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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 SilverPantheron Nov 14, 2020 12:53pm
70 Views
Post# 31901412

RE:RE:RE:RE:RE:RE:Bad ! From financials . Probably shipment returned OCS

RE:RE:RE:RE:RE:RE:Bad ! From financials . Probably shipment returned OCSI completely understand and agree with most of what everyone is saying, at the end of the day, this year was completely different than any other year due to COVID-19. There were lots of variables and unknowns that came into play, the cases are going up in Canada as we speak as well. I can say that this could be one of the main causes for the packaging issues although I believe that it should have been sorted out by now. Also the government wants specific packaging and needs approval from the government, some departments of the government were shut down and maybe the approval department for these types of request was closed. I'm just thinking off the top of my head and I could be 100% wrong in my thinking.

I do like that they have increased sales however, the cost of sales is still too high and needs to come down more especially with the decrease in price per unit. It is not an easy task and this industry is STILL in it's infancy stages, another 5-10 years before most of the regulations have been passed or not and other things.

I am also dissappointed with the share price although I have been able to average down significantly and plan to continue to do so as it is a reat opportunity. I also agree that marketing has not been doing a great job, we need reviews, interviews etc.. Everything costs money of course and only time will tell this story. 

Whoever this person is at TD with the 100k+ shares constantly on the sell side, needs to go away as well. 
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