Akanda Corp. shares surged after its subsidiary, First Towers & Fiber Corp. (FTF), announced that 200 kilometers of its fiber optic network installation are nearing the revenue phase. Half of this network has been accepted by a client and will begin billing in August/September, with the remainder expected to be accepted by December, projecting full cash flow by January 2027. This operational update signals a significant step towards recurring revenue for the company.
Akanda Corp. (AKAN) experienced a significant after-hours jump of 89.42% following an operational update from its subsidiary, First Towers & Fiber Corp. (FTF). FTF announced the completion of 200 kilometers of fiber optic network installation, with 100 kilometers already accepted by a client and entering the billing phase, expecting cash flow by August or September. The remaining 100 kilometers are slated for client acceptance by December, with full run-rate cash flow projected by January 2027. This development is a crucial positive catalyst for Akanda, as it signals a clear path to recurring revenue and validates their strategic expansion into the Guanajuato industrial corridor. For traders, this presents a short-term opportunity due to the immediate positive sentiment, but long-term sustainability will depend on the successful realization of projected cash flows and further network expansion. The stock's historical volatility and low market cap suggest high risk, but also potential for further gains if revenue targets are met.