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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 > Results Q2 says last 6 months . Q1 for that quarter.
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Post by RamboOO7 on Apr 02, 2022 12:40am

Results Q2 says last 6 months . Q1 for that quarter.

  1. Q1 produced 534 KG sold 295.9 KG
  2. Q2  produced 571 KG for last 6 months
  3. Q2 produced 571 KG produced last 6 months minus 534 KG equals 37 KG for Q2 production
  4. probably due to transition of new strains
  5. Q1 534 KG produced minus 296 KM sold remaining inventory 148 KG left Q1
  6. Q1 148 KG plus Q2 37 KG production equals 185 KG inventory Q2 
  7. Q2 sales for 6 months 443 KG
  8.  Q1 total sales 3 months 295.9 KG
  9. Q2 total sale for 6 months 443 KG minus 295,9 equals rounded off 147 KG for 3 months sales for Q2
  10. so THC sold 147 KG for Q2 equals around $441,000 flower sold
  11. Q2 total edibles sold around $164,826 ..Q1 total edibles sold around $242,137
  12. Q2 total Biscuits sold around $72,523
  13. edible sales went down $77,311 from Q1 to Q2
  14. inventory Q2 around 128 KG not sold.
  15. why does Q2 report last 6 months. hummmm and not just last 3 months
  16. 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. 
  17. Terrible financials. Maybe biscuits might boost sales because they were not released in Ontario Q2 Mango wasn't released neither
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 ...more  
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