Talk About Squandering an Opportunity
From THC's most recent press release:
"THC BioMed is one of Canada's oldest active licensed cannabis companies. It was first licensed to deal with cannabis in 2013 under a Health Canada Section 56 exemption under the Controlled Drugs and Substances Act and has been a Licensed Producer under the current regime since 2016. It is a small batch producer and aims to be a leader in the beverage and edible space".
OK, so now Biomed is calling itself a "small batch producer". OMG! What happened to all of the people from a couple of years ago who were hallucinating about multi-tier grow operations across 40,000 square feet?
No one can debate the early advantage that THC had back in 2013. Talk about getting in early. Well, JM and his bride, the CFO, have certainly done well, and I guess that's all that matters...
"Oak Hill is going to ensure that the story of our company gets out to investors and the Canadian investment community while we expand our product lines and looking at further opportunities," said John Miller, CEO of THC. "
Further opportunities? Good idea, maybe open a car-wash.