, and accessible cannabis products to consumers worldwide while promoting sustainable business practices.

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