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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

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Post by Greencashon Dec 29, 2019 9:16am
44 Views
Post# 30498458

B.C. wants regions to win economically from marijuana edible

B.C. wants regions to win economically from marijuana edible

B.C. wants regions to win economically from marijuana edibles: solicitor general

British Columbia’s solicitor general says the province wants to see as much small-scale production as possible for marijuana edibles to allow for regional economic development.

“I don’t want it to be dominated by one or two large-scale variety of producers,” Farnworth said Friday. “I think there’s room in this market for a considerable variety or product and a considerable variety of producers.”

He said that while provinces are responsible for retail operations and enforcement, licensed production of cannabis, including edibles, is decided by the federal government and any changes to regulations will become apparent if a new government takes power after next week’s federal election.

“What we want to do is work with the federal government,” he told a news conference. “We’ll be watching very closely after Monday to see whether in fact the landscape as it relates to cannabis is going to change.”

Given the size of B.C.’s longtime marijuana industry in many small communities, particularly in the Kootenay area of the Interior, Farnworth said he’d like to see regional issues considered when it comes to licensing of producers.

He said edible products will be not sold in liquor stores, but the province is interested in considering farm-to-gate sales, particularly involving small-scale producers.

While edibles, oils, topicals, hash and other cannabis goods became legal on Thursday, Farnworth said they would not be available in retail outlets until January.

The delay is based on 60 days’ notice that producers must provide to Health Canada of their intention to sell the products.

At least 36 marijuana stores have been closed in the province for illegally selling their products since the legalization marijuana a year ago, Farnworth said.

He said a 44-member community safety team based in various parts of the province, including Prince George, Surrey and Kelowna, have been cracking down on retailers.

“We were very clear right from the beginning that as more and more legal stores are open enforcement by the community safety team will clearly be ramping up,” he said.

“After all, it’s only fair that those stores that are abiding by the rules, that are paying their fair share of taxes, don’t have their competitive advantage undermined by stores that are operating illegally.”

He said the government has been working hard to transition away from the province’s “well-entrenched” illegal marijuana industry.

One year after legalization, Farnworth said 144 private cannabis retail store licences have been issued and 33 are approved in principle, while 10 government-owned stores will be operating by the end of the year.

He said officers in the Community Safety Unit have helped reduce the availability of illegal marijuana by following up with unlicensed retailers to raise awareness about the regulations, penalties and consequences of breaking the law.

Chantal Vallerand, executive director of Drug Free Kids Canada, said it’s important for youth to know there’s a danger in overconsuming marijuana cookies or brownies because there’s a delay in feeling the buzz of the drug with edibles versus the immediate effect of smoking pot.

“A kid who may be eating a cookie may not start feeling the effects for two hours and the peak may not happen until four hours later,” she said.

Vallerand suggested parents approach conversations about edibles out of a sense of curiosity instead of judgment and have ongoing conversations while considering potential scenarios where baked goods may be available, including at parties, where alcohol may also be consumed.

“It’s always been available for people to bake with,” she noted of marijuana. “Now (goods) are going to be readily packaged,” she said, adding it’s a good idea to educate children to look for the number of milligrams of THC, the psychoactive ingredient in cannabis, on the labels of products that will soon be available in stores.

Health Canada has set a 10-milligram limit of THC per package in edibles, including food and beverages.

Marijuana extracts are limited to 1,000 milligrams of THC per container. A bottle could contain 100 THC capsules of an extract that each has 10 milligrams of the psychoactive ingredient of cannabis, for example.

Topicals such as lotions must have no more than 1,000 milligrams of THC in a container.

 
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