Akanda Shareholders Take Matters Into Their Hands – Replace A Majority Of Directors

Concerned shareholders of Akanda Corp. (NASDAQ: AKAN) have replaced a majority of the board of directors of the corporation, with highly-qualified and motivated directors.

The concerned shareholders of the corporation collectively own or control approximately 54.1% of the issued and outstanding common shares of Akanda, and on June 22nd passed a written resolution of the shareholders of the corporation pursuant to the provisions of the Business Corporations Act (Ontario) removing each of Louisa Mojela, Philip van den Berg, Charles Kié, Gila Jones, Gugu Dingaan and Bridget Baker as directors of the corporation, and electing each of Harvinder Singh, Mohsen Rahimi, Jatinder Dhaliwal and Kathryn Field to fill the vacancies created thereby, to serve the remaining terms of the outgoing directors, or until their successors are elected or appointed.

The actions taken follow an initial outreach to the former board of directors of Akanda by David Jenkins, a long-standing shareholder of the corporation. Jenkins, through his wholly-owned holding company 1306077 B.C. Ltd., owns approximately 6.8% of the issued and outstanding Akanda shares.

Jenkins stated: "As a long-term investor in Akanda, I wish to see Akanda managed prudently and professionally, with a view to the long-term best interests of the corporation. I am grateful for the support …

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