0R15 9025.0 0.0% 0R1E 9410.0 0.0% 0M69 None None% 0R2V 247.99 9682.643% 0QYR 1567.5 0.0% 0QYP 439.3701 -2.9016% 0RUK None None% 0RYA 1597.0 1.2682% 0RIH 195.55 0.0% 0RIH 191.4 -2.1222% 0R1O 225.5 9683.0803% 0R1O None None% 0QFP 10475.8496 107.8542% 0M2Z 252.573 0.2373% 0VSO 33.0 -7.3164% 0R1I None None% 0QZI 622.0 0.0% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 222.05 -4.1318%

Kalkine IPO Report

Update on the IPO of Cariloha, Inc. and Akanda Corp.

Mar 01, 2022

Cariloha, Inc.

Company Overview

Cariloha, Inc. (ALOHA) is an omnichannel brand that emphasizes soft and sustainable consumer products spanning across bath products, bedding and clothing. The products are primarily made of Bamboo, which is one of the most sustainable and renewable resources on Earth. The company markets and sell its products through e-commerce and offline mode such as showrooms and wholesale channel. Further, the company has ties with major cruise lines and showrooms located in high traffic destinations and cruise ports of call, giving access to thousands of new customers to its stores.

Latest Update on the IPO

  • As per the latest S-1/A filing, the company has downsized its IPO.
  • The company is now planning to issue 2,000,000 Shares (Class A Common Stock) from 2,300,000 announced erstwhile.
  • The currently estimated offer price per share of common stock will be between $9.00 and $11.00, from $12-$14 announced earlier.
  • The earlier expected IPO date for Cariloha, Inc. was February 11, 2022. However, the company had postponed its IPO and the new date is not yet declared but it would be as soon as practicable after the registration statement is declared effective, as per the S-1/A filing.

Akanda Corp.

Company Overview

Akanda Corp. is a cannabis cultivation, manufacturing, and distribution company whose mission is to provide premium quality medical cannabis products worldwide. The company cultivates and processes natural cannabis at facilities in the Kingdom of Lesotho, Africa, and intends to supply medicinal-grade cannabis biomass, cannabis flower, and cannabis concentrates to wholesalers in international markets.

Latest Update on the IPO

On February 25, 2022, the IPO of Akanda Corp. has been postponed. The company might provide updates as applicable.

The company had expected to begin trading on February 25, 2022, on the NASDAQ-CM exchange under the proposed symbol “AKAN”. This IPO was expected to offer 4 million common shares at a price of $4 per share, according to the company’s registration statement.

*Please note that an IPO can be postponed or put on Hold at the discretion of the company or regulatory authority.


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