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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 5:56pm
58 Views
Post# 26411039

RE:RE:RE:Financials out......

RE:RE:RE:Financials out......It says they drew down on $500,000 worth in the financials, so they still have $9.5 million left. They would've used it if they needed it and you're not considering start up costs and expansion costs. Also, it sounds like they're close to selling dried soon plus that order from Germany.

Creedman wrote:
I get they can draw on Gem (Which will stop them from bankruptcy short term), but they haven't yet,  i've had several conversations with the company, I was all for them for a long time, look at my post history, i'm not here to bash, simply stating thoughts and opinions. Hell i'm an investor here and growing their clones, I want them to succeed, but the financials scream HELP Just my own opinion


Bullboard Posts