Hellenic Dynamics vice president and CEO Davinder Rai
The company grows its plants in a 200,000-square metre ex-military bunker in Northern Greece, but is headquartered in London.
The CEO quipped that he thought there was something “very romantic about growing cannabis in an ex-bunker.”
Journey so far
Rai said he first became involved in the cannabis industry when his father, a kidney transplant patient, faced serious health problems. One of his transplanted kidneys had become cancerous and as a result Rai’s father was put on a heavy course of opioids for pain management.
“You could see that the pain treatment really wasn’t touching the sides,” the CEO said.
Luto no humor: Paulo Gustavo morre aos 42 anos, vítima de Covid-19 uol.com.br - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from uol.com.br Daily Mail and Mail on Sunday newspapers.
Exclusive: EU’s biggest hemp producer sees profits grow 616 per cent in 2020
HempFlex has seen a huge increase in profit before tax this year.
HempFlax saw its profits before tax skyrocket 616 per cent in 2020 to €659,000, as demand grew for its construction materials and CBD.
The EU’s biggest hemp grower, headquartered in Holland, saw full year revenues up 43 per cent to €14.5m in 2020, with EBITDA increasing 63 per cent to €1.8m.
The numbers were in part driven by a 1,089 per cent increase in sales of the group’s construction materials, arising from its May 2020 acquisition of Thermo Natur, a German manufacturer of nature fibre insulation.
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