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THC Biomed Intl Ltd C.THC

Alternate Symbol(s):  THCBF

THC Biomed Intl Ltd. is a Canada-based cannabis company. The Company is engaged in the production of medical and recreational cannabis. It is licensed to cultivate and sell dried, extract, edible and topical cannabis. The Company is also engaged in scientific research and the development of products and services, with patient safety as a guiding principle. Its subsidiaries include THC BioMed Ltd., Clone Shipper Ltd., THC BioMed Victoria Falls Ltd., THC2GO Dispensaries Ltd. (THC2GO), and THC BioMed Lesotho Ltd. (THC Lesotho).


CSE:THC - Post by User

Bullboard Posts
Post by bizee57on Dec 13, 2018 3:51pm
61 Views
Post# 29112162

Help in understanding the THC drawdown of $500,000

Help in understanding the THC drawdown of $500,000In the following sedar report I copied a couple lines that I was hoping someone could explain.  Hopefully I don't get beat up for asking. Under the weblink which I got from CSE website is what I don't understand.  I am thinking that Alumina can buy at $0.345 and sell for $0.575 anytime within 36 months for an instant profit even though the stock is not at up to $0.575 yet?

https://webfiles.thecse.com/sedar_filings/00005612/1812111523309633.pdf
The Company issued to Alumina 1,449,275 units (“Units”) at a price of $0.345 per Unit, for total proceeds of $500,000. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the Company for a period of 36 months from closing at a price of $0.575 per share.
Bullboard Posts