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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 Weedpalon Dec 26, 2020 12:02pm
82 Views
Post# 32183730

RE:RE:Seriously garbage

RE:RE:Seriously garbage
Walterthedog wrote: Theres no sugar coating it, the situation we are in is not great. In Q2, we sold 264 kgs at an average of 4.70$, this quarter we sold 150kgs at 3.20$. So our customers are going elsewhere and our prices are way down. Amount of KISS sold is apparently info we dont need to know so I'll assume that it is financially irrelevant. The sticks were fumbled and are DOA. So now we hope to move more cannabis at lower prices and yet OCS is only stocking small quantities, one variety at a time? There is basically no margins on weed now so any hope of being profitable lays with KISS in a can, water and gummies. It's a long shot for me to see us reaching profitability again considering the way we seem to roll things out but who knows. Balls in Millers court. He hasn't had an easy road and I'm sure he is doing his best but there's a good chance we just get pulled under the waves. Whatever. This was always a risky bet. I'm still hopeful long term but be prepared to see more rats jump off the ship next week.


All the rats left. Just bagholders who rather sink with the ship than sell these worthless shares. Merry Xmas longs. Im not selling and written off my 50k as a loss.
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