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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 Greencashon Jul 10, 2019 10:42pm
48 Views
Post# 29906956

Canadian retailer pulls CannTrust’s recreational marijuana g

Canadian retailer pulls CannTrust’s recreational marijuana g

Embattled Canadian cannabis cultivator CannTrust was dealt another blow after its recreational products were yanked from the shelves of Canada’s largest marijuana retailer.

Daffyd Roderick, director of communications for the Ontario Cannabis Store (OCS), the province’s online retailer and wholesale distributor, confirmed to BNN Bloomberg that CannTrust’s products weren’t available for sale.

 

“Due to the Health Canada temporary hold on certain CannTrust cannabis products, OCS has voluntarily removed all affected products from distribution pending the outcome of the investigation,” Roderick wrote in an email to the news outlet.

 

Ontario-based CannTrust on Monday was sanctioned by Health Canada for conducting unlicensed cultivation for six months and providing inaccurate information to the federal regulator.

CannTrust’s greenhouse facility in Pelham, Ontario, received a “noncompliant” rating from Health Canada for operating five unlicensed rooms.

Soon after, CannTrust disclosed it had shipped some unlicensed medical marijuana overseas, adding an international dimension to the company’s regulatory woes.

The Ontario Cannabis Store’s Roderick declined to detail which CannTrust products were removed from the retailer’s shelves or how much was yanked.

But Roderick did confirm that the agency stopped distributing CannTrust products to authorized retailers in Ontario.

Bullboard Posts