Mountfield Group plc (GB:HELD) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
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.
