LONDON - Hellenic Dynamics PLC (LSE: HELD), a company specializing in the cultivation of medical cannabis, announced today that the winding-up petition hearing originally scheduled for Monday has been adjourned to February 14, 2025. The adjournment was due to the petitioner's failure to properly serve the petition.
The dispute arises from a petitioner seeking to recover losses from speculative trading of Hellenic Dynamics' shares. The company's directors have stated that they do not believe the company is liable for these claimed losses, as the petitioner is not a trade creditor of the company.
Hellenic Dynamics has committed to providing further updates to the market when more information is available. The London Stock Exchange (LON:LSEG) received this announcement today, and the directors of Hellenic Dynamics have taken responsibility for its contents.
This development comes after the initial announcement of the winding-up petition on November 26, 2024. The company, which produces medical cannabis flowers for international markets, is now awaiting the rescheduled court proceedings early next year.
Investors and stakeholders are advised to monitor further communications from the company regarding this legal matter. The information in this article is based on a press release statement.
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