Business
Directorate Changes
Directorate Changes.
About this update from Hellenic Dynamics Plc
[{"type":"text","content":"\n\n25 June 2024\n \nHellenic Dynamics plc\n(\"Hellenic Dynamics\" or the \"Company\")\n \n \nDirectorate Changes\n \nLondon, 25 June 2024: Hellenic Dynamics Plc (LSE: HELD), a medical cannabis cultivator with a dedicated focus on producing tetrahydrocannabinol (\"THC\") dominant strains of medical cannabis flowers for the fast growing global medical cannabis markets, announces that Sir Anthony Joliffe, Non-Executive Chairman of the Company, has stepped down from the Board of Directors with immediate effect due to age. \n \nThe Company has already begun the process of finding a suitable replacement non-executive chairman.\n \nDavinder Rai, Chief Executive Officer of the Company said that \"I would like to extend my deepest gratitude to Sir Anthony for his tenure with the Company and wish him the very best in the future. As Hellenic moves into the next phase of its growth stage, the Board of Directors is looking to its existing relationships with envisioned partners, among other strategic opportunities, for a replacement for the position of non-executive chairperson\".\n \nThe Directors of the Company take responsibility for this announcement.\n \nEnquires: \n \n\n\n\n\nHellenic Dynamics plc\n\n\n+44 (0)20 3818 7850\n\n\n\n\nDavinder Rai\n\n\[email protected]\n\n\n\n\n\n\n\n\n\n\n\n\nCairn Financial Advisers LLP\n\n\n+44 (0)20 7213 0880\n\n\n\n\nEmily Staples / Jo Turner\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPeterhouse Capital\n\n\n+44 (0)20 7469 0930\n\n\n\n\nLucy Williams / Charles Goodfellow\n\n\n\n\n\n\n\n \nAbout Hellenic Dynamics plc\n Founded in 2019, Hellenic Dynamics is specifically focused on the cultivation and supply of THC (\"tetrahydrocannabinol\") - dominant strains of medical cannabis flowers, destined for the growing global medical cannabis markets. Hellenic Dynamics' core strategy is to develop and operate its 40,000 square metre active cultivation licence from its 195,506 square metre facility located near Thessaloniki in Northern Greece. In full production, Hellenic Dynamics is capable of producing over 54,000 kg of dried flowers per annum. Hellenic Dynamics will take advantage of its relatively low cost base resulting from a comparatively low cost of power, having its own running water supply and the labour rates for skil...