Received by email:
File: THC BioMed Intl - Press Release - facility expansion(00861676-2x9DEBD).doc
THC BIOMED INTL LTD.
P.O. Box 20033 Towne Centre
Kelowna, B.C. V1Y 9H2
www.thcbiomed.com
THC Announces Facility Expansion
THC.CSE THCBF - OTC TFHC.F
Vancouver, British Columbia - (October 30, 2017) THC BioMed Intl Ltd. (CSE: THC), ("THC" or the "Company") is pleased
--->to announce that it is expanding its facilities to accommodate the Company's growth. The Company will be adding two ad
--->ditional commercial strata units to their existing space at 2550 Acland Road, Kelowna, British Columbia.
The total purchase price of the two units is $485,000 in an arm's-length transaction. $185,000 will be paid in cash an
--->d $300,000 will be covered by a mortgage. The acquisition is expected to close on November 1, 2017. An agent's fee of
--->$10,000 per units, for a total of $20,000, will be paid to Amazing Green Environmental Products Inc. which secured in
--->an inter-alia mortgage of $300,000
About THC
THC's vision is to be on the leading edge of scientific research, development of products and services related to the
--->medical cannabis industry while creating a standard of excellence. As the industry develops, it will become more impor
--->tant to focus on scientific research and development of products and services related to medical cannabis. Management
--->believes THC is well-positioned to be in the forefront of this rapidly growing industry.
Please visit our website for a more detailed description of our business and services available. www.thcbiomed.com
President and CEO:
John Miller
THC Biomed Intl Ltd.
T: 1-844-THCMEDS
E: info@thcbiomed.com
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the acc
--->uracy of the contents of this release.
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation, conc
--->erning the business of THC. Forward-looking information is based on certain key expectations and assumptions made by
--->the management of THC. In some cases, you can identify forward-looking statements by the use of words such as "will,"
--->"may," "would," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "cont
--->inue," "likely," "could" and variations of these terms and similar expressions, or the negative of these terms or simi
--->lar expressions. Although THC believes that the expectations and assumptions on which such forward-looking informatio
--->n is based are reasonable, undue reliance should not be placed on the forward-looking information because THC can give
---> no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made
---> as of the date of this press release and include that: (a) closing of the acquisition; (b) THC's vision is to be on
--->the leading edge of scientific research, development of products and services related to the medical cannabis industry
---> while creating a standard of excellence; (c) as the medical marijuana industry develops, it will become more importan
--->t to focus on scientific research and development of products and services related to medical cannabis; and (d) THC wi
--->ll be in the forefront of this rapidly growing industry.
THC disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new
--->information, future events or results or otherwise, other than as required by applicable securities laws.
© 2024 Canjex Publishing Ltd. All rights reserved.