TORONTO, ON / ACCESS Newswire / October 20, 2025 / Markets chase stories every day. What they rarely find is follow-through. Akanda Corp. (NASDAQ:AKAN) is one of the exceptions, a company turning headlines into hard assets and plans into infrastructure that can be measured, touched, and leased.

Its wholly owned subsidiary, First Towers & Fiber (FTF), isn't theorizing about the future of connectivity. It's building it. The company already operates thirty telecom towers and a 700-kilometer dark-fiber network across Mexico, assets backed by long-term lease agreements that generate recurring revenue from one of the fastest-growing digital markets in Latin America.

Now that the foundation is getting bigger, the impact is getting louder.

After-hours on Thursday, Akanda announced that FTF will construct or acquire up to 20 additional towers by the end of 2025, expanding its footprint across Mexico's urban and regional corridors. Each new site adds coverage, boosts network capacity, and strengthens FTF's position inside the Altán Redes Red Compartida project - the $7 billion national telecom buildout already transforming the country's digital landscape.

A Company That's Building, Not Betting

There's no mistaking what's happening here. Altán Redes isn't a pilot, a pitch, or a PowerPoint. It's one of the largest infrastructure undertakings in Latin America - already home to more than 11,000 towers, 80,000 connected localities, and over 24 million people receiving service. Billions have been spent, and billions more are budgeted. It's the real network, and it's been growing month after month.

And inside that grid, FTF has found its stride. Each tower it raises is another proof point in motion. Each fiber route it activates strengthens a system built for permanence, not speculation. That's the new rhythm Akanda is writing; one that turns execution into equity.

When Chris Cooper, CEO of FTF, says the plan is about "executing our growth strategy," he isn't talking in abstractions. He's talking about steel, contracts, and connectivity. Every new tower enhances recurring revenue and reinforces FTF's credibility as a preferred partner for Altán and CFE, two cornerstones of Mexico's communications infrastructure.

Momentum That Markets Notice

Investors are paying attention. AKAN has seen sharp moves throughout October, setting new highs and delivering triple-digit percentage swings as the broader small-cap market rides its own wave of volatility. The difference is that Akanda's moves are coming with substance behind them. Each operational milestone adds real context to the chart: proof that volatility can just as easily reflect traction as turbulence.

The market reaction suggests investors are beginning to see Akanda not as a speculative microcap chasing contracts, but as a verified participant in a project already funded, operational, and expanding. It's the kind of validation that doesn't come from promise, but from performance.

Earlier this year, Akanda raised $12 million in convertible funding to fuel this very phase - capital earmarked for expansion, not survival. That structure gave FTF the runway to scale its operational footprint while staying synchronized with Altán's national rollout-the result: measurable growth that compounds quarter over quarter.

Proof Becomes Permanence

Akanda's evolution is now defined by infrastructure built with intention. The company's mix of active tower builds, growing lease agreements, and expanding fiber corridors positions it inside the country's long-term digital transformation, where recurring revenue replaces one-time wins and each asset compounds value over time.

Yes, the stock can move fast. That's what happens when demand meets a thin float. But that same dynamic amplifies every milestone, with each tower, each route, and each new contract feeding into a structure that's no longer theoretical.

Markets don't reward motion; they reward momentum that lasts. And Akanda's progress, tower by tower and route by route, is starting to look like the kind that leaves a mark. At this stage, the company isn't just part of Mexico's telecom buildout. It's helping build the backbone of it.

That's where proof stops being a headline and starts becoming history.

About Akanda Corp.

Akanda Corp. is an international cannabis company with operations in Europe and North America. The company is dedicated to cultivating and distributing high-quality medical cannabis and wellness products that improve lives. Akanda's mission is to provide safe, reliable, and accessible cannabis products to consumers worldwide while promoting sustainable business practices.

About First Towers & Fiber Corp.

First Towers is focused on tower development and operating its 700+km fiber optic network in the attractive wireless market of Mexico, with an intention to expand to other Latin American countries. It is a wholly-owned subsidiary of Akanda Corp. (NASDAQ: AKAN).

Forward-Looking Statements
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SOURCE: Akanda Corp.