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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

Post by Walterthedogon Oct 23, 2020 10:10pm
220 Views
Post# 31775742

I texted John

I texted JohnA giant rant about how absolutely terrible this is. He says they need money now to expand their 2.0 portfolio. Once again he's off after the next rabbit at our expense. 1M$ on cloneshipper oops!, how much for the cig roller? Oops again. I said how do you expect water and gummies and chocolate to compete with well know companies that have branding and marketing strategies? He says we are going to offer the lowest prices in every category. Sounds good but a price war will start on 2.0 goods soon enough and our prices wont be the lowest for long. I think the guy has some good ideas but no idea how to think things through. I also asked him if he had learned his lesson from tranched financing with alumina. No response. Guaranteed financials will be sh1t. Q1 Will likely be sh1t. A few months ago he was telling me we didnt need a ton of skus and we would only need KISS. I guess hes already realized KISS isnt the holy grail, like all the people he gave free samples to, told him it was. And just like a retarded squirrel we rush off to the next HUGE thing that everyone is already doing better than we will. All of JMs ideas sound great upon first glance but anybody can follow the dots to failure if you take the rose colored glasses off. I have nothing left but bitterness. Already eating into credit i used to average down. I'm f1cked. Thanks John for the massively successful business you've built with the millions upon millions of dollars you swindled out of unsuspecting idiots hands. THC could still pull out of this nose dive by sometime next year if they stuck to a plan and executed with the resources at hand, but they wont. They never do. Just let down after letdown, followed by a sprinkle of hope, just to keep u hooked. My sell order will be waiting for a miracle. Maybe next year. Probably never. Im sorry we're all here together losing our hats but thats the game we played. and be ready for more dissapointment. I can't watch this anymore, its making me sick
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