Stock Price Prediction

Akanda Corp (AKAN) is currently trading at $1.73, with recent developments including a reverse stock split and plans to raise $1.5 million through a public offering. The bullish view sees potential upside to $1.88 (Fibonacci R1) due to its expansion in the Canadian cannabis market and financial growth. However, the stock remains speculative, with risks tied to its halted trading and pending news.

Akanda Corp (AKAN) is currently trading at $1.73, showing slight recovery momentum (+2.37% post-market). However, the stock faces bearish pressure due to its recent trading halt and pending news, which introduces uncertainty. Additionally, the company's reverse stock split and public offering to raise $1.5 million suggest financial challenges, potentially limiting upside in the near term.