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I hope you have had a fantastic week of trading.

Remember, tomorrow is a market holiday… so make the most out of what you can today!

I want to end the week with a new stock that is in quite an unusual situation.

And right now, I think it presents a very compelling opportunity.

You have probably read about the Administration’s push to loosen the noose on what some would call “natural remedies.”

Here is an article from the Wall Street Journal talking about it recently…

As you can imagine, in the days since this news came out, the whole “MJ” sector has exploded with excitement.

As I pointed out last night, a lot of stocks in that group have jumped 30%, 50% even 200% or more in the last few days as investors have scrambled to get exposure to the sector again.

And it makes sense.

This is a huge opportunity.  Did you know that a recent report claims that over 130 million US citizens use weed in whatever form?

Of course, even with softer laws rolling in many states, most of that use is still illegal.

It is a staggering number, so it makes sense that the producers would be surging right now with news that it may become legal soon.

Now, here is the interesting part.

Pull up Akanda Corp (AKAN) on your screen right now.

This is the unique situation I want you to take a close look at today.

First of all, the stock only trades for around 16 cents right now.

Stocks like this can be fun “lotto ticket” types of plays.

You see, I can buy 1000 shares for not much more than I spend when I take my family out for dinner (which isn’t as cheap as it used to be!)

I say lotto, because it’s either a big winner, or I throw it in the trash.  I don’t risk enough to make me worry about it too much either way.

There are a few “unique” things happening here that make it a very interesting stock to look at right now.

The first, obviously, is the price.  We’re talking just 16 cents here, and you know how quickly moves can happen on stocks like that.

In fact, just a few days ago, AKAN made a 40% move higher over a few days like it was nothing.

Next, they are in the hottest sector of the market right now.  Now, that won’t last too long, but right now, it is where all of the small-cap traders are buzzing around.

When the current is headed in one direction, it sure makes swimming with it pretty easy.

While AKAN is an incredibly small company, they have made two moves recently that suggest they are building for something new around the corner.

The first is that they recently signed an agreement for a $2 million sale on a core product of theirs.

Then, just this week, they closed an additional $5 million financing round.

Now, you have to ask… Why would a tiny stock like this make such unusual moves right now?

AKAN is now sitting on a lot of cash and has yet to announce what it will do with it.

When that news does come out, it will definitely be a “lotto play!”

Regardless of when that happens, I think the stock is extremely interesting at this level.

A red-hot sector and a tiny stock like this can prove to be extremely exciting to watch.

Trust me when I say that you need to pull up AKAN and start watching it immediately!

There is limited information out there about the company, but here is some background to get you started on your own homework.

Akanda Corp. (AKAN) is a cannabis company with a special focus in Britain and Canada.

Its current operations include a wholly-owned subsidiary, CanMart, that is a fully-licensed importer and distributor of cannabis-based medicine in the UK.

CanMart bills itself as “an independent supply chain solution into the UK for registered global Cannabis companies looking to enter the European market” and has been at it since 2020.

AKAN is also developing the Gabriola Green Project in British Columbia, Canada. This is a farming project that’s set to host facilities for the production of THC and cannabinoid (CBD) products.

Spend time right now doing your own research on the stock, and of course, always approach your trading in a responsible manner. Trading is very risky and nothing is ever guaranteed, so never trade with more than you can afford to lose, and always have a well-thought-out game plan that takes your personal risk tolerance into consideration.

Bottom Line:  “MJ” stocks are all the rage right now. AKAN is an undiscovered stock in that red-hot sector.  With the unusual moves the company has been making recently, I think this presents an extremely compelling opportunity today.  

Whatever you do… Make sure you keep a close eye on AKAN today!

To Your Success,

Jeff Bishop

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