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‘Ramadan is all about charity’

BBC London News Feed - Wed, 05/12/2021 - 16:00
This Eid al-Fitr is very special for Zaavier, who has been fasting for the very first time this Ramadan.

Ice hockey's Elite League to return in September after Covid absence

BBC Manchester - Wed, 05/12/2021 - 15:55
Ice hockey's Elite League is to return in September after a one-season absence caused by the Covid-19 pandemic.
Categories: Manchester

Blackpool lightning strike: Tributes paid to Jordan Banks

BBC Lancashire - Wed, 05/12/2021 - 15:45
The boy, named locally as Jordan Banks, was taking part in a football coaching session in Blackpool.
Categories: Lancashire

St Albans: Lancaster Road closed after sinkhole opens up

BBC Beds Bucks Herts - Wed, 05/12/2021 - 15:43
Thames Water says a sewer pipe has collapsed and it is working "flat out" to assess the damage.

Eight boats carry 186 migrants across English Channel

BBC Kent - Wed, 05/12/2021 - 15:35
French authorities stopped a further 96 people from reaching the UK, the Home Office says.
Categories: Kent

Exclusive: Medical cannabis company chaired by former Lord Mayor of London to float on LSE

City of London News Stream by Cityam - Wed, 05/12/2021 - 15:30

Hellenic Dynamics, a medical cannabis cultivation business, plans to list on the London Stock Exchange next month, in a move likely to give the budding business a valuation of £50m.

The group will list on the main market of the London Stock Exchange via reverse takeover into a shell company.

“What we were looking for was a way of listing successfully, but also having enough oomph in our listing to accelerate our plans,” Hellenic Dynamics vice president and CEO Davinder Rai told City A.M.

Formed in early 2019, the company focuses on growing, exporting and selling THC-dominant dried cannabis flowers to markets like Germany, where there is demand for the products and the flowers can be legally imported.

“As soon as Kanabo listed in London we were getting phone calls from our lawyers saying, ‘look, London is open, London is going to be the place that a number of cannabis companies will end up listing, and you’d be in very good company if you listed in London,” Rai said.

“I’m hopeful we become the first European cultivator to get onto that exchange.”

Hellenic’s incoming chairman is Sir Anthony Joliffe, who Rai said has significant listed company experience, as well as being the former Lord Mayor of London.

FCA approval

In September, the Financial Conduct Authority allowed medicinal cannabis companies to list on the LSE, opening up the UK market to a growing sector already popular in North America.

Read more: Back of the net: Beckham-backed cannabis company scores soaring market debut

The regulator’s green light led to a flurry of activity, with companies like Kanabo Group and MGC Pharmaceuticals enjoying profitable market opens.

Hellenic Dynamics could be the next in line to take advantage of London’s new regulatory framework.

Cannabis

In the UK, cannabis products on the shelves that can be bought without prescription must contain no THC, or technically nothing more than 0.01 per cent.

However, cannabis medicine with more than 0.01 per cent THC is available via prescription from a licensed pharmacy, meaning Hellenic’s products can be precribed in the UK, but not sold on the shelves.

Read more: Will London’s budding cannabis market turn the EU green with envy?

According to Hellenic Dynamics, THC content of 18 per cent and above is the norm, and in Germany, the most requested cannabis products from doctors and pharmacists are those with THC of over 21 per cent. 

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.”

Read more: Exclusive: Purity Hemp CEO on the UK’s fast-growing medical cannabis market

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.

“My mother was beside herself, and it was around that time that I’d been reading so much about cancer and cannabis, that if there was a way that he could have accessed cannabis then, I guarantee to you that his recovery would have happened faster, because the side effects that he was having with the opioid medicine… Well I think he’d have rather had had the cancer.”

Rai said the UK issues more opioid prescriptions per capital than anywhere else in the world.

He said in North America, in states that have legalised medical cannabis, opioid prescriptions have fallen by about 30 per cent.

