Grupa Virtus SA - under LOI company to provide financing to Hemp&Health, which will invest in Huta Malapane to produce castings for defense sector

Grupa Virtus SA, a Polish investment and financial services company specializing in the defense and dual-use technology sectors, has entered into a letter of intent (LOI) to provide financing to Hemp&Health. The funds will be directed toward Hemp&Health’s investment in Huta Malapane, a company involved in castings for the defense industry. This collaboration aligns with Grupa Virtus’s broader strategy of supporting enterprises engaged in critical national security projects through loans, leasing, and factoring.

The partnership underscores Grupa Virtus’s role as a financial operator facilitating technological and production advancements in the defense sector. By enabling Hemp&Health’s investment in Huta Malapane, the company is contributing to the development of domestic production capabilities, which is a strategic priority under initiatives such as the European Defence Fund (EDF) and the Act in Support of Ammunition Production (ASAP). The terms of the LOI and the specific financial structure of the agreement have not been disclosed at this time.

This move reflects the growing importance of cross-sector collaboration in securing supply chains and advancing defense-related manufacturing capabilities in Europe. Investors are likely to monitor the progress of this initiative, as it may influence broader trends in defense financing and industrial development.