Post by
InAMeeting on Jul 09, 2024 1:37pm
Still Halted?
So this bow-wow has been halted since February? Is this even a company any more? Looks like no THC Biomed products are available from the Ontario Cannabis Store. If Biomed is out of business, I missed the announcement. I wonder how that "interim" CFO is going to explain this? Actually, forget that thought - she never once explained anything.
Comment by
Canadaforoil on Jul 11, 2024 5:36pm
You should really not provide false info, even though this company is a DOG. The products are available at the Ontario Cannabis Store.
Comment by
InAMeeting on Jul 15, 2024 5:35pm
Actually, when I checked on the OCS web-site, the message was like "not available on-line, check your local retailer.
Comment by
SheerBolshevik on Jul 16, 2024 8:02am
He's right. This is just about as close to over as this has ever been. Highly unlikely that OCS willl be restocking any THC Biomed products....as they're likely not producing anything! What a shame JM fumbled this little company so badly.
Comment by
InAMeeting on Jul 22, 2024 9:10am
i think JM and the rest of his family made lots of money owning this company.
Comment by
SheerBolshevik on Jul 22, 2024 9:14am
How so? By running the company into the rocks? You'd think after seeing the run-up of 2018, they would want to do everything in their power to ensure their company succeeded - instead of PPs at 3 cents. I do wonder what happened with their original auditor - something must have surely stunk. And now the difficulties getting a new auditor to comply with the CSE requirements.
Comment by
InAMeeting on Jul 26, 2024 12:12pm
Well, here's an example, if my memory serves me correctly, didnt JM loan the company money and take mortgages on the company's real estate assets? So if the company defaults on the mortgages, JM can probably take ownership at a fraction of the market price.