Read more: NBA star Chris Webber partners with asset manager to launch $100m cannabis impact fund

“I really think as a pain management medicine [cannabis] has more of the benefits with far less of the side effects,” he added.

Medical cannabis on a prescription basis is used for conditions including chronic pain, intractable chemotherapy-related nausea, PTSD, anxiety, insomnia, tourette’s syndrome, substance use disorder, multiple sclerosis, IBS and spinal cord treatment.

The cannabis industry is calling for a further easing of restrictions on medical use of the drug, arguing that the sector is being held back from creating thousands of jobs as uptake remains low three years after being legalised in the UK.

Read more: City watchdog to consult on changing listing rules for SPACs

The post Exclusive: Medical cannabis company chaired by former Lord Mayor of London to float on LSE appeared first on CityAM.

Categories: City of London

Peterborough murder probe: Man arrested over stab death after party

BBC Camberidgeshire Feed - Wed, 05/12/2021 - 15:26
Police investigating the stabbing of Daniel Szalasny arrest a 20-year-old man.
Categories: Cambridgeshire

Concerns increase for mother of baby found dead in canal

BBC London News Feed - Wed, 05/12/2021 - 15:26
The newborn girl was found by a paddle boarder in the Grand Union Canal on Sunday.

Dalian Atkinson: Taser 'working properly' before use

BBC Birmingham News Feeds - Wed, 05/12/2021 - 15:26
PC Benjamin Monk's trial hears he allegedly fired a Taser at Dalian Atkinson three times.
Categories: Birmingham

Woman 'straddled officer for sex in police car'

Somerset BBC News Feed - Wed, 05/12/2021 - 15:25
The woman told the police sergeant to "man up" as she forced herself on him, a court hears.
Categories: Somerset

Perry Humphreys: Worcester Warriors winger signs one-year deal

BBC Worcestershire - Wed, 05/12/2021 - 15:17
Worcester Warriors winger Perry Humphreys signs a new one-year deal with the Premiership club.
Categories: Worcestershire

Casey Stoney: Manchester United Women boss to leave at end of season

BBC Manchester - Wed, 05/12/2021 - 15:16
Manchester United Women head coach Casey Stoney is to step down at the end of the season.
Categories: Manchester

Bilston tenant says 15 mice removed from her flat in two days

BBC Birmingham News Feeds - Wed, 05/12/2021 - 15:15
Lindsey Timmins says she and neighbours were advised to get a cat after reporting the infestation.
Categories: Birmingham

Join us to make it a summer to remember for our most in-need young people

Hartlepool Council - Wed, 05/12/2021 - 15:11
Schools, voluntary and community groups and businesses in Hartlepool are being invited to help build on the success of a new project to provide healthy food and stimulating activities to children and young people in the town over the school holidays.
Categories: Hartlepool

Whites Meadow Primary School

Education Dept News - Wed, 05/12/2021 - 15:07
White Meadows has used flexible working to recruit and keep high-calibre staff, supporting their path from special measures to a good Ofsted rating.
Categories: Education

Case study: Whites Meadow Primary School

Department For Education News Feed - Wed, 05/12/2021 - 15:07
White Meadows has used flexible working to recruit and keep high-calibre staff, supporting their path from special measures to a good Ofsted rating.
Categories: Education

United Learning

Education Dept News - Wed, 05/12/2021 - 15:06
Schools group United Learning has taken a trust-wide approach to designing and delivering innovative flexible working solutions.
Categories: Education

Case study: United Learning

Department For Education News Feed - Wed, 05/12/2021 - 15:06
Schools group United Learning has taken a trust-wide approach to designing and delivering innovative flexible working solutions.
Categories: Education

Guidance: Adoption support fund (ASF)

Department For Education News Feed - Wed, 05/12/2021 - 15:00
Local authorities (LAs) and regional adoption agencies (RAAs) can apply for therapeutic funding for eligible adoptive and special guardianship order families.
Categories: Education