THC Biomed Intl Ltd. (THCBF)

[cuckoo 4 cocoa puffs]

Q3 HIGHLIGHTS
? Revenue for the quarter increased 153% compared to the same period last year
? Revenue for Q3 was lower than Q1 and Q2 due to supply chain issues as a result of the general
slowdown caused by COVID-19
? Production began on our new cannabis beverage shot, THC Kiss, with sales to our medical
marijuana patients in April, 2020.
? A new three-year lease began for a property adjacent to our production facility intended for
administration, storage, and other activities not related to cannabis production in order to free up
space at the production facility by constructing four new grow rooms with the space once it is
renovated and approval received from Health Canada.
? Announced a Normal Course Issuer Bid to purchase up to an aggregate of 7,977,152 common
shares of the Company representing 5% of the issued and outstanding common shares as at that
date, of which 1,217,000 shares have been purchased to date for The price paid for all of the shares
was $163,444 at an average price per share of $0.13.
? Upon the resignation of George Smitherman from the Board of Directors, Penelope Laine was
appointed to the Board. Ms. Laine is an experienced and licensed pharmacist with an MBA from the
University of Toronto. She has also passed the Canadian Securities Course and the Trader Training
Course. Her experience in science and healthcare, combined with her education in business and
finance, is a great fit for the Company.
SUMMARY OF QUARTERLY RESULTS
(1) Includes excise taxes
Net Income (Loss)
Quarter Ended Revenue Income (Loss) Per Share
Q3/2020 April 30, 2020 (1) $ (295,717) 896,104 $ - $
Q2/2020 January 31, 2020 (1) $ 88,191 1,246,625 $ $ -
Q1/2020 October 31, 2019 (1) $ 688,925 1,044,510 $ 0.01 $
Q4/2019 July 31, 2019 382,096 $ (4,177,572) $ (0.04) $
Q3/2019 April 30, 2019 354,326 $ (4,905,797) $ (0.03) $
Q2/2019 January 31, 2019 474,041 $ (4,722,819) $ (0.04) $
Q1/2019 October 31, 2018 279,140 $ 1,106,841 $ 0.01 $
Q4/2018 July 31, 2018 163,883 $ (3,208,291) $ (0.02) $

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