Mountfield (GB:HELD) has released an update.
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Hellenic Dynamics PLC, a medical cannabis cultivator, has completed Phase 1 of its large-scale facility and is pursuing additional funding of £1.25 million to finalize its post-harvest area for commercial cultivation. With the prospect of producing 450kg of medical cannabis annually, the company is also negotiating a partnership for an EU-GMP certified post-harvest facility that could accelerate production start by up to four months. Furthermore, Hellenic Dynamics is poised to capitalize on recent legislative changes in Greece that allow medical cannabis prescription, aligning with their domestic-focused white label distribution strategy.
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