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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 fringelifeon Jun 27, 2017 5:42pm
65 Views
Post# 26410990

RE:Financials out......

RE:Financials out......THC still has GEM to draw down from and that's plenty to keep them running. Most LPs have to survive years with no sales at all and lots of dilution while waiting for a sale license. Also consider that they have debt and that can lead to bankruptcy a lot faster than a slow first quarter sales.

Creedman wrote:
Financials are out and I think the ship is sinking, not a chance in hell this company can survive on 35k in sales in 3 months. Same as last period, only thing worth anything is their biological assets which are way over priced.


Bullboard Posts