Akanda is trading 11.52% down at $4.30 in after-hours trading after profit-taking following the recent Mexico fiber-network rally.
- The August 13 announcement that 100 kilometers had entered billing helped drive the earlier surge.
- The decline appears tied to broad market weakness and fading risk appetite rather than a new negative company-specific announcement.
- U.S. stocks fell as technology shares weakened, Treasury yields rose, and geopolitical concerns intensified.