THC Biomed Intl Ltd C.THC

RE:RE:What doe this mean from last financials ?

[Petespipe]

Another waste of warrants.John Miller in Denial

Greenbuds wrote: On January 13, 2020, the Company completed a non-brokered private placement for 6,675,652 Units at $0.15 per Unit for gross proceeds of $201,348 and a repayment a bona fide debt of $800,000 to John Miller, the President and CEO. 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 24 months from closing at a price of $0.18 per share for the first three months, at $0.25 during the following three months, at $0.50 for the three months following that, and at $0.80 during the final fifteen months. Warrants were valued at $Nil using the residual value method. No finders fees were paid.

Greenbuds wrote: At April 30, 2020, the Chief Executive Officer owes $42,343 (July 31, 2019 - $717,143 was owed) to the Company. Amounts due to or from related parties are unsecured, do not bear interest, and are classified as a current asset or liability due to their nature and expected time of repayment.