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Bullboard - Stock Discussion Forum
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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CSE:THC - Post Discussion
THC Biomed Intl Ltd
> Results Q2 says last 6 months . Q1 for that quarter.
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RamboOO7
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Post by
RamboOO7
on Apr 02, 2022 12:40am
Results Q2 says last 6 months . Q1 for that quarter.
Q1 produced 534 KG sold 295.9 KG
Q2 produced 571 KG for last 6 months
Q2 produced 571 KG produced last 6 months minus 534 KG equals 37 KG for Q2 production
probably due to transition of new strains
Q1 534 KG produced minus 296 KM sold remaining inventory 148 KG left Q1
Q1 148 KG plus Q2 37 KG production equals 185 KG inventory Q2
Q2 sales for 6 months 443 KG
Q1 total sales 3 months 295.9 KG
Q2 total sale for 6 months 443 KG minus 295,9 equals rounded off 147 KG for 3 months sales for Q2
so THC sold 147 KG for Q2 equals around $441,000 flower sold
Q2 total edibles sold around $164,826 ..Q1 total edibles sold around $242,137
Q2 total Biscuits sold around $72,523
edible sales went down $77,311 from Q1 to Q2
inventory Q2 around 128 KG not sold.
why does Q2 report last 6 months. hummmm and not just last 3 months
i got dizzy trying to post these results maybe i made a mistake. Correct me if i am wrong. The numbers and sales can be off.
Terrible financials. Maybe biscuits might boost sales because they were not released in Ontario Q2 Mango wasn't released neither
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RamboOO7
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Comment by
RamboOO7
on Apr 02, 2022 12:46am
For the six months ended January 31, 2022, we produced 571 kilograms of dried cannabis and sold 443 kilograms at an average net selling price of $3.00 per gram. Q2 HIGHLIGHTS Sales of edibles in Q2 made up 39% of total sales Sales of our newly launched biscuits make up 44% of edible sales and 10% of overall sales Increased the facility by 12.5% through new
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RamboOO7
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Comment by
RamboOO7
on Apr 02, 2022 1:13am
14. correction remaing inventory not sold around 35 KG i think. if you can correct part of this . Feel honored . lol
Thank You
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