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From: stormcat (Rep: 440)Date: 07/11/2018 15:34
Forum: Pinks and BB - Msg #127763Thread #674020650 (Rec: 0)
THC Biomed Intl to supply B.C. with adult-use cannabis

2018-07-11 15:26 ET - News Release


Mr. John Miller reports

B.C. SELECTS THC BIOMED TO SUPPLY RECREATIONAL ADULT-USE CANNABIS

THC BioMed Intl Ltd. has been selected by the Province to supply British Columbians with adult-use cannabis. THC has entered into an agreement through its wholly owned subsidiary, THC Biomed Ltd., to supply non-medical cannabis to the B.C. Liquor Distribution Branch following legalization.

THC is very proud to be given this opportunity to have its products available for sale in British Columbia, beginning Oct. 17, 2018.

In the supply agreement, B.C. agrees to purchase approximately 2,390,200 grams of cannabis from THC in the first 12 months of legalization at the prices set by the province. The cannabis will be in 19 different products and in the form of dried flower, prerolled and oil.

"This supply agreement cements our entry into the adult-use recreational market. For THC it brings a fundamental change as we now begin to exhibit our true strengths, allowing the business to grow organically," said John Miller, president and chief executive officer of THC. "We look forward to providing adult Canadians with an exceptional produc

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