Business
Memorandum of Understanding with ELGO-DIMITRA
Memorandum of Understanding with ELGO-DIMITRA.
About this update from Hellenic Dynamics Plc
[{"type":"text","content":"\n \n \n 22 March 2023\n \n \n \n \n \n \n \n \n Hellenic Dynamics plc(\"Hellenic Dynamics\" or the \"Company\")\n \n \n \n \n \n \n \n \n Memorandum of Understanding with ELGO-DIMITRA - Institute of Plant Breeding and Genetic Resources of Greece\n \n \n \n \n \n Hellenic Dynamics (LSE: HELD)\n is pleased to announce it has entered into a five year memorandum of understanding (\"MoU\") with\n ELGO-DIMITRA,\n the Institute of Plant Breeding and Genetic Resources located near Thessaloniki, Greece which sets out the intentions of ELGO-DIMITRA and the Company to collaborate on projects and research.\n \n \n \n \n \n ELGO-DIMITRA is a public sector entity functioning under the Greek Ministry of Agriculture, Development and Food, focusing on agricultural research, agricultural product quality and certification.\n The key actions proposed in the MoU include the research, cultivation, improvement evaluation and utilisation of specific strains of medical cannabis genetics. It is the intention that, through this research, new varieties and species of cannabis with improved yield, quality and adaptability will be created.\n \n \n \n \n \n In the event that the parties agree to jointly undertake specific projects or collaborations, in the context of the MoU, a separate written contract will be drawn up which will define the obligations and responsibilities of each party.\n \n \n \n \n \n Hellenic Dynamics believes that by jointly researching medical cannabis flowers with\n ELGO-DIMITRA\n at the Company's facility, Hellenic may be able to exploit the joint research in seeking registration of its specific medical cannabis tetrahydrocannabinol (\"THC\") dominant genetics onto the Greek national genetics database. This in turn could lead to Hellenic Dynamics in future gaining Intellectual Property (\"IP\") protection on certain genetics, which the Company believes could be enforceable across Europe.\n \n \n \n \n \n The ambition of Hellenic Dynamics remains to define certain THC dominant medical cannabis flowers cultivated at the Company's production facility in Greece against specific pain and other indicators in patients. This cooperation agreement with ELGO-DIMITRA could add significant upside to the Company and help accelerate its ambition if efficacy in patients can be identified.\n \n \n \n ...