THC Biomed Intl Ltd C.THC

Alternate Symbol(s): THCBF

Healthcare Cannabis

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.

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Comment by RamboOO7on Nov 11, 2022 10:32am

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Post# 35091321

RE:News

THC AUTOMATES BEVERAGE PRODUCTION LINE AND EXPLORES ASIAN INVESTMENT Due to high demand for its Kiss beverages, THC Biomed Int'l Ltd. is automating its beverage production line. The equipment has been ordered from the United States and is scheduled to arrive in the next few weeks. "Our THC Kiss Shots are bestsellers on both the Ontario and B.C. cannabis stores websites," said John Miller, chief executive officer of THC Biomed. "Since we produce and package everything in-house, automating our production line will help us meet current demand and ensure that we are prepared to meet increasing demand." THC Biomed is also investing in legal cannabis opportunities in Asia. It has made minimal investments to date but is working to develop further investment opportunities.