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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
Post by HumbleTheTraderon Jun 19, 2016 9:41pm
85 Views
Post# 24978672

3 Reasons To Invest In Canadian Cannabis Stock

3 Reasons To Invest In Canadian Cannabis Stock

https://thcbiomed.com/3-reasons-to-invest-in-canadian-cannabis-stock/

While public company investors wait out the arrival of companies that better reflect the promise of [actually building real businesses in the cannabis] industry, there is one area that not only offers promise but that is actually delivering solid growth in both sales and share prices: Canada. Here are three reasons why investors should pay attention:

1. Medical cannabis is federally legal, and Canada will soon become the first regulated federally legal market for adult consumption among major countries

Canada is the most progressive G-7 country with respect to cannabis. The country’s medical cannabis program, MMPR, launched 26 months ago with several flaws, many of which remain, but the federally legal program allows the companies, known as licensed producers (LPs) to operate without facing many of the issues with which state-legal U.S. companies that remain federally illegal must contend, including banking issues as well as the inability to scale due to restrictions on interstate commerce. The program has experienced significant growth that is accelerating, though, at about 50K patients currently, is just a fraction of its potential, which could exceed 400K in the next few years.

 
Bullboard Posts