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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

Post by Petespipeon Dec 01, 2021 8:38am
133 Views
Post# 34184061

Hold your shares

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For the quarter ended October 31, 2021, we produced 534.4 kilograms of dried cannabis and sold 295.9 kilograms at an average net selling price of $3.00 per gram. Q1 HIGHLIGHTS Produced a gross margin profit after fair value adjustments of $711,761 and net income of $25,006 Sales revenue increased 83% period to period Sales of edibles in Q1 made up 21.3% of total sales Facility buildout completed
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