AKAN stock leaves cannabis peers in the smoke with a stunning 1,700% rally in April — what’s fueling the run?
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AKAN stock has surged 1,700% in April, with a 300% gain this week, driven by improved investor sentiment in cannabis stocks after the U.S. Justice Department's move to classify state-regulated marijuana as Schedule III. The rally is further fueled by AKAN's small public float of approximately 534,420 shares due to multiple reverse stock splits.
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