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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 JRSDIRECTon Aug 24, 2018 8:52am
55 Views
Post# 28510621

RE:Canopy up again premarket

RE:Canopy up again premarketRambo, you answered your own question. They posted a news release for the THC KISS Drink because within their financial statement we will see an R+D developments cost that was either financed directly with cash (thus cash balance goes down) or some other means of credit financing (liabilities go up)

Obviously developing something like this most likely isn't cheap thus the affect to the financial statements. 

We as shareholders would want to know the reasoning of the change in the cash balance or liabilities balance and thus they provided the connection to that (product development) 
Bullboard Posts