Kanabo Group Plc, the medicinal cannabis company which recently successfully launched on London Stock Exchange (LSE: KNB), has entered a deal to partner with Hellenic Dynamics S.A, a medical cannabis cultivation company with a substantial cultivation facility in Northern Greece. Under the terms of the Memorandum of Understanding between the two parties, Kanabo will buy up to 1000 kg per year EU GMP-certified cannabis flowers with pre-defined THC or CBD contents, subject to certain regulatory approvals, for subsequent extraction of medical standard oils. Kanabo raised gross proceeds of £1million through the placing of 4,545,454 Ordinary Shares at a price of 22 pence per share with a range of new and existing investors. The Company has also announced that it has acquired an interest over £750,000 worth of shares in Hellenic.

Mmp News Author, Medical Marijuana Program Connection, 05/25/2021 01:24:00

Open article: https://mmpconnect.com/kanabo-announces-deal-with-greek-cannabis-cultivation-facility/