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THC Biomed Intl Ltd C.THC

Alternate Symbol(s):  THCBF

Healthcare Cannabis
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

THC Biomed Intl Ltd > Financials Released Summary
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Post by ezemoneyon Nov 13, 2020 12:21am
814 Views
Post# 31893011

Financials Released Summary

Financials Released SummaryAnnual Numbers came in better than expected and improved dramatically.
Revenue nearly tripled to $4mm
Gross margin doubled
Net loss yr. ago $16MM to Present $161K

This is in line or better than with peers reporting.
Enterprise value: .15c/sh.
Rating: Continued Strong BUY
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Dealroom for high-potential pre-IPO opportunities