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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 Mar 31, 2019 2:21pm
63 Views
Post# 29560968

RE:Return On Assets

RE:Return On Assets
Chunk6915 wrote: I compared THC to Canopy Growth, and I saw 2.5x more return when comparing revenue to assets.  The market cap has a similar ratio, this stock is just not as overbought as much of the sector is.

If anyone wants to compare our financials to some other companies, I'll bet that we are set to be operating competatively after the expansion reaches a more functional phase.


I understand where you're coming from but the point that you're missing is that there is no transparency with THC Biomed. On top of that, all of these $500000 drawdowns plus warrents to buy a 1200 sq.ft units at an inflated market price from THEMSELVES is too little, too late in my opinion. In addition to the purchase price they will all probably need 60-75k for renos. It will take years for a return on investment for that amount of grow space - especially on that many units. Also remember, they are paying taxes of ~$5000 per unit. Between all properties that's probably close to payments of 150000/ yr in just taxes. I don't want to even know what utilities cost in B.C.. Look at all of the arm length deals, special consideration for members of the family, renting properties from themselves...there is a whole lot of conflicts going on and the fact they don't want to show face or build a relationship with the share holders in concerning. Personally, I'm extremely bitter that the CEO & CFO can live this lavish lifestyle that was paid for longs like myself and many others and have absolutely no compassion for the investors that got them to the point they are at. They are nothing but terrible, selfish people that care about nobody but themselves. It is pretty evident they have no compassion for any of us and I am glad I dumped on Friday before close. I think I read that Lotto's average is something over $1.00 as in sure many others are. I wish you luck on recovering your money but seeing a $150,000,000+ market cap here isnt going to happen for a long while. They desperately need to make a statement to shareholders regarding their " strategic expansion plan" and show some transparency within the company. And by transparency, I mean show your f***ing face John Miller and maybe some photos of the operation on social media. Until that happens, the toilet bowl is going to continue swirling.
Bullboard Posts