US IPO Week Ahead: Cannabis Micro-Cap Set to Be The First IPO of March
renaissancecap...2022-03-12
After nearly a month of no activity, one IPO may price in the week ahead, early-stage cannabis producer Akanda(AKAN). Some SPACs may join the calendar during the week.
Akanda(AKAN) plans to raise $16 million at a $116 million market cap. The company plans to supply medicinal-grade cannabis biomass, cannabis flower, and cannabis concentrates to wholesalers in international markets, with cultivation facilities in Southern Africa. Akanda’s operations are still early stage, and it has generated minimal revenue to date.
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