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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 KelownaClownon Nov 25, 2020 8:26am
128 Views
Post# 31968161

RE:PURCHASE OF CLONE SHIPPER,LLC

RE:PURCHASE OF CLONE SHIPPER,LLC
Gretel57 wrote: Paid $1,000,000 may 8/2017
The issuer has borrowed $1,000,000 from Hee Jung Chun,director of THC Bio Med.
 to make this speedy transaction


Now who is the  owner of the  Clone Shipper. My question:
Did the CFO had her loan paid off>
The money was loaned to THC Biomed to purchase Clone Shipper so it should be obvious that the owner is THC Biomed.

The answer to your second question should be in the financial statements. Does THC show an outstanding debt obligation of a million dollars to the CFO? I doubt it. She probably got her money back long ago, with interest - paid for by diluting the stock at the expense of the share-holders.

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