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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 RamboOO7on Apr 03, 2022 9:32pm
97 Views
Post# 34571853

RE:RE:I can see edibles bigger profit margin. Cost of sales down

RE:RE:I can see edibles bigger profit margin. Cost of sales downThe way i see it JM invested $250,000 into THC Q2 jan 8. There cash balance is about $10,000 higher Q2 than Q1. So their burn rate is about $240,000 for 3 months. April 8 will be 3 months later. Will THC need another financing at this price. JM still owes about $118,000 to the company. Pay your debt before another financing . Geez.
RamboOO7 wrote: Q2
RamboOO7 wrote: Revenue $ 606,826$ ... Cost of sales $(436,672) Gross profit before fair value adjustments $170,154.......... i see in the past higher sales revenue but cost of sales was higher.because of dry flower. .. Conclusion if THC Sells more dry they have to sell this pot 20% THC and over at a descent price to balance revenue versus costs. I see revenue from edible versus cost of sales very good. Conclusion i see profit margins improving with edible sales improving. I guess this is called part of growing pains for a company. I will be looking forward to see edible revenues for THC Biomed from OCS in Q4.




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