Akanda Corp. announced that Tejinder Virk resigned from his position as CEO of the company. Mr. Virk notified the company of his resignation on February 3, 2023.

Mr. Virk's resignation was a result of disagreement with the company regarding contractual obligations owed pursuant to the Service Agreement dated June 2, 2021 between Mr. Virk, Halo Labs Inc., as guarantor, and Canmart Limited, a subsidiary of the Company (Canmart). According to Mr. Virk, the Company and Canmart committed a breach of the Service Agreement by failing to pay him monies and benefits owed. The company wholeheartedly disputes Mr. Virk's interpretation of the Service Agreement and, while it has not accepted his resignation pending a legal review and Canmart's completion of the independent investigation announced on December 21, 2022, is actively searching for a candidate to succeed Mr. Virk as Chief Executive Officer and Executive Director.

Executive Director Katie Field has assumed his duties in the interim.