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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 lovingstocks23on Jan 09, 2022 1:31am
246 Views
Post# 34297127

RE:RE:RE:Facts. No AGM. decline share price. Financing - conflit

RE:RE:RE:Facts. No AGM. decline share price. Financing - conflit Well generally speaking, it is considered a positive sign when a shareholder can inject his own funds in the company he owns and doesn't need to rely on an external creditor (bank). 

Currently banks are not wiling to lend to MJ companies unless its for securitized loans (mortgages backed by real estate). So it makes sense that he'd be funding it all himself. At least he's not dilluting the shares, although there's a clause that if the share price is above 60cents for 10 straight days then the debentures will unfortunately convert and dillute ..... but honestly at 60 cents most of us will be way out of this company lol 
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