LONDON - Hellenic Dynamics PLC (LSE: HELD), a London-listed company specializing in the cultivation of medical cannabis, has been served with a winding-up petition by a shareholder, the company announced on Tuesday. The petition, seeking the compulsory liquidation of the firm, claims a sum of £32,274.26 and is set for a hearing at the High Court on December 18, 2024.
The directors of Hellenic Dynamics regard the petition as an abuse of the legal process, stating that the petitioner is not a creditor. The company plans to request the High Court to dismiss the petition. The directors are taking full responsibility for the announcement, which contains inside information according to the Market Abuse Regulation.
This development comes amid the company's efforts to establish itself as a key player in the production of medical cannabis flowers for international markets. The outcome of the petition could potentially impact the company's operations and its stakeholders.
The information in this article is based on a press release statement.
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