Cannabis Supply Announcement Sent These Shares Soaring

Cannabis Supply Announcement Sent These Shares Soaring

By: Tomas Ronolski - AllPennyStocks.com News

Tuesday, July 12, 2022

A small healthcare company saw it’s shares rally strongly on Tuesday after the company announced that it  will supply Tetra with pharmaceutical grade cannabis flower in a microdose cap form, for use in a Storz & Bickel Mighty Medic Vaporizer for global commercialization of Tetra's QIXLEEF TM and related products. This sent shares of Akanda Corp (Nasdaq:AKAN) flying. 

Akanda Corp is an international medical cannabis company cultivating cannabis of the highest quality at scale, leveraging trusted brands, at a low-cost compared to many of its competitors. The company is building a seed-to-patient supply chain, connecting patients in the UK and Europe with diverse products including cannabis products cultivated at its competitively advantaged grow operation in the Kingdom of Lesotho and with other trusted third-party brands.

Traders were bullish on the news as shares popped up to $1.17/share (+49.14%) at the early session high. This move could be an indication of things to come as shares have been seeking support over the last few weeks. 


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