Akanda Hires President

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Experienced Cannabis Executive, Registered Pharmacist and European Patent Attorney to Lead Pharmaceutical Strategy & Operations, Corporate Quality Management, Legal & Regulatory Affairs

Akanda Corp. (“Akanda”) today announced that Dr. Aslihan Akkar-Schenkl, an experienced executive in the cannabis industry, a registered pharmacist and European Patent Attorney, has joined Akanda as President. Reporting to CEO Tej Virk and Group Executive Chairman Louisa Mojela, Dr. Akkar-Schenkl will be responsible for company-wide Pharmaceutical Strategy & Operations, Quality Assurance, and Legal & Regulatory affairs. She will work closely with Akanda’s EU GMP processing and distribution partner Cantourage GmbH, based in Germany.

Dr. Akkar-Schenkl has occupied key positions in the German cannabis industry in the last 36 months including Responsible Person, Narcotics Officer and Managing Director of Northern Green Global GmbH, European Division of Northern Green Canada Inc. She also represented her former organizations before the regulatory bodies in Germany. Within the course of her latest responsibilities, she oversaw the EU GMP certification of Northern Green Canada Inc. before the District Government of Upper Bavaria. She supervised further EU GMP projects – both indoor and greenhouse grow facilities.

“I am thrilled to be joining an organization aiming to improve the quality of patient lives and to create a better future for the communities in which it operates,” commented Dr. Akkar-Schenkl. “We plan to accomplish this through a unique ‘seed to patient’ supply chain model that provides patients throughout Europe with access to diverse formulations of pharmaceutical-quality medical cannabis products, in partnership with a team of clinicians and pharmacists, distinctive genetics and technology, and sustainable business practices.”

“Akanda aims to sit at the forefront of what we view as one of the most exciting market shifts in our lifetime – the opening up of international markets to cannabis and other wellness products,” commented Tej Virk, CEO and Director of Akanda. “With accomplished industry pioneers like Dr. Akkar-Schenkl on our team, we believe no company is better positioned to seize this emerging opportunity than ours. Together we intend to build the world’s leading supplier of medical cannabis and wellness products, with lasting benefits to all of our stakeholders – patients, employees, shareholders and our communities. We aim to create passion for our employees to help us improve the quality of human life by giving them on-the-job development opportunities through training programmes at diverse levels.”

About Akanda Corp.

Akanda is an international medical cannabis company seeking to help patients around the world lead better lives by democratizing access to cannabis-based medicine and wellness products. Akanda’s initial portfolio includes Bophelo Bioscience & Wellness, a GACP qualified cultivation and processing campus in the Kingdom of Lesotho in Southern Africa focused on cultivating cannabis of the highest quality at a low-cost compared to many of its competitors, and CanMart, a UK-based fully approved pharmaceutical importer and distributor which supplies pharmacies and clinics within the U.K.

A cornerstone of Akanda’s value system is its fundamental commitment to using its operations as a force for sustainability and social good. Akanda will seek to deliver on this promise by driving positive change in wellness, empowering individuals in Lesotho, and by uplifting the quality of the lives of employees and the local communities where it operates – while limiting its carbon footprint. Adhering to best practice ESG operating and disclosure standards is among Akanda’s highest priorities.

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Cautionary Note Regarding Forward-Looking Information and Statements

This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the beliefs of Akanda regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Akanda’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. Forward-looking information may relate to anticipated events or results including, but not limited to Dr. Akkar-Schenkl’s intended role, business strategy, product development, and international growth and expansion.

The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and Akanda does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Contacts

Investor Contact

Matt Chesler, CFA
FNK IR
ir@akandacorp.com

Media Contacts

United States:
Annie Grant
Allison + Partners
akanda@allisonpr.com

Europe:
Imogen Saunders
Irvine Partners
imogen@irvinepartners.co.uk