Mountfield Group plc (GB:HELD) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Hellenic Dynamics PLC, a cultivator specializing in THC-dominant medical cannabis, has raised £217,000 through the issuance of 10,850,000 new ordinary shares to support its operations until a €1 million loan is received. The new shares will be traded on the London Stock Exchange, with expected admission around mid-May 2024, expanding the company’s issued share capital to 142,543,818 shares. This capital injection underscores Hellenic Dynamics’ strategic focus on the burgeoning European medical cannabis market, leveraging its cost-effective production facility in Greece.
For further insights into GB:HELD stock, check out TipRanks’ Stock Analysis page.