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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 Stockie9on Jan 02, 2018 4:50pm
194 Views
Post# 27265299

Financials Better Then I Expected

Financials Better Then I ExpectedThey received liscense to sell August 24/25, so only a months revenue worth of sales in the statement. EPS of $0, not losing money, revenue should slowly fly higher, nice to see consulting revenue as well. They have enough cash on hand now to pay off all short term payables if needed and have a $12 mil offering through private placement at their disposal. 

All of this and comparing it to other cannabis plays, worth well, well over the $150-160 mil mkt cap it closed roughly around today. Enjoy the ride. 
Bullboard Posts