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THC Biomed Intl Ltd C.THC

Alternate Symbol(s):  THCBF

THC Biomed Intl Ltd. is a Canada-based cannabis producer. The Company’s principal business is the production and sale of cannabis through THC BioMed Ltd., which is a small batch Licensed Producer as regulated by the Cannabis Act which regulates the production, distribution, and possession of cannabis for both medical and adult recreational access in Canada. The Company’s biological assets consist of cannabis plants (mother plants and clones for growth); resin; oil; harvested marijuana flowers prior to completion of the drying, grading and testing processes; and edible concentrate. The Company operates in a single reportable segment being the cultivation and sale of cannabis. 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). Clone Shipper Ltd. owns all rights to the Clone Shipper product used to transport live plants.


CSE:THC - Post by User

Bullboard Posts
Comment by Walterthedogon Jul 02, 2020 11:29am
68 Views
Post# 31215918

RE:RE:RE:Everything aside..

RE:RE:RE:Everything aside..The eps over the last few quarters you are referring to are basically from bio assets. If you subtract those from the equation (which you should because most people understand that growing assets that havent been sold should never be counted as income), and subtract non cash measures such as depreciation and share based comp you'll see we basically broke even. Breaking even in this industry is still super impressive but bud sales are clearly going down and biomed cant lower prices to compete with the sh1t the big boys are dumping on the market. KISS is the future and cigs will do nicely as well but there is still no guarantee of success. When I can see substantial sales numbers coming from KISS and see the sticks selling out large quantities, I will be convinced we are going up but I believe most investors monitoring from the side lines will be as well. And Mattman, judging by whats been available i think we can produce maybe 20 000 drinks per quarter and not 1 million but that is a huge unknown
Bullboard Posts

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