Akanda Corp. acquired Canahealth Limited from Halo Collective Inc. (OTCPK:HCAN.D) on November 4, 2021. The consideration includes 13,129,212 common shares in the capital of Akanda and a secured convertible debenture to Halo in the principal amount of $6.6 million in exchange for acquiring all outstanding indebtedness owed by Bophelo & CanMart to Halo. The Debenture is also convertible into Akanda Shares, at the option of Akanda, at any time prior to the maturity date. As a result, Halo owns approximately 68.3% of the issued and outstanding Akanda Shares.

Akanda Corp. completed the acquisition of Canahealth Limited from Halo Collective Inc. (OTCPK:HCAN.D) on November 4, 2021.