Company Analysis

Akanda Corp. (AKAN)

Nasdaq: AKAN · Medicinal Chemicals & Botanical Products · New Romney, GB · filing with the SEC since 2021
Grade3.8
◀ Past 4.1● Present 2.9▶ Future 4.7
2 est.

The grade of Akanda Corp.

Nine metrics read from its own filings, by tense
Headline grade
3.8/10
◀ Past4.130% of the headline
● Present2.940% of the headline
▶ Future4.730% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.1/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
6.0/10

Has it survived what it has been through?

3 warning events since 2021; the latest 2026-05-01.

weight 33% of this tense · 60th percentile among 20 sector filers · read for itself

From the record

Akanda Corp.'s filings since 2021 show 3 warning events: a late-report notice (Form NT 10-K or NT 10-Q, 3 times, the latest 2026-05-01) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.4/10

What has it actually done, year after year?

+348.8% a year over 5 filed years; profitable in 0 of 5.

weight 45% of this tense · 44th percentile among 18 sector filers · read for its customers

From the record

Akanda Corp.'s 5 filed years say what it did: revenue went from $2 thousand in fiscal 2020 to $837 thousand in fiscal 2024, up 348.8% a year; it rose in 3 of 4 years; the deepest fall was 84% from fiscal 2022 to fiscal 2023; net income was positive in 0 of 5 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span348.8%top 3% of its family
  • the share of years revenue rosetop 39% of its family
  • the share of filed years with a profitbottom 14% of its family
  • the deepest fall from a revenue peak83.8%bottom 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
0.8/10

How has it treated the people who own it?

SI estimate 0.8/10, confidence 35 of 100 (one part).

weight 22% of this tense · 8th percentile among 18 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 8% of 18 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 18 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Akanda Corp.'s shareholder treatment is put at 0.8 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 8% of 18 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

2.9/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
1.6/10

Is it financially healthy right now?

ROE -96%: lost 96¢ per shareholder dollar. Leverage 46%: owes 46¢ per asset dollar.

weight 45% of this tense · 15th percentile among 20 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2024-12-31, Akanda Corp. lost about 96 cents for every dollar of shareholders' money, and gross profitability: its products earned about 3 cents per dollar of everything the company owns. Leverage: it owed about 46 cents per dollar of assets, and net share issuance: its share count grew 1750.3% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 48% of its family
  • return on equitybottom 3% of its family
  • gross profit against assetsbottom 3% of its family
  • the share count against the year beforebottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.5/10

How strong is its position in its industry?

bottom 35% of 18 in its family; net margin -489.6%.

weight 33% of this tense · 35th percentile among 18 sector filers · read for its customers

From the record

Akanda Corp.'s standing among 18 graded names in its industry family: revenue of $837 thousand in fiscal 2024 ranks in the bottom 4% by size; a net margin of -489.6% ranks in the bottom 3%; revenue growth of 172.3% a year over the last 3 filed years ranks in the top 3% (its annual reports).

What it rests on

  • revenue against the family$836,664bottom 4% of its family
  • net margin-489.6%bottom 3% of its family
  • three-year revenue growth172.3%top 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.0/10

What are the people in charge doing?

SI estimate 5.0/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 12 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 12 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned
family median, 12 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Akanda Corp.'s leadership is put at 5.0 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 12 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.7/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.7/10

How much room does it have to grow?

bottom 37% of 18 in its family for room to expand.

weight 45% of this tense · 37th percentile among 18 sector filers · read for itself

From the record

Akanda Corp.'s room to grow, from the newest filed statements (fiscal 2024): cash of $4 million against no long-term debt tagged leaves 48.5% of its assets as net cash, top 24% of its family; cash from operations less capital spending is -726.5% of revenue (bottom 3%); a gross margin of 24.9% (bottom 32%) (its annual report).

What it rests on

  • cash less debt against assets48.5%top 24% of its family
  • cash from operations less capital spending against revenue-726.5%bottom 3% of its family
  • gross margin24.9%bottom 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.8/10

What could actually drive growth from here?

top 42% of 18 in its family for growth drivers.

weight 33% of this tense · 58th percentile among 18 sector filers · read for its customers

From the record

Akanda Corp.'s growth drivers, from the filed years to fiscal 2024: revenue grew 172.3% a year over the last three filed years against 348.8% over all 5, slowing (bottom 3% of its family); the newest year grew 97.2% (top 3%); capital spending grew 53.8% a year (top 26%) (its annual reports). Akanda Corp. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-176.6 points a yearbottom 3% of its family
  • the newest year's revenue growth97.2%top 3% of its family
  • three-year growth of capital spending53.8%top 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.3/10

Did its newest year beat what its own record pointed to?

top 47% of 18 in its family for expectations against reality.

weight 22% of this tense · 53rd percentile among 18 sector filers · read for its shareholders

From the record

Akanda Corp.'s newest year against its own record: revenue of $837 thousand in fiscal 2024 came in 38.3% below the $1 million its prior three years' pace pointed to (bottom 8% of its family); net income of $4 million against a prior three-year average of $17 million (top 47%); a net margin of a loss larger than its revenue against losses larger than its revenue before (top 3%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-38.3%bottom 8% of its family
  • net income against the prior three years' average+76%top 47% of its family
  • net margin against its prior averageup more than 100 pointstop 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton AKAN · research, not advice