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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 fringelifeon Apr 14, 2017 3:19pm
173 Views
Post# 26122985

Supreme was able to build their facilities with no license

Supreme was able to build their facilities with no licenseand no real large sources of revenue. So how hard would it be for THC Biomed to do it when they already have all licenses and sources of revenue? Also, their first expansion to 16,000 sq ft is about all that LPs need right now to supply medical only. So once they finish that, they will have enough space for starter materials, dried bud and likely oils to supply the current level of demand. Then they can focus on expanding for rec, while having a solid business plan with multiple sources of revenue to fuel this expansion. With rec over a year away, they have plenty of time to do this and the larger LPs who were much smaller this time last year prove this point.

Remember THC Biomed is one of only LPs who were posting a profit, even before they got a license! This company made sure they covered all the bases of the marijuana industry.
Bullboard Posts