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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

Comment by Walterthedogon Sep 22, 2020 12:20pm
153 Views
Post# 31597630

RE:Looks like time for the ceo and cfo to step down

RE:Looks like time for the ceo and cfo to step downSo i had a good chat with John and he says he has pallets stacked to the roof full of KISS and says feedback has been great. The hold up lays with provincial agencies because they stopped storing large amounts of product at their warehouse so they have to order as demand warrants and they are behind the 8 ball in ordering. He is getting calls from retailers asking for more but there is nothing he can do. He says production is figured out for the new drink which will be in cans and it should be on shelves in a few months as a weaker alternative on par with some of canopys drinks. He says the provinces are really slow in ordering and sticks will ship when provinces get to it but he has no doubt that they eventually will. Probably Sask first. He is really confident that KISS is going to change the future of the company. Take it for what it is but he said they have the production capacity to flood the market with KISS right now and that is not an issue. Hopefully we score more contracts and demand drives the provinces to order bigger loads of it more frequently. He also mentioned making 34$ per gram with KISS as opposed to 2$ per gram with dry (im assuming after excise tax) so obviously it and other edibles and drinks is the way we must go. Good day all. Ill check back in Nov 30 and see how our numbers look but he also said I wouldn't believe how much theyve shipped already so maybe it will reflect in our revenues. Cheers!
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