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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 Dec 01, 2021 8:31am
96 Views
Post# 34184033

RE:Bottom line :::

RE:Bottom line :::If anyone can read this report and not immediately see how the CEO and CFO (husband and wife) are using this company as their personal piggy-bank, you need to take a quick course on how to read a financial statement.

Take a good look at the section titled Related Party Transactions, starting on page 18. I pointed this out to people on this board literally years ago - Miller and wife buy properties privately and then immediately lease them to the company, so they own the property and the company pays them a lucrative rent. It's been going on for years.

One thing that stands out for me is this: where are all of the Wages and Salaries??? Does anyone work there besides Miller's daughter?


Boxcar1964 wrote: The reality of all this is that any company that can be in the green during this past year is doing something right. This might turn out to be a great play in the next few years. A hold for me for at least 18 months. Gla


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