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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 Greencashon Sep 11, 2017 3:15pm
235 Views
Post# 26681265

MONTHLY PROGRESS REPORT August 2017

MONTHLY PROGRESS REPORT August 2017

Name of CSE Issuer Trading Symbol:

Number of Outstanding Listed Securities

Date:

Report on Business

THC Form 7 MONTHLY PROGRESS REPORT August 2017

THC BioMed Intl Ltd. THC

103,716,501 common shares and 5,294,816 reserved for Issuance

September 11, 2017

1. Provide a general overview and discussion of the development of the Issuer’s business and operations over the previous month. Where the Issuer was inactive disclose this fact.
Over the course of the last month, the Issuer has generally continued to develop its products and business.

On August 10, 2017, the Issuer announced a $12,000,000 commitment with Alumina Partners (Ontario) Ltd. where the Issuer issued 483,870 units at a price of $0.31 per unit as part of the draw down facility. Each unit consisted of one common share and one share purchase warrant exercisable at a price of $0.3875 per common share for a period of 36 months from the date of issuance.

On August 11, 2017, the Issuer announced the resignation of Jason Walsh as a director of the Issuer.

On August 24, 2017, the Issuer announced that it is now authorized by Health Canada to sell dried marijuana to registered patients under the ACMPR.The Issuer has commenced sales of dried Marihuana

The issuer has begun expansion of its current facility and expects construction of Phase 1 which includes 4 production rooms to be completed and functional by mid-October 2017. Phase 2 will be completed in December 2017 and includes a storage vault and 12 production rooms. Phase 3 expected to be complete by February 2018 includes 14 production rooms.

THC BioMed has identified 2 other sites for expansion and has an intention purchase and begin construction before December 2017 so that we can have product ready for the expected recreational market.

THC BioMed expects to complete its cannabis oil packaging in the next few weeks and will call submit an amendment to health Canada to sell Cannabis oil

FORM 7 – MONTHLY PROGRESS REPORT

November 14, 2008 Page 1

{00827905;1} #147318-1

  1. Provide a general overview and discuss 


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