Mr. John Miller reports

THC BIOMED INTL LTD. CLOSES SALE OF STRATA UNIT IN KELOWNA, B.C.

THC Biomed Intl Ltd. has sold a strata unit at its Acland Road location in Kelowna, B.C.

The effective date of the closing was Sept. 18, 2024. The company used the $551,830 in proceeds from the sale to pay for expenses of the transaction and existing accounts payable: real estate commissions ($22,347), mortgage payout ($308,580), creditors ($210,460), property taxes ($6,568) and real estate fees ($3,875).

The buyer was an arm's-length party.

The company intends to complete its continuous disclosure filings, audited financial statements and annual general meeting. It also intends to apply to the British Columbia Securities Commission and Canadian Securities Exchange for the removal of the cease trade order and reinstatement, respectively. Once approved, the company intends to resume trading on the CSE.

About THC Biomed Intl Ltd.

THC Biomed is a leading cannabis company dedicated to producing high-quality, diverse cannabis products. With a focus on innovation and consumer satisfaction, THC Biomed strives to meet the evolving needs of cannabis enthusiasts through continuous research, development and product excellence.

We seek Safe Harbor.