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.

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THC Biomed Intl Ltd

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Post by ChefBHTon Mar 01, 2019 8:52am

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Post# 29427717

As they see fit

An interesting read about the structuring of public listings through holding companies. I include myself in those bothered by JM’s ‘style’ of leadership, but it seems this is unlikely to change.

Regarding Jung Hee’s past bankruptcy and lack of fiscal qualifications for an appointment as CFO, HC sets the standards. “Theoretically, your 19-year-old cousin with a criminal record for possession who had his car repossessed 12-months-ago and was recently discharged from bankruptcy by a court could be the director of a corporation. (Officers, whom are appointed by directors, have even more relaxed requirements.)”

Here’s the link
https://www.newcannabisventures.com/why-canadian-cannabis-producers-publicly-list-through-holding-companies/

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