Akanda to Contest Unauthorized Liquidation of its Lesotho-Based Subsidiary, Bophelo Bio Science & Wellness (Pty) Ltd.
Published on: Tuesday 26 July 2022
LONDON, July 27, 2022--Akanda Corp. ("Akanda" or the "Company") (NASDAQ: AKAN), an international medical cannabis platform company, today announced that the High Court of Lesotho (the "Lesotho Court") has placed in liquidation the Company’s indirect, wholly-owned subsidiary, Bophelo Bio Science & Wellness (Pty) Ltd. ("Bophelo"). The action to place Bophelo in liquidation was taken by the Lesotho Court pursuant to an unauthorized application and request (the "Liquidation Application") that was fi
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