02:07:24 EDT Tue 19 Mar 2024
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THC Biomed Intl Ltd
Symbol THC
Shares Issued 116,421,190
Close 2018-04-23 C$ 1.31
Market Cap C$ 152,511,759
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THC Biomed unit licenses brand to Bhang & Shatter

2018-04-24 09:13 ET - News Release

Mr. John Miller reports

THC ENTERS INTO LICENSE AGREEMENT FOR THC2GO RETAIL STORES

THC Biomed Intl Ltd.'s wholly owned subsidiary, THC2GO Dispensaries Ltd., has closed a five-year licensing agreement with Bhang & Shatter, an Alberta company, for the operation of up to two retail stores in Alberta, Canada.

The non-exclusive licence will allow Bhang & Shatter to sell cannabis products using branding and trademarks, including trademark applications, for five years in up to two retail stores in Alberta, Canada. In exchange, THC will receive 2 per cent of the gross revenues of the retail outlets.

THC will also provide marking support programs and market development finance programs to Bhang & Shatter. Bhang & Shatter has made the application to the government of Alberta for a licence to operate a retail store in Calgary and will make its corresponding application to the City of Calgary on Tuesday, April 24.

About THC Biomed Intl Ltd.

THC is an ACMPR (Access to Cannabis for Medical Purposes Regulations) licensed producer and a supplier of legal cannabis genetics. THC also produces and sells dried and fresh marijuana and cannabis oil for medical purposes. THC is also active in scientific research and the development of products and services related to the medical cannabis industry. Management believes THC is well positioned to be in the forefront of this rapidly growing industry.

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