Hellenic Dynamics, set to become the first ever cannabis cultivation company to list on the London Stock Exchange (LSE), is now planning to launch its IPO later this month. The Greek cultivator announced its intention to list on the Standard segment of the LSE’s main market through a reverse takeover (RTO) in August last year, after it was acquired by AIM-listed cash shell UK SPAC Plc. During an interview with BusinessCann in September 2021, Hellenic’s Vice President Davinder Rai said that he expected the company to ‘join the LSE before the end of October at the latest’. Hellenic now says its ‘new date for UK SPAC is the end of this month, as it continues to work through the rigorous and lengthy requirements of the Financial Conduct Authority (FCA). “It’s taken a little bit longer with the opinions and everything, but so far the FCA seems pleased with everything that we provided and we are looking forward to listing I think probably January,” Mr Rai explained. “Truth be told, since the change of legislation with the FCA and LSE this year, it is pretty clear what you can and what you can’t do.
Cannabis Business Executive – Cannabis and Marijuana industry news, 01/10/2022 09:24:00