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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

Bullboard Posts
Comment by Walterthedogon Dec 15, 2020 9:55am
55 Views
Post# 32107906

RE:RE:RE:Droid said CFO previously owned a doughnut shop.

RE:RE:RE:Droid said CFO previously owned a doughnut shop. Definitely good margins. Edibles is the place to go. Still a tiny market though. I read somewhere that total edible sales in AB, BC and Ont combined for the month of august was 5M$. So say 3.5M$ was just BC and Ont. Thats roughly 10M$ in sales per quarter that we have access to. If our gummies and chocolates are cheaper than competitors and deliver a nice high, we should be able to grab 5% of that market which is 500 000$ or just enough to pay the bills. My estimates are 2M$ in total sales by dec 2021. Making maybe 200 000$ in actual profit quarterly. Maybe if and when we get there, some investors will start to check us out. That's okay, I have time. Lol
Bullboard Posts