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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 Chemdogon Jun 14, 2017 10:52am
109 Views
Post# 26361151

RE:we need earnings.

RE:we need earnings.hey Qctrader...i agree at 0.39 or beloe I would be pounding the table on this one...
I think THC has been shorted by a BIG MM...i can't prove it
but if you look at the chart..it looks like a SHORT has been strangling the SP down( I think someone shorted this from $1.20..if i am tight that would be the pot sectors BEST SHORT
and i kinda saw it at $1.20 but never thought it would get this low
just an observation
GLTA
QcTrader wrote:

shed some light on the book value of this dog. 

i assuming they have 10m$ in the bank (last financing) the CFO financed the last acquisition (cloneshipper 1m$ loan) 

this would put a 0.10c per share for cash position (confirmation end of month with earnings)

they have a full built facility with a second pending late stage application lets add another 0.20c for both facilities (those are very conservative numbers, you will never see a full LP selling their assets for 20m this would be a screaming deal.) 

lets add 4m for the clone shipper, 0.04c per share. cloneshipper was purchased for 1m USD, im adding a premium to the price paid because of current ongoing deals with LPs and cloneshipper being the only live transport container on the market. imo its worth 4m$ 

so that puts a conservative 0.34c being a rock bottom book value price for THC Biomed. 

all these numbers are obviously my estimate and my opinion. the earnings will help shed some light on the potential behind the clone business, and the cloneshipper aswell. and will hopefully validate my numbers.

 

cheers

 



Bullboard Posts