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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 Tyddelon Apr 08, 2019 11:35pm
81 Views
Post# 29600009

RE:RE:Question if statigic partnership in the works ??

RE:RE:Question if statigic partnership in the works ??THC would be a great potential takeover for any of the big names in this sector. Have you forgotten what ACB paid for Whistler. Transaction

In consideration of the first tranche of the Transaction, Aurora has issued 13,667,933 common shares in the capital of Aurora ("Aurora Shares") to Whistler shareholders. Two milestone payments in the amounts of $30,000,000 (the "First Milestone Payment") and $10,000,000 (the "Second Milestone Payment") are also payable by Aurora to the shareholders of Whistler, in Aurora Shares at the volume weighted average trading price of Aurora Shares in the five trading days immediately prior to the date of issuance. The First Milestone Payment will be issuable upon satisfactory licensing of Whistler's Pemberton facility. The Second Milestone Payment will be issued on the earlier of March 1, 2020 and the date on which Whistler achieves full production in accordance with the terms of the Agreement.


Read more at https://stockhouse.com/news/press-releases/2019/03/04/aurora-completes-whistler-medical-acquisition#mOxXyXDLj5LIovXm.99
Bullboard Posts