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Akanda Corp. (NASDAQ:AKAN) shares are trending on Thursday.
AKAN shares climbed 33.69% to $13.65 after the bell on Wednesday.
The after-hours gain follows a 214.15% surge during the regular session, which closed the medical cannabis and wellness company’s stock at $10.21, according to Benzinga Pro.
Cannabis Reclassification Report Sparks Sector-Wide Rally
The stock’s move came after a broader rally in the cannabis sector on Wednesday, following a report suggesting that President Donald Trump could reclassify marijuana as early as this week. The news also lifted peer companies including Tilray Brands (NASDAQ:TLRY), Canopy Growth (NASDAQ:CGC), and Cronos Group
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