Mountfield Group plc (GB:HELD) has released an update.
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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.
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