THC Biomed Intl Ltd C.THC

Alternate Symbol(s): THCBF

Healthcare Cannabis

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.

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THC Biomed Intl Ltd

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Comment by fringelifeon Jun 14, 2017 3:55pm

158 Views

Post# 26363165

RE:Question?

$10 million for a Capital Commitment that they can draw down when they need it. It is in exchange for warrents to GEM for $1.20. It appears they went with CFO selling shares to buy Clone Shipper and it's possible revenues are making up for the rest that they need at this time.