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Bullboard - Stock Discussion Forum 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... see more

CSE:THC - Post Discussion

THC Biomed Intl Ltd > Epic failure alert
View:
Post by Losermachine on Sep 25, 2021 9:56am

Epic failure alert

THC BioMed Announces Engagement of Cannabis Cylinder Production Consultant and Option Grant C.THC | March 17, 2021 PR Newswire THC.CSE THCBF - OTC TFHD.F VANCOUVER, BC , March 17, 2021 /PRNewswire/ - 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 $0.165 per common share, for a period of 2 years from the date 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.
Comment by KelownaClown on Sep 27, 2021 8:30am
What a waste of time and money. Miller bought an obsolete piece of junk that is intended to roll cigarettes, not cannabis. Then he spends more money trying to make it work. Meanwhile, there are modern pre-roll machines available that are specifically designed to produce pre-rolled cannabis joints. I think Valens has two of them, just up the street in Kelowna, Miller could have taken a look if he ...more  
Comment by RamboOO7 on Sep 27, 2021 12:59pm
No cigi filters in those Valens joints and kinda very slow production seeing that Valens machine. Maybe 30 a minute compared to THC 5000 a minute
Comment by KelownaClown on Sep 28, 2021 8:58am
Ha ha, that's a good one,,, in other words, Bioscam could run their cigi machine for 1 minute and then let it sit idle for the rest of the year, and still produce more sticks than they've sold on the OCS in all of 2021. Brillaint - think of the cost savings in electricity alone!!
Comment by RamboOO7 on Sep 28, 2021 12:50pm
Labor too lol. Elementary watson !
Comment by Sellenator on Apr 06, 2022 7:10am
This post has been removed in accordance with Community Policy
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