Business
Akanda Corp. Driving Recurring Revenue Growth: $2 Million Cash Flow Secured Through Fiber Acquisition
Toronto, Ontario--(Newsfile Corp. - March 26, 2026) - Akanda Corp. (NASDAQ: AKAN) ("Akanda") and its wholly owned subsidiary, First Towers & Fiber Corp. ("FTF" or the "Company"), an emerging telecommunications infrastructure developer in Mexico, are pleased to announce an expansion of its dark fiber network with the addition of approximately 200 kilometres, increasing total network coverage to approximately 900 kilometres across Central Mexico.This milestone is expected to materially advance...
About this update from Akanda Corp.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - March 26, 2026) - Akanda Corp. (NASDAQ: AKAN) ("Akanda") and its wholly owned subsidiary, First Towers & Fiber Corp. ("FTF" or the "Company"), an emerging telecommunications infrastructure developer in Mexico, are pleased to announce an expansion of its dark fiber network with the addition of approximately 200 kilometres, increasing total network coverage to approximately 900 kilometres across Central Mexico.","length":482,"tagName":"p"},{"type":"text","content":"This milestone is expected to materially advance FTF's strategy to build a scaled, high-margin, cash-flow-generating digital infrastructure platform in what the Company believes is one of Latin America's most attractive and undersupplied connectivity markets.","length":267,"tagName":"p"},{"type":"text","content":"Highlights","length":10,"tagName":"p"},{"type":"text","content":"Contracted, Predictable Cash FlowThe newly secured 200 km of 48-strand fiber infrastructure is backed by a long-term Indefeasible Right of Use (IRU) agreement expected to generate approximately USD $2.0 million in contracted cash flow over a 10-year period. This revenue is underpinned by existing, stable enterprise customers under a Master Lease structure that includes a five-year initial term with a five-year renewal option.","length":430,"tagName":"p"},{"type":"text","content":"High-Margin Infrastructure with Operating LeverageFTF believes that dark fiber assets benefit from low operating costs and significant incremental margin expansion, enabling strong free cash flow conversion as utilization increases.","length":233,"tagName":"p"},{"type":"text","content":"Exposure to a High-Growth Economic CorridorThe Bajío region is considered one of Mexico's most important industrial hubs, driven by manufacturing, logistics, and international investment. While the anchor tenants have already contractually committed to the expanded network, FTF continues to position itself to strategically capture significant additional upside by seeking to lease the remaining fiber strands to telecom carriers, hyperscalers, and multinational enterprises in the Bajío region.","length":501,"tagName":"p"},{"type":"text","content":"Platform for Accelerated ScalingThis expansion enhances the Company's network density and interconnectivity, cr...