Recaps · August 14, 2026

AKAN, August 14: news after the close, $11.42 at 4:00 a.m., and a wall that vanished

• Small cap
• Momentum
• Main move: pre-market
• News: after the prior close
• Gap and fade
• Float traded 15x
• Ask wall pulled

News

Newsfile Corp, the day before at 4:05 p.m.

Float

479,413 shares

Volume

7.51 million shares

Previous close

$5.01

Open

$7.87 (up 57.1%)

High

$11.42 at 4:00 a.m.

Close

$6.49

The day before

On August 13, AKAN opened at $5.31 and ran to a high of $11.63. It closed at $5.01, below where it opened.

The news came after the close. At 4:05 p.m. Newsfile Corp ran: “Akanda's First Towers & Fiber Increases Recurring Revenue with Completion of 200 KM Fiber Network.” The last after-hours bar of the day was at $9.49.

Pre-market: $11.42 at 4:00 a.m.

The first trades on the 14th were at $10.28, already far above the $5.01 close. The high so far, $11.42, printed in the very first minute, at 4:00 a.m. That was up 128%. The minute closed at $10.77.

The next minute pushed to $11.00, a lower high under the top. By 4:14 it was at $9.21. At 4:24 it pushed to $10.35, still well short of $11.42.

By 4:08 a.m., more shares had traded than exist in the whole float (479,413). Shares outstanding were 480,976, so almost all of the shares were in the float.

From there it drifted lower. It was near $9.00 at 5:29, then slid to about $8.00 by 5:44 and spent the next few hours between roughly $7.70 and $8.90.

The wall at $10.35

At 6:56 a.m. volume jumped to 80,001 shares in one minute as the price touched $8.89. The second-by-second look at the book showed more. At 6:57:16 there were 50,293 shares offered at exactly $10.35, about 10% of the float. Two seconds later, 25,164 more appeared at $10.76. Both were far above where the stock was trading, near $8.60.

By 8:48 they had been there for more than an hour and a half.

At 8:48:23 both walls were pulled. The size left the book without trading there. Eleven seconds later, at 8:48:34, a buyer swept 24,545 shares from $7.55 to $7.68 through nine price levels. In the same second came prints of 24,000 shares at $7.58 (at the ask), 24,000 at $7.58 (at the bid) and 15,562 at $7.58. The 8:48 minute traded 113,776 shares and its low of $7.46 was the low of the whole pre-market. It closed at $7.59.

At 8:50 a bid wall appeared at $7.50. It peaked at 37,397 shares at 8:52, about 8% of the float. It was pulled at 9:28.

The open

It opened at $7.87, up 57% from the previous close. One second after the open, 25,342 shares printed at $7.85. By 9:34 a.m. total volume was nearly nine times the float.

The 9:35 minute ran to $8.65 on 141,137 shares, including a buy sweep of 13,114 shares from $8.30 to $8.37. $8.65 was the high since the open. The next minute reached $8.64. At 9:36:17 a new ask wall appeared at $10.01 and peaked at 25,301 shares. Then the 9:37 minute fell to $7.71 on 119,022 shares.

It slid to $7.13 by 9:48. At 10:11 it pushed up again, reaching $8.30 at 10:19. At 10:19:10 the $10.01 wall was pulled. Two seconds later an ask wall appeared at $8.46 and peaked at 25,800 shares.

The 10:20 minute opened at $8.25 and closed at $7.75. Inside it, a sell sweep of 14,166 shares ran from $7.96 down to $7.70 through 25 levels.

10:50 and the afternoon

The 10:50 minute opened at $7.25, hit a low of $6.81 and closed at $6.86 on 53,161 shares. Two sell sweeps hit within five seconds: 12,274 shares from $7.22 to $7.09 at 10:50:17, then 12,428 shares from $7.03 to $6.82 at 10:50:22. At 10:52:14, 14,500 shares printed at $6.80 at the bid.

At 10:53 a.m. Benzinga ran: “Akanda Stock Surges Friday: What's Driving the Action?” By then the stock was already below $7.

It fell to $6.34 by 11:13. At 1:00 p.m. it moved up from $7.02 to $7.56 at 1:05, and an ask wall peaking at 25,300 shares showed at $8.07. Afterward it slid again. The low after the open was $6.23 at 3:56 p.m.

The close and after hours

It closed at $6.49, 43% under the $11.42 high. That high came before the bell, at 4:00 a.m., and was 45% above the open.

By the close, 7.25 million shares had traded, pre-market included: the float changed hands about 15 times. Of that, 4.12 million traded before the open and 3.13 million in the regular session. After hours it slid to $5.39, the low of the day, at 7:59 p.m.

What to take from it

• After the top, the next push stopped lower. $11.42 at 4:00 a.m., then $11.00 at 4:01.
• A big wall far above the price can leave without a trade. The 50,293-share ask at $10.35 sat for almost two hours, then left the book at 8:48:23 without trading.
• Most of the move was gone by the close. It closed at $6.49, 43% below the $11.42 high that printed before the open.