Proactive Investors - Medicinal cannabis cultivator and supplier Hellenic Dynamics Plc is set to list on the main market of the London Stock Exchange, with the debut scheduled for December 5.
Hellenic’s listing will be performed via a reverse merger with special purpose acquisition vehicle UK SPAC PLC (AIM:SPC), which just received approval from the Financial Conduct Authority for the merger.
The general meeting for UK SPAC plc shareholders will take place at 10:00am on December 1, completion of the proposed acquisition of Hellenic Dynamics will take place on 5 December 2022, and the admission and commencement of dealings on the LSE is expected to take place at 8:00am on Monday December 5.
Davinder Rai, chief executive of Hellenic Dynamics, said: "Chronic pain is one of the most expensive issues for the NHS and 26% of the UK population is suffering from it. As a result, over one million people in the UK use illegal cannabis with medical intent.
“It is our aim to be the supplier of choice to the NHS of high-quality, competitively priced and fully regulated THC-dominant medical cannabis.
“Hellenic's admission to the main market as the first medical cannabis cultivator marks a major step forward not just for the company but also for the millions of people around the world who will benefit from our life enhancing medical products."
Germany’s sophisticated market is also a point of focus for Hellenic Dynamics, alongside the Greek domestic market.