Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Https://businessofcannabis.com/pfizer-medical-cannabis-market-acquisition/
https://greekreporter.com/2021/10/12/pfizer-investment-thessaloniki-historic-moment-greece/
https://greekcitytimes.com/2023/05/18/pfizer-head-bourla-awarded-an-honorary-doctorate-by-patras-university/
“Responding to a Parliamentary question, Mr Philp said that up to 19 September this year, the UK had imported 23,890 KG of cannabis (in base drug form). This is more than triple the 7,762 KG of cannabis that was imported in 2022.“
“Hellenic Dynamics is capable of producing over 54,000 kg of dried flowers per annum”
HELD can grow 2x the amount of cannabis imported into the uk 🤔
The cultivation is for the Greek government JV to secure IP protection
Very exciting stuff, basically if a certain strain is protected then only HELD can be used to supply
There’s also a heavy Pfizer link I’ll post in the morning
Just noticed this
The firm added that the credit facilities would provide export factoring for working capital, letters of guarantee for the advanced payment of Greek domestic grants for which Hellenic has already applied
Now read it again
“Advanced payment of Greek grants”
👀😉
I listed news expected a few days ago… todays news was left field, but Greeces biggest bank backing HELD 😉
Greece seeing the biggest boom in Europe currently and eu cannabis also starting a bull run
5m mcap 🤣🤣🤣
Can’t make it up that people are deramping this low
👀
2. Grants for medical cannabis processing facility
Up to 75%* aid intensity for the investments in vertical facilities for the cultivation and processing of medical cannabis in Greece.
Maximum amount of aid: € 5,000,000.
Costs that can be subsidized
Greenhouse Construction costs
Greenhouse equipment (eg trimmer machines, greenhouse lighting, mechanical equipment, ventilation systems, CCTV monitoring, etc.)
Net Metering Systems
Specialized software
Landscaping of the greenhouse area and the building
Construction cost of the industrial unit building
Cost of the electromechanical installations of the building
Mechanical equipment (eg flower drying machines, oil extraction machines, pill making machines, packaging machines, CCTV monitoring, etc.)
Type of aid:
Grant
Subsidy
Tax exemption
Wage Subsidy
Leasing Subsidy
* The maximum percentage varies depending on the Region where the investment will be implemented and the size of the company, as defined by the EU.
I don’t see that being the current case, Greece is one of only a few countries that can grow high THC cannabis. The ecosystem is also perfect, along with 100% renewable energy.
The have a JV in the form of the Greek government and an mou in place. IP protection is very exciting.
4-5m mcap is simply ridiculous.. especially when comparing peers
This one POD that is already ready to roll will churn out 1 1/2 times the mcap … with
“Hellenic would have a total production of 4,800 kg per annum and all devoid of any cost of sales.”
Just read that again
“Devoid of any cost of sales”
😏
Also worth going back, this mou is yet to be executed. Wonder how many PODS at 1,200kg demecan will be taking on 🧐 and the figures involved… €5 per gram x 1000 x 1200 = €6m per year, per POD
With 43 PODs available 😉
Under the MoU, Hellenic Dynamics will grow and supply medical cannabis flowers from Demecan provided cultivars in an indoor cultivation area of 1,000 square meters capable of producing circa 1,200 kg of medical cannabis flowers per annum under Good Agricultural and Collection Practice ("GACP"). Demecan will then process the delivered flowers in its own EU-GMP facilities for onward sale to the German market. It is anticipated that the binding agreement with Demecan will be in place in line with Hellenic Dynamics' cultivation strategy, as per the Company's previous announcement.
The first crop was to secure IP protection 😉
“Following the announcement of 29 September 2023, Elgo Dimitra, the public research institute overseen by the Greek Ministry of Agriculture, has begun the cultivation of medical cannabis flowers for Hellenic Dynamics.”
“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.“
The following 5 Reasons summarize why Greece is becoming “The European Production HUB for Medical Cannabis”
• Favorite legislative frame supporting Vertical Integration facilities
• Low Investment costs at a currency stability (since Greece is within EU and Eurozone)
• Licensing at a fast track
• Ability to Market final medicinal cannabis products (with high pharma standards) for specific Set of Diseases
• Grants up to 55% of the Medical Cannabis Investment
“In advanced discussion to move to 100% renewable energy, which is anticipated to bring the overall production costs down even further, whilst providing our customers with a sustainably grown quality product”
From 4 pods:
Hellenic would have a total production of 4,800 kg per annum and all devoid of any cost of sales.
If CEL are getting these types of contracts for a maximum they can grow of 4,800kg
announced in May and September 2023, the first of which is worth a minimum of £3 million of revenue, with up to £1.2 million of revenue anticipated for the second contract.
Since the announcement of these first two contracts, the Company signed a further commercial contract on 16 November 2023 with a leading European medicinal cannabis company. This latest contract has the potential to generate revenue to Celadon of up to £26 million over three years, with the first delivery anticipated in H2 2024.
What’s HELD going to do with a maximum of 54,000 kg 🤔
It’s simple to see the value here.
CEL aiming for 5 tonne per year.. 60m mcap was 100m+
HELD ipo 32m mcap, aiming at 54 tonne. (Can grow 5 tonne with just 4 pods) 4m mcap
News to watch out for:
1. Large Pharma deals for PODs,
“with a view to cultivate plants to be used by large pharmaceutical companies.”
“With just four POD agreements (of which Hellenic currently has 1 MoU in place) Hellenic would have a total production of 4,800 kg per annum and all devoid of any cost of sales.”
2. Mou with Greek government to enter the next phase,
“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.”
3. NHS 👀,
HELD will be specifically growing high thc varieties, in large quantities, which is not legally allowed in most jurisdictions.
Hence why it seems they will be supplying the NHS here
‘to be the supplier of choice to the NHS of high-quality, competitively priced and fully regulated THC-dominant medical cannabis.’
4. Securing IP protection on strains 😏
Davinder Rai, CEO of Hellenic Dynamics, commented:
"This MoU with ELGO-DIMITRA is very exciting as it means the Company could gain IP protection on its strains of THC medical cannabis flowers which could be incredibly valuable , especially if efficacy can be shown in patients against specific pain indicators."
5. Eu and Greek grants
“Made two grant applications both at EU and at domestic Greek level to support the Company in best agricultural practices.”
And more…
Https://www.boerse-frankfurt.de/bond/usg7052taf87-petrofac-ltd-9-75-21-26 👀👀👀👀