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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 carrytheoneon Feb 13, 2019 12:09pm
49 Views
Post# 29358583

Example of what to do with the money

Example of what to do with the moneyWhat do we think the entire Canadian portion of ASNT is worth? I know they owe 1.7 million on their maple lodge building which is also in BC. I am thinking around 4-6 million cash (10% of market cap) plus assume the mortgage on maple ridge and any other debt on their Canadian operations have. Let ASNT focus on vegas with some working capital. I am sure it must be hard getting money right now for them. Anyone know square footage of ASNT Canadian operations. Remember ASNT could always come back to Canada if they get their licenses back. Could be a win win. https://stockhouse.com/news/press-releases/2019/01/08/ascent-industries-announces-debt-refinancing-and-working-capital-loan
Bullboard Posts