THC Biomed Intl Ltd. (THCBF)

[guay]

In order, to leverage on the lucrative cannabis business, the company is aggressively pursuing its diversification and overall expansion strategies. THC has entered into a Letter of Intent with an Australian licensed importer and wholesaler of medical cannabis for the acquisition of 51% of that company and has incorporated a new subsidiary in Lesotho, Africa, to apply to become a licensed producer in that country.

Analyst tracking the stock believes that this move would help THC to become a licensed producer in Lesotho. Moreover, company’ presence in Lesotho would be an extremely positive factor in the growth of the economy and employment in Lesotho. Also, this would substantially enhance the operational profile of the company, as the relatively low cost of production will lead to a high-quality product at prices with which products are grown in North America and elsewhere can’t compete. Lesotho’s growing conditions make it an ideal place for cannabis cultivation with a low risk of crop failure.

Other key Announcements:
http://thcbiomed.com/thc-biomed-eyes-the-global-cannabis-market-as-canada-marches-toward-legalization/