LONDON--(BUSINESS WIRE)--International medical cannabis company Akanda Corp. ("Akanda" or the “Company”) today announced that it has submitted a confidential draft registration statement on Form F-1 with the U.S. Securities and Exchange Commission (the "SEC") relating to a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to take place after the SEC completes its review process and is subject to market and other conditions.
A registration statement on Form F-1 relating to the proposed offering has been confidentially submitted with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective. There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
The offering will be made only by means of a prospectus filed with the SEC. Copies of the preliminary prospectus relating to this offering, when available, may be obtained for free, on the SEC's website at http://sec.gov.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as...
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