THC BEST POT READ PART HIGH LIGHTED IN MONTHLY REPORT THC Form 7
MONTHLY PROGRESS REPORT
October 2018
Name of CSE Issuer THC Biomed Intl Ltd.
Trading Symbol: THC
Number of Outstanding
Listed Securities
121,104,362 common shares and 16,421,925 reserved for
Issuance
Date: November 8, 2018
Report on Business
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.
During the reporting month, the Issuer continued to explore new business opportunities
with several prospects in its target market.
THC announced that the Company has made its first, second, and third shipments of
cannabis to the Province of British Columbia.
THC announced that the Company has closed a private placement, under its previously
announced investment agreement, with Alumina Partners (Ontario) Ltd. The Company
issued 1,428,572 units to Alumina at a price of $0.70 per unit, for the total proceeds of
$1,000,000.40. Each unit consists of one common share and one common share purchase
warrant. Each warrant entitles the holder to purchase one common share of the Company
for a period of 36 months from closing at a price of $1.0875 per share.
THC announced that it purchased an additional strata lot in the industrial complex in
Kelowna it currently occupies as part of its expansion plan due to high demand for its
products. The additional lot will be used for production purposes. The purchase price was
$390,000.00 plus fees and taxes, for a total of $410,698.85. THC purchased the the strata
lot for cash and did not require a mortgage. .
THC announced that three of the Company’s strains and pre-rolls have been on the British
Columbia Liquor Distribution Branch online store’s “Best Selling” list.