THC Biomed Intl Ltd C.THC

News!!!!

[ChefBHT]

THC BioMed Announces Engagement of Cannabis Cylinder Production Consultant and Option Grant

THC.CSE 
THCBF - OTC
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VANCOUVER, BC, March 17, 2021 /CNW/ - THC BioMed Intl Ltd. ("THC BioMed" or the "Company") announces that it has engaged a consultant to carry out an enhancement project on the Company's automated cannabis cylinder machine to improve cannabis cylinder production and add automated packaging to the process. The Company has granted the consultant 500,000 stock options upon his engagement. The option are subject to a milestone vesting schedule described below and may be exercised at a price of CAD $0.165per common share, for a period of 2 years from the date of issuance.

The options will vest as follows:

• 50,000 upon grant; 
• 50,000 upon restarting production following the enhancement project; 
• 100,000 upon THC BioMed's approval of the cannabis cylinders produced following the enhancement project; and, 
• 300,000 upon the completion of three batches of cannabis cylinders/Cannasticks, rolled and packaged, following the enhancement project.

The consultant has more than 30 years' experience in use of the type of automated machine used by THC BioMed in making its cannabis cylinders/Cannasticks.  He was instrumental in originally adapting THC BioMed's machine to cannabis from its prior use. 

The Company intends to use the increased production for its own Cannasticks or to offer toll production to other Licensed Producers.

[Petespipe]

Great news, looks like THC Biomed is very serious about becoming a leader with Cannabis sticks

[ChefBHT]

The conspiracy theories about the sticks can finally be put to bed...it appears they simply did not know how to use the machine?!?! 

[Petespipe]

If this news goes as planned this will definitely be a Game Changer. The potential here is crazy! Imagine how many Cannabis sticks this machine will produce $$$$$$. And also getting other licensed producers involved with THC Biomed. If this doesn't get this company noticed then I give up. Glta

[winnerscircle]

Just take a look at what TAAT has done in a short amount of time....no reason we can't be half as successful...just need the follow through for the homerun..GL..

[Greenbuds]

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[winnerscircle]

..horryyy shieet ....JM is actualy collaborating with an expert ...this is music to my ears!!..it was pretty obvious thc by themselves were incapable of efficiently using this machine ....and a mention of a package......did our emails and stern phonecalls actualy make a difference.....well its a step.....

[Greenbuds]

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[Greenbuds]

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