THC Biomed Intl Ltd C.THC

Alternate Symbol(s): THCBF

Healthcare Cannabis

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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Comment by Newrookienewbe1on Oct 18, 2019 2:46pm

38 Views

Post# 30245060

RE:RE:RE:RE:They refused to pay their contractors $550K but buy a unit

praisethelord wrote:
KelownaClown wrote: This newrookienewbe states things like he/she knows them to be facts.

Yes, we all know the contractors were paid for with shares, but did they do so because they "felt it was a good business transaction" (in which case they were all wrong), or did they do so because they had little other choice?

Seems to me that was a choice of "take it or leave it" - if your options are THC warrants or not being paid at all, I guess you'd take the warrants...

Here's the only thing that was released publicly (in the Form 9, July 17, 2019) :

If securities are issued in forgiveness of indebtedness, provide details of the debt agreement(s) or and the agreement to exchange the debt for securities.

3,055,554 of the securities will be issued to settle debts totalling $550,000 with contractors who performed renovation services for the Issuer.

Where does it say the contractors "felt this was a good business transaction"?

Sounds like newrookienewbe1 has a source of information that the rest of us don't have.

Newrookienewbe1 wrote: Who said they refused to pay them? Liar.... they agreed to be paid in shares as they felt it was s good business transaction.

Yet they managed to "find" $400,000 to buy another Unit.

Who owned that unit? (an insider ? )

What did they pay for it before flipping it to THC?

Why did THC pay $120,000 over the appraised value?

Seems like someones making nice chunks of money everytime they buy a Unit.

Oh well, enough truth for one day..... how many $Billions will they make from that cigi Do Dah machine??

Oh Myyyyyyyyy

"Ground control to Major Tom......."

They didnt find money they received it through sales ... duh ... they paid cash for it and therefore would not need an appraisal the part that asks "Provide details of any appraisal or valuation of the subject of the transaction known to management of the Issuer: $279,400 " would likely be a property tax assessment Valuation! Why pay for an appraisal if not needed, I have purchased properties without one in the past as well. Are you ignorant, or just trying to cheat people fro. Their shares?