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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 Feb 24, 2020 5:04am
146 Views
Post# 30724337

THC BioMed readies for Cannabis 2.0

THC BioMed readies for Cannabis 2.0

THC BioMed readies for Cannabis 2.0

Discreet and less stigmatized, edibles and drinks are just around the corner

Kelowna-based cannabis producer THC BioMed wants to capitalize on the next step in legalization.

The company’s drink — called THC Kiss — promises “to deliver where all other similar products have failed.” New cannabis products will hit the market as early as mid-December.

As cannabis 2.0 became law this week opening up the process, THC BioMed is moving forward with its beverage plan, submitting an application to Health Canada to add new products to its licence.

“THC BioMed has always been focused on producing quality products and we are entering the segment of cannabis edibles, topicals and extracts with the same approach,” said CEO John Miller.

There will be choices

Many cannabis producers are getting ready to step into this new market with vape cartridges, shatter, sweets, baked goods, cremes, and many other kinds of cannabis goods.

Big companies including Aphria, Aurora and Canopy, which is owned in large part by beverage giant Constellation Brands, are preparing to launch new products.

Fresh new faces to the game will no doubt jockey for position.

The Canadian market for cannabis edibles, topicals and extracts is worth an estimated $2.7 billion per year, with edibles representing more than half that amount, according to a report from Deloitte. This spending is expected to be in addition to the approximately $6-billion estimated domestic market for recreational and medical cannabis.

The details

As per Health Canada regulations, edibles can contain no more than 10 milligrams of THC per package. (For example, a chocolate bar with 10 pieces cannot contain more than one milligram per piece.) There is no limit on CBD for edibles.

Extracts meant for inhaling refer to concentrated cannabis extracts (including shatter, budder, wax, rosin), and other products meant to be “dabbed” or used in a vaporizer or vape pen.

Topicals refer to any cannabis-infused product meant to be applied to the skin, hair, or nails. Health Canada has limited the amount of THC per package to 1000 milligrams.

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