THC Biomed International Ltd. (OTCMKTS:THCBF) reported that it is now permitted by Health Canada to offer dried marihuana to registered people under the ACMPR. The company already sells beginning materials to eligible clients. John Miller, the CEO, reported that the company is excited that it can now take orders and accept new customers.
The inventory is ready. Approved clients can order from company’s new website and get products delivered directly at their homes. The high quality, organically cultivated, dried marihuana will be sold in 29 strains. The pricing framework reflects their mandate of supplying top quality marihuana at an affordable price.
THC Biomed reported that compassionate pricing of $4.20/gram is accessible for interim supply to home cultivators that buy starting material from company. The normal pricing remains $6/gram for any of their 29 available strains irrespective of their THC content. They consider a single pricing structure is beneficial to people and will permit them to explore all their strains.
Research has demonstrated that higher THC levels don’t necessarily compare to a better experience. THC Biomed promise Canadians an extremely high quality and unique product. It is an extremely vital milestone for company, as it permits them to compete directly with its peers, irrespective of their prevailing size.
The firm considers as the industry matures, cannabis firms will need to demonstrate shareholders actual profitable revenue and it is the segment where the firm will be pioneers. While shareholders expect an upward curve, it must be registered via genuine fundamentals and not publicity.
THC Biomed have had its license renewed until February 18, 2020. It is the longest renewal the firm has witnessed to date, and it denote the confidence in company’s control systems and processes. THC has started expansions of its existing facility and in expectation of the recreational market, it is currently engaged in buying 2 new sites to build largest Indoor cannabis facility in Canada. They plan to be Canada’s pioneer in indoor cultivation.