Rambo007 wrote: THC BIOMED INTL LTD.
P.O. Box 20033 Towne Centre
Kelowna, B.C. V1Y 9H2
www.thcbiomed.com
THC Expands Facilities and Completes Phase 1 Expansion
THC.CSE THCBF - OTC TFHC.F
Vancouver, British Columbia – (November 3, 2017) THC BioMed Intl Ltd. (CSE: THC),
("THC" or the "Company") is pleased to announce that it has completed the acquisition of two
additional units to add to its existing facilities in Kelowna, British Columbia.
The additional units add 4,000 square feet to THC’s facilities and are to be used for production
space. This increases THC’s footprint to 20,000 square feet.
The total purchase price of the two units was $485,000 in an arm’s-length transaction. $185,000
was paid in cash and a $300,000 mortgage was obtained by the company. An agent’s fee of
$10,000 per unit, for a total of $20,000, was paid to Amazing Green Environmental Products
Inc.
THC also announces that it has completed Phase 1 of its expansion plan through the
construction of four (4) new grow rooms. Pending Health Canada’s approval, THC will be able
to begin production in those four new rooms.
Phase 2 of THC’s expansion schedule is ahead of schedule. Phase 2 includes the construction
of a storage vault and twelve (12) production rooms. The storage vault has been completed and
the rest of the construction for Phase 2 is expected to be completed in December 2017.
Phase 3, which includes the construction of 14 new production rooms, is expected to be
completed in February 2018.
About THC
THC's vision is to be on the leading edge of scientific research, development of products and
services related to the medical cannabis industry while creating a standard of excellence. As
the industry develops, it will become more important to focus on scientific research and
development of products and services related to medical cannabis. Management believes THC
is well-positioned to be in the forefront of this rapidly growing industry.
Please visit our website for a more detailed description of our business and services available.
www.thcbiomed.com
President and CEO:
John Miller
THC Biomed Intl Ltd.
T: 1-844-THCMEDS
E: info@thcbiomed.com