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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 moonlight1on Jul 18, 2019 9:10pm
66 Views
Post# 29937614

RE:RE:ANOTHER PP at .15 this time..... FIFTEEN CENTS !!!!!!!

RE:RE:ANOTHER PP at .15 this time..... FIFTEEN CENTS !!!!!!!All your numbers are wrong as below, if you're going to bash use some brains instead of just lying to people. 
Vancouver, B.C. – (July 17, 2019) THC BioMed Intl Ltd. (CSE: THC), ("THC" or the "Company") announces that is has completed a private placement in which the Company issued 5,222,219 units (“Units”) at a price of $0.18 per Unit, for total proceeds of $940,000 in cash and conversion of debt. Each Unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the Company for a period of 36 months from closing at a price of $0.30 per share. The Company completed a private placement in which the Company issued 1,055,554 Units at a price of $0.18 per Unit, for total proceeds of $190,000. The Company also completed an additional draw down of $200,000 pursuant to the capital commitment agreement with Alumina Partners (Ontario) Ltd. (“Alumina”). The Company issued to Alumina 1,111,111 Units at a price of $0.18 per Unit, for total proceeds of $200,000. This private placement is being carried out in connection with the capital commitment agreement with Alumina that THC announced on August 11, 2017. The Company has also issued 3,055,554 Units at a price of $0.18 per Unit, to settle a total debt of $550,000 with three of its contractors for past services rendered to the Company. The proceeds raised through the private placements will be used for general working capital and expansion of THC’s facilities.
Bullboard Posts