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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 Brassnuton Oct 20, 2016 1:18pm
57 Views
Post# 25366553

RE:RE:RE:Please explain

RE:RE:RE:Please explainI think you have the wrong lines highlighted here.  The statement says "the supply of starting material to registered patients".  Starting material to me means clones.  

The next line goes on about their intent to sell dried cannabis and oil to their patients under the ACMPR.  This would indicate that they are not quite set-up to sell yet in that regard but they WILL BE and are now licensed to.  And af far as I know they are the first company to receive their license since the ACMPR was introduced.

It is a bit ambiguos for sure, but this really changes nothing in my opinion.  This will be a $2 share this year.

GLTA

FTS (Fak the shorts) lol


Bullboard Posts