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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 RamboOO7on Jul 21, 2022 3:30am
193 Views
Post# 34839481

Update analyst ! Who knows maybe or maybe not.

Update analyst ! Who knows maybe or maybe not.The analyst covering THC Biomed Intlexpects the company to break even for the first time. New forecast suggests losses will reduce by 82% to 2022. The company is expected to make a profit of CA$2.12m in 2023. Average annual earnings growth of 164% is required to achieve expected profit on schedule.
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