Akanda Corp. to sell Portuguese cannabis firm for $2 million

Mugglehead
By Zartasha MushtaqFeb 6, 2024, 12:00 pm70 pts
International medical cannabis company Akanda Corp. (NASDAQ: AKAN) announced an amended nonbinding letter of intent. The company plans to sell its Portuguese subsidiary, RPK Biopharma Unipessoal, to Somai Pharmaceuticals for $2 million. This reflects a reduced price from the initial $2.7 million agreement. The…

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