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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 LongDollarson Nov 16, 2018 4:24pm
67 Views
Post# 28987409

RE:RE:RE:RE:Financials

RE:RE:RE:RE:Financials
I agree with what digger is saying that THC has very little debt to be repaid in an era where interest rates are only going up. If you look at all the debt other companies have racked up - interest on those debts alone are going to chew through many of their profits. Word of mouth will spread amongst current and future customers of THC Biomed and it will be requested in other provinces in the coming months which will dramatically increase production. I hear many people arguing about grow space and to me it is an absolutely ridiculous argument. A business should grow with the demands of the consumer. Why would you want to pay taxes, interest, gas, water, electricity, wages, development costs, permits (the list goes on and on) for something you dont even know the demand for. A warehouse is not a hard thing to obtain nor build. It will all unfold as it should in a healty amount of time wbich I am comfortable with because explosive growth is not always a good thing. Have patience, we are in a good position here.
Bullboard Posts