Akanda (AKAN) Stock Surges 57% as Fiber Network Enters Billing Phase
TLDR
- Akanda’s Mexican subsidiary First Towers & Fiber Corp. completed installation of a 200km fiber optic network
- The first 100km has been accepted by a network provider client and entered the billing phase
- Lease cash flow is expected to begin arriving in August or September 2026
- The remaining 100km is targeted for client acceptance by December 2026, with full run-rate cash flow from January 2027
- FTF also operates 28 active cellular tower sites under a passive infrastructure leasing model
Akanda Corp. stock jumped as much as 89% after hours Thursday, and was up around 57% in pre-market trading Friday, after the company released an operational update from its wholly owned Mexican subsidiary, First Towers & Fiber Corp.
The stock closed Thursday’s regular session at $5.01, down 7.05%, before the after-hours surge sent it toward $9.49.
FTF announced it completed the physical installation of a 200-kilometer fiber optic network in Mexico. The first half of that network, 100 kilometers, has been formally accepted by a network provider client and entered the billing phase.
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