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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 Nov 18, 2020 11:10am
74 Views
Post# 31922171

RE:52 week low

RE:52 week lowA lot of small producers are struggling or are actually on the verge of bankruptcy. This is a bad situation with massive over supply and a legal market struggling to compete with black market prices. The sticks not being available in BC and Ontario is a huge blow to our company after all the time and money spent developing them. John is right to be pursuing 2.0 products. There is no margin for dried unless you grow at scale or outside. The PP was necessary and I am very relieved to see the second tranche at 11 cents. It tells me echelon is not in this to devalue the company. John has screwed up in many ways but he still has the opportunity to turn this around. I think KISS sales are probably not what he had hoped they would be and with so many new drinks coming out, I'm not sure how much market share we can grab with it. We all had it in our minds that the drink would turn things around but I always knew it would take a year before those sales would matter. I think we just need to wait and see how these new products look and work and sell. This is going to take a while if the past is any indicator. The fact that we need money to develop them tells me we are still getting equipment together to produce them at scale. I don't know what else to say. I'm gonna hang in and hope our 2.0 strategy works out for us but I don't see us being cash positive again until second half of next year. I'm going to remortgage my home in order to pay debt so I can see this through to the end. If the end means the demise of the company, then so be it but I do think we will ultimately survive and build some value for shareholders. Good luck fellas. Truly last post for me until the end of December. Gotta check in for financials but otherwise my DD has been done and my sell order set.
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