---
title: "AKAN stock leaves cannabis peers in the smoke with a stunning 1,700% rally in April — what’s fueling the run?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284862980.md"
description: "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."
datetime: "2026-05-01T03:33:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284862980.md)
  - [en](https://longbridge.com/en/news/284862980.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284862980.md)
---

# AKAN stock leaves cannabis peers in the smoke with a stunning 1,700% rally in April — what’s fueling the run?

・AKAN is also on track for its best week ever with gains of 300% so far. ・Investor sentiment across cannabis stocks improved after the U.S. Justice Department moved state-regulated marijuana toward Schedule III. ・AKAN’s rally was amplified by its tiny public float of about 534,420 shares, following multiple reverse stock splits. Shares of Akanda Co...

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