THC Biomed Intl Ltd. (THCBF)

[cuckoo 4 cocoa puffs]

THC BioMed Releases First Quarter Results
Canada NewsWire

VANCOUVER, BC, Dec. 1, 2021

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VANCOUVER, BC, Dec. 1, 2021 /CNW/ - THC BioMed Intl Ltd. (CSE: THC) ("THC BioMed" or the "Company") is pleased to report its financial results for the three months ended October 31, 2021.

THC BioMed Intl Ltd. Logo (CNW Group/THC BioMed)

Q1 HIGHLIGHTS

Produced a gross margin profit after fair value adjustments of $711,761 and net income of $25,006

Sales revenue increased 83% period to period

Sales of edibles in Q1 made up 21.3% of total sales

Facility buildout completed

Received a Notice of Allowance from the Canadian Patent and Trademark Office regarding its patent application for the invention of a Contrast Illuminated Tamper Resistant Plant Shipping Container, or the Clone Shipper unit. The Notice of Application is not a grant of patent rights at this time but a notice from the Examiner that the Application is being allowed.

https://www.otcmarkets.com/stock/THCBF/news/THC-BioMed-Releases-First-Quarter-Results?id=333510