Piraeus Bank, is one of Greece's largest banks in Greece24 Jan 2024 09:40
Hellenic Dynamics Plc (LSE: HELD), a medical cannabis cultivator with a dedicated focus on producing tetrahydrocannabinol ("THC") dominant strains of medical cannabis flowers for the fast growing global medical cannabis markets, is pleased to announce that Piraeus Bank S.A ("Piraeus Bank") has conducted a review of Hellenic Dynamics five year business plan and have issued a letter of intent for funding ("Letter") which outlines the support from the bank for the provision of credit facilities on the submission of a detailed business plan, to be submitted on behalf of Hellenic Dynamics by a consultancy firm considered to be acceptable by Piraeus Bank.
Piraeus Bank, headquartered in Athens, is one of Greece's largest banks and one of the most prominent in the agricultural sector. Under the terms of the Letter, Piraeus Bank intends to consider providing Hellenic Dynamics with credit facilities, as follows